GURUGRAM: In a move that is likely to speed up the compensation process for flat owners of towers D, E and F of Chintels Paradiso, the panel constituted to discuss issues pertaining to these three buildings has revoked the ban on registries of properties owned by the developer. The developer, Chintels India, had earlier claimed […]
GURUGRAM: The forest department has found illegal construction of farmhouses in around 50 acres of land that falls under the protected Aravali plantation area across seven villages in Gurgaon. Officials said on Wednesday they issued 50 notices, which give defaulters until the end of the month to remove the structures. If they don’t clear the […]
Poonam Juneja, a Director at Mankind Pharma and wife of Ramesh Juneja, Chairman of the company, has recently sold a bungalow in Delhi’s Vasant Vihar for Rs 91 crore. The purchasers of the property are Dhruv Malhotra, Dakhsh Malhotra, and Ranjana Malhotra from Everest Pressure & Vacuum Systems. To complete the transaction, the Malhotra family […]
BENGALURU: Global Net Lease Inc will acquire Necessity Retail REIT Inc in an all-stock deal that would value the combined entity at about $950 million, the companies said late on Tuesday. The shareholders of Necessity Retail REIT would receive 0.670 shares of Global Net Lease (GNL) for each Necessity share held, representing a total of […]
NOIDA: The Noida Authority has said subleased deeds, or registries, of 1,097 flats in 21 group housing projects in the city can be executed but are held up by the real estate developers, who are not getting the work done in favour of home buyers. The projects are located in Sector 75, 78, 121, 137, […]
Krisumi Corporation, a collaboration between Japanese conglomerate Sumitomo Corporation and Indian auto components firm Krishna Group, will invest Rs 300 crore to develop around 400,000 sq ft as part of phase 2 of 30.38-acre housing project “Krisumi City” at Sector 36A, Gurugram, a senior executive said. Both the partners have put the initial capital and […]
GURUGRAM: Agriculture minister JP Dalal, who heads the grievance committee in the city, don Monday directed deputy commissioner Nishant Yadav to ensure free access in the society to the residents of nine towers of Central Park 2 in Sector 48. Dalal was hearing the complaint of a Bellevue resident who alleged that the developer had […]
BENGALURU: US tech major Adobe Systems India has acquired 400,000 sq ft office space in Bengaluru for 505 crore amidst corporate expansion caution. The purchased office space in Prestige Tech Park IV will give the company access to a total 640 car parking slots and an undivided share of over 124,000 sq ft of land, […]
NOIDA: Real estate major Supertech has informed the administration that it has settled 32 recovery certificates issued by UP-Rera worth Rs 7.6 crore. It also said it had paid the administration Rs 3 crore. In a letter, Supertech said it was making all efforts to settle the remaining complaints amicably with the allottees by offering […]
GURUGRAM: The department of town and country planning (DTCP) has warned a few developers, who have constructed temporary offices near their under-construction projects, without permission from the department. The department said site offices are operating in violation of the norms and leading to loss of revenue. Around 50 developers have been issued guidelines by the […]
Ganga realty has acquired 8.35 acre in sector 84 Gurgaon for Rs 132 crore to develop a luxury group housing project, a senior executive said. The company will invest another Rs 750-800 crore to develop the project. “We will develop 1.5 million sq ft on this project of which 10.5 lakh sq ft will be […]
GURUGRAM: The department of town and country planning (DTCP) has sealed five residential buildings in upscale colonies — Sushant Lok 1, Greenwood City, South city 1 and Orchid Island — for violating building norms. A DTCP official said in one of the buildings in South city 1, seven storeys were constructed in violation of the […]
