NEW DELHI: CapitaLand Investment’s (CLI) wholly-owned subsidiary Ascendas India Development VII and its joint venture partner Maharashtra Industrial Development Corporation (MIDC) have entered into separate agreements with CapitaLand India Trust (CLINT) to divest their respective 78.5% and 21.5% shareholding in Ascendas IT Park (Pune) to CLINT for approximately Rs 13.5 billion (Singapore $221.9 million), both […]
The trial run on the 17km priority section in Ghaziabad of the regional rapid transit system (RRTS) will begin in a “phased manner” in the coming days in December, said officials of the National Capital Region transport corporation (NCRTC), which is executing the 82km-long project. This will be India’s first RRTS corridor and will link […]
The Greater Noida authority on Wednesday made facade lights mandatory for all buildings already built and to be built on the city’s arterial roads with the aim to enhance the city’s aesthetic look. It also allowed realtors additional time to pay their dues under its reschedulement scheme and reduced the ‘time extension charges’, giving them […]
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has authorized the promoter of Elegant Splendour to complete the remaining construction work under section 8 of RERA Act. With the consent of more than 50% allottees, the authority facilitated rehabilitation of 15th stuck project for completion to protect interest of allottees and with this 211 […]
Apple India has renewed its lease for 52,000 sq ft office space with the flexible office operator, The Executive Centre in Bangalore. The lease has been renewed for 36 months starting July this year and has a lock-in period of 16 months, as mentioned in a sales deed shared by the analytic firm Propstack. “This […]
Due to the cold winds and dip in temperature, markets and commercial establishments witnessed a lesser number of people as most preferred to remain indoors. A number of shopkeepers and vendors were seen burning wood in small pots to protect themselves from the biting cold. “The wind is very cold and unless we burn wood, […]
The Noida International Greenfield Airport project at Jewar is 20% complete and of the 5,700 crore earmarked for phase 1 of the project, 29.5% has been spent so far, Noida International Airport Limited (Nial) officials said on Tuesday. “The 17km boundary wall around the airport site has been completed and the electricity substation with 11kVA […]
NOIDA: The Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of India has been built, a senior official said Monday. The DLF, however, said it was yet to receive the communication. The development comes […]
NOIDA: Buyers of UpCountry project in Yamuna Expressway’s Sector 17A have alleged that the developer is passing on YEIDA’s land dues of Rs 90 crore to them. For a 100 sqm plot, the developer has issued a demand letter of over Rs 9 lakh — that includes extra land acquisition compensation, lease rent, stamp duty […]
GURUGRAM: The Haryana State Pollution Control Board (HSPCB) has ordered that all constructions in Malibu Towne, a residential society across 225 acres in Sector 47, be stopped with “immediate effect” over lack of environmental clearances. The closure notice will not affect the 2,500 families living in the society. However, plans to invest in a flat […]
ASK Property Fund, the real estate private equity arm of the ASK Group, has exited Eldeco group’s project Eldeco Centre in Delhi. The fund that had invested Rs 120 crore and has achieved an internal rate of return of 21%. The project is a commercial development comprising of retail and office spaces in South Delhi. […]
The Real Estate Regulatory Authority (RERA) Gurugram has ordered a forensic audit in the ILD Arete housing project case. The authority also issued a show cause notice to the promoter to furnish details by October 4 failing which the RERA will impose a penalty of ₹50000 per day, according to an order. Also Read| Airbnb […]
