Flipkart’s senior VP buys property in Adarsh palm retreat villa for Rs 15.5 crore

Amitesh Kumar Jha, senior vice president at Flipkart, has bought a property in Adarsh palm retreat villa in a deal valued around Rs 15.5 crore. The property has a super built-up area of 4245 sq. ft. and a land area of 6300 sq. ft. “The deal was registered in May, and a stamp duty of […]

Over Rs 1,100 crore property tax collected in April-June quarter: Delhi mayor

NEW DELHI: The Municipal Corporation of Delhi (MCD) has collected over Rs 1,110 crore as property tax in the April to June quarter, a surge of over 40 per cent from the same period the previous year, Mayor Shelly Oberoi said on Monday. However, the BJP said that the higher tax collection was due to […]

Amalgamation of two flats under FCFS housing scheme allowed: DDA

NEW DELHI: Amalgamation of two adjacent flats offered under the recently launched new scheme of the DDA has been allowed, officials said on Sunday. The DDA on Friday launched on a first-come, firstserve (FCFS) basis a housing scheme that will include 5,500 flats across all categories at various locations in Delhi. The scheme is receiving […]

Gurugram: Dhoot Sare buyers yet to get flats, protest

GURUGRAM: Dhoot Sare distressed homebuyers (DSDHB) association held a protest against KGK – Dhoot company in Sector 92 on Sunday demanding immediate possession of their houses. As many as 50 homebuyers with placards gathered raising their demands. The association said at least 471 buyers of SARE Homes could not claim their flats because they were […]

About 52 plots allotted a decade ago, acquired by YEIDA only now

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has purchased land to be given to 52 allottees in Sector 33. Although the allotments were made a decade ago, the land was never acquired by the Authority. Officials said they would soon acquire land to be given to three more allottees, and the acquisition process for […]

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

NEW DELHI: The DDA on Friday launched on a first-come, first-serve basis a housing scheme that will include 5,500 flats across all categories at various locations in Delhi, officials said. The move is in line with Prime Minister Narendra Modi’s vision to provide affordable housing for all and Lt Governor VK Saxena’s “consistent guidance” for […]

Conscient Infrastructure buys 6.6 acre land in Gurugram for around Rs 85 crore

NEW DELHI: Realty firm Conscient Infrastructure has acquired 6.6 acre land in Gurugram for around Rs 85 crore to develop a housing project. In a statement, real estate consultant Cushman & Wakefield said that it facilitated this land deal of 6.6 acres in Sector 80, Gurugram. The land parcel has a development potential of more […]

Registration for 5,500 flats in Delhi to begin on June 30

NEW DELHI: The Delhi Development Authority (DDA) is all set to begin the registrations for 5,500 flats from 12 pm on June 30 under its Phase IV Housing Scheme. The flats are located in Jasola (having 40 High Income Group or HIG flats), Dwarka (having 50 Middle Income Group or MIG flats), Lok Nayak Puram, […]

UP-RERA slaps Rs 3 crore penalty on Ansal API for fund misappropriation

NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (RERA) on Tuesday said it has barred realty firm Ansal API from sale or transfer of any residential property in its hi-tech township project in Greater Noida over violation of norms. The real estate developer, separately, has been slapped with a penalty of Rs 3.05 crore on […]

Sebi prescribes methods to REITs, InvITs for compliance with 25% minimum public holding rules

NEW DELHI: Markets regulator Sebi on Tuesday provided methods such as an offer for-sale mechanism, rights issue and issuance of bonuses to unitholders of REITs and InvITs to achieve compliance with the 25 per cent minimum public holding requirement. The rule mandates that any listed REIT (Real Estate Investment Trust) or InvIT (infrastructure investment trust), […]

Noida: Flats in parking area unsealed, cars take up Antriksh Golf View 1 society driveway

NOIDA: The Noida Authority, last year, sealed 11 of the 78 flats built illegally in the stilt parking area of the Antriksh Golf View 1 society, but the builder unsealed two of them a few months ago, alleged residents. Additionally, the builder has been selling parking slots to residents where it had proposed a driveway […]

Haryana CM announces approval to metro connectivity between Ballabgarh and Palwal

PALWAL: Haryana Chief Minister Manohar Lal Khattar on Sunday said his government had given approval for metro connectivity between Ballabgarh and Palwal and added it would ensure better connectivity and speed up development in the area adjoining Delhi. Addressing a rally at Gajpuri village in Palwal, Khattar said the central and state governments were taking […]

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