Even as top executives of Tesla are meeting up with Indian government officials to discuss its foray into the country, the US-based electric vehicle manufacturer has picked up office space in Pune’s Viman Nagar locality. The company’s India arm, Tesla India Motor & Energy, has leased the office spread over 5,850 sq ft in a […]
NOIDA: The Greater Noida Industrial Development Authority (GNIDA) after 12 years decided to take up the maintenance of the only freehold property ever sold in Greater Noida. It is a 100 acre prime plot in Sector Omega at Pari Chowk, which remained unkempt and turned into a wasteland. The GNIDA will sign an MOU with […]
CHANDIGARH: The Haryana town and country planning department on Tuesday announced the setting up of clusters of industrial units as well as warehouses on agricultural land. The department, while notifying the policy, also elaborated in detail the terms and conditions for the aspiring entrepreneurs keen to set up such industries. Barring the “hyper sensitive zones” […]
NOIDA: With the development of the Noida International Airport, the real estate sector in the region is gearing up for significant growth. To facilitate this expansion, the Yamuna Expressway Authority (YEIDA) aims to streamline and expedite the building approval procedures by adopting a digital platform. YEIDA has initiated the process of hiring a consultant company […]
Sify Infinit Spaces, a subsidiary of Information and communications technology (ICT) player Sify Technologies has leased over 1.5lakh sq ft office space in Hyderabad. The property is located in Nanakramguda in the financial district of Hyderabad. The office is spread over five floors and has a 60 months lease period. “The company will be paying […]
Singapore-based AT Capital’s real estate and infrastructure focused NBFC, Experion Capital, has made its debut investment in India by providing 200 crore as project finance for Vatika Group’s luxury residential project, Sovereign Park in Gurugram, three persons aware of the development said. The investment includes a term loan that aids in partial refinance to the […]
GURUGRAM: The district consumer forum has fined a developer Rs 2 lakh for failing to complete a project within the deadline and directed it to refund the amount collected from buyers with interest. The commission termed the builder-buyer agreement “one-sided”, “unilateral” and “unequal” and restrained the developer from making deductions or imposing a penal interest […]
NEW DELHI: The New Delhi Municipal Council (NDMC) on Thursday decided to increase transfer duty on properties by a percentage point. “On July 10, Delhi government approved an increase in transfer duty rates in MCD. To bring parity, NDMC proposes to execute the transfer duty at a similar rate. The modified rates in case of […]
NOIDA: The Noida Authority has decided to open escrow accounts for 59 developers who have defaulted on payments. Officials said the move was aimed at recovering dues and curtailing its financial losses. Officials said many of the developers who defaulted on the payments were found to have diverted funds to other projects. But when an […]
Global alternative investment major Goldman Sachs has shortlisted Brookfield Asset Management, Alta Capital, and Singapore’s Keppel Corp to sell its stake in India’s largest student housing platform Good Host Spaces, said persons with direct knowledge of the development. Goldman Sachs holds around 70% in the company that owns and operates third-party purpose-built, oncampus student housing […]
GURUGRAM: The department of town and country planning (DTCP) has directed the developer of Chintels Paradiso to get Tower H of the society vacated. Tower H is the fifth and the latest building to be declared unsafe at the Sector 109 society, where a vertical cave-in at tower D killed two women in February 2022. […]
CHANDIGARH: The Haryana town and country planning department has put 300 colonizers on notice while barring them from floating new projects as well as giving extension to their existing projects on account of default of clearing arrears of infrastructure development charges (IDC) pending against them. According to information, to start with the department has targeted […]
