News

HSVP puts its land up for auction, finds 13 acres occupied by Gurugram civic body

GURUGRAM: The Gurugram municipal corporation (MCG) was found to have encroached upon 13 acres of HSVP land worth hundreds of crores at five different places in the city. The encroachment came to light when HSVP, which is reeling from a financial crisis and has been monetising its assets to raise funds, listed some of its […]

Noida developers plan to meet Yogi over land dues

Real estate developers decided to approach Uttar Pradesh chief minister Yogi Adityanath on Tuesday, demanding that latter address the issue of housing land cost dues. The developers are seeking a one-time settlement scheme to resolve the issue. At least 100 developers held a meeting in Sector 62 on Tuesday and drafted a memorandum to be […]

Come with a plan to curb pollution at project sites: HSPCB to developers

The Haryana State Pollution Control Board (HSPCB) on Tuesday asked developers to come up with a plan outlining steps to be taken to curb pollution at project sites so as to do away with the need to ban construction when Stage 3 of the graded response action plan (Grap) is implemented by Commission for Air […]

Signature Global gets Sebi nod for its Rs 1,000 crore proposed IPO

NEW DELHI: Realty firm Signature Global (India) Ltd has received a nod from capital markets regulator Sebi for its initial public offer (IPO) to raise up to Rs 1,000 crore to clear debt and land acquisition. In July, Signature Global, which focuses on affordable and mid-housing segments, had filed the Draft Red Herring Prospectus (DRHP) […]

Gurugram: Rs 122 crore paid as penalties, MCG faces acute funds crunch now

GURUGRAM: MCG is reeling under acute financial crisis, having paid a hefty penalty of Rs 100 crore to the National Green Tribunal (NGT) as environmental compensation, Rs 2.8 crore for non-compliance of norms at Bandhwari landfill site and Rs 19 crore to Ecogreen for Faridabad’s waste management. On the other hand, the MCG has, so […]

AAI may lose three floors to pave way for fourth runway at IGI Airport

NEW DELHI: The authorities at IGI Airport are likely to demolish three floors of a building of Airport Authority of India next week. The building is coming in the way of operation of the fourth runway, which will help in enhancing the capacity of the Delhi airport. The construction of the fourth runway has been […]

Gurugram: Residents protest against Central Park over restricted access to facilfacilities

GURUGRAM: Hundreds of residents of Central Park 2 located on Sohna Road took out a protest march on Sunday against the developer for changing the layout plan without their consent and restricting their access to the common facilities. The residents alleged that they have been denied access to facilities, including central greens, club, even after […]

Housing sales in Gurugram jump over 3-fold to 24,482 units during Jan-Sep

Housing sales in Gurugram jumped more than three-fold on an annual basis to 24,482 units during January-September this year on higher demand for residential properties across all price categories — affordable, mid-income and luxury, according to Anarock. Housing sales in Gurugram stood at 7,725 units in the year-ago period. Noida saw a 52 per cent […]

Revised report increases base price of Tower D Chintels flats, but owners not satisfied

The revised valuation report of the flats in tower D of Chintels Paradiso apartments in Sector 109 has increased the minimum base price to 5,900 per square foot from the earlier valuation of 5,500 to 5,600 per square foot. The report compiled by Nagpal and Associates was submitted to the Gurugram district administration and the […]

Air quality worsens again, ‘poor’ in Noida, ‘very poor’ in Greater Noida

After a gap of 14 days, the air quality in Greater Noida has again plummeted, with the city recording an air quality index (AQI) reading of 332 on Friday and 329 on Saturday, both in the ”very poor” category. The condition was not any better in Noida where the air quality remained “poor” on Saturday […]

DTCP carries out demolition drive in Bhondsi

Gurugram: The Department of Town and Country Planning (DTCP) on Friday carried out a demolition drive in three colonies in Bhondsi, which were being developed without permission from authorities and in violation of rules. DTCP officials said that their team, with the support of a large contingent of Gurugram police, carried out the demolition drive […]

Gurugram: Illegal structures in Aravalis to be razed next week

GURUGRAM: The forest department is planning to carry out a demolition drive to free Aravalis from encroachments in the district after the rollback of GRAP-3 restrictions. To begin, it will demolish illegal structures over more than 20 acres of Aravali land in Abheypur near Damdama lake next week. NGT in August 2020 ordered an end […]

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