NOIDA: The Noida Authority on Thursday sealed the marketing offices and unsold inventory of three projects over dues amounting to Rs 1,000 crore. The action was taken against two projects of Gardenia Group in sectors 46 and 75 for not clearing dues worth Rs 707 crore, and a Logix project in Sector 137 for non-payment […]
GURUGRAM: The senior town planner (STP) has written to the director general of the department of town and country planning (DTCP) to revise the payment plan of an affordable project in Sector 104. STP Sanjeev Mann has recommended that payment be linked to construction progress instead of a timeline. Buyers of Mahira Homes have been […]
GURUGRAM: MCG has directed the private developers of eight colonies, taken over by the civic body in June last year, to deposit the deficient infrastructure cost so that it can continue with the development work. According to the assessment done by the department of town and country planning (DTCP), the developers of these eight colonies […]
GURUGRAM: The developer of Chintels Paradiso on Wednesday agreed to the terms set by the district administration to either settle the claims of flat owners of three towers in the Sector 109 society within four months, or renovate/rebuild the buildings according to expert recommendation. The outcome was reached at a meeting of deputy commissioner Nishant […]
NEW DELHI: Retail sector leasing grew by 130% year-on-year to 1.5 million sq ft in Jan-Mar 2023. Supply during this period increased by 474% year-on-year to 1.1 million sq ft, according to a recent report by CBRE South Asia, a real estate consulting firm. During the Jan-Mar 2023 period, Ahmedabad led the absorption with a […]
NEW DELHI: Demand for flexible office spaces has hit a new high after the pandemic, with major companies and businesses including start-ups now increasingly opting for co-working spaces. Out of a net absorption of approximately 8.2 million sq ft across the top seven cities in Q1 2023, coworking spaces had a 27% share, according to […]
NEW DELHI: Realty firm Chintels group has offered to buyback about 180 flats from homebuyers of three towers of its project in Gurugram as they have been declared unsafe after a partial collapse last year. In February last year, a partial collapse of a residential tower in Chintels Paradiso project led to death of two […]
NEW DELHI: The Union Housing and Urban Affairs Ministry has decided to extend the deadline for the Smart Cities Mission till June 2024, following requests from some cities that sought more time to complete their ongoing projects, officials said on Monday. The existing deadline of the Mission was June 2023.An official said that it would […]
NEW DELHI: Realty firm Chintels group has offered to buyback about 180 flats from homebuyers of three towers of its project in Gurugram as they have been declared unsafe after a partial collapse last year. In February last year, a partial collapse of a residential tower in Chintels Paradiso project led to death of two […]
NOIDA: The Integrated Industrial Township Greater Noida Limited (IITGNL) board has approved the launch of the township’s first residential and commercial scheme. Under the group housing scheme, eight plots on 61 acres are available for allotment. Their sizes range from 17,400 sqm to 56,300 sqm, with a reserved price of Rs 43,000 per sqm. Soon, […]
NEW DELHI: Nexus Select Trust, which is sponsored by global investment firm Blackstone, plans to raise up to Rs 3,200 crore from India’s first retail REIT public offer. The total size of the public issue is Rs 3200 crore, which includes fresh issue of units up to Rs 1,400 crore and an offer for sale […]
NEW DELHI: Sebi on Friday barred Karvy Stock Broking Ltd (KSBL) and its promoter Comandur Parthasarathy from the securities market for seven years and imposed a penalty of Rs 21 crore on them for misappropriating clients’ funds by misusing the Power of Attorney given to it. Further, the funds raised by pledging clients’ securities were […]
