GURUGRAM: The department of town and country planning (DTCP) along with police on Sunday demolished a warehouse in an illegal colony, a concrete plant and a transport office spread over five acres. According to the department, the colony was being developed without any permission and the structures were constructed in violation of the norms. District […]
NEW DELHI: New Delhi Municipal Council (NDMC) has finalised a property-wise assessment list of all land and buildings in its areas and invited residents to verify the details after visiting the property tax office at Palika Kendra and submit their objections, if any, till May 13. The assessment list for the year 2023-24 has been […]
NEW DELHI: The Union housing and urban affairs ministry has blacklisted two firms, which were engaged in the construction of the ill-fated NBCC Green View project in Gurgaon, debarring them from getting any work from the ministry for two years for sub-standard work. These entities – Supreme Infrastructure India Ltd and Ramacivil Construction Pvt Ltd […]
GURUGRAM: MCG has constituted 16 teams to check tax evasion by changing the use of properties from commercial to residential, and industrial or institutional and submit a report by April 30. A total of 1,244 commercial properties in the city have changed their category to residential properties, 514 to industrial use, 95 to institutional use […]
GURUGRAM: The department of town and country planning (DTCP) has issued a show-cause notice to Chintels Paradiso’s structural engineer, architects and two others in connection with the collapse of five flats in a tower in the Sector 109 residential society last year. Two residents died in the cave-in. The department said these five people had […]
GURUGRAM: MCG has issued notices to 127 commercial sites, including shopping malls and hospitals, seeking information on whether they are offering free or paid parking, and if they are paying property tax for those facilities or not. The move appears to be an attempt by the corporation to take stock of commercial sites that claimed […]
GURUGRAM: As residents welfare associations (RWAs) have been raising a demand for infrastructure upgrade and curbs on unauthorised construction in licenced colonies, the department of town and country planning (DTCP) on Wednesday started a drone survey in sectors 1 to 80. The mapping of these sectors, through a government agency — DRIISHYA, is aimed at […]
NEW DELHI: The Delhi Development Authority (DDA) is working on several measures, including dynamic pricing, to increase the sales of flats lying unsold as well as upcoming inventory, mostly EWS and LIG. “Besides setting sales targets and stressing on improving infrastructure facilities and connectivity around upcoming housing projects, we are considering adopting the concept of […]
NEW DELHI: The Municipal Corporation of Delhi has begun an exercise to identify “dangerous” buildings in the city to initiate demolition or repair work of such infrastructure to prevent any “mishap” during monsoon season, an official said on Tuesday. The civic body has asked its field staff to initiate the yearly survey of buildings or […]
Property developer VTP Realty has acquired a 6.7-acre land parcel in Thergaon locality of Pune for over Rs 260 crore through its subsidiary Rising Wellworth Enterprises LLP. The transaction is an extension of a development agreement inked between both the entities earlier. The company had entered into a development pact for the said land parcel […]
MUMBAI: Indiabulls Housing Finance will cut a 5,000 crore deal with global investor Oaktree Capital to acquire a chunk of loans given by the non-banking finance company to bankroll several developers. The infusion of debt capital will happen through a jointly-formed special purpose vehicle (SPV) which would float instruments like debentures that Indiabulls and Oaktree […]
Global private equity major Blackstone Group-sponsored Nexus Select Trust REIT, India’s maiden real estate investment trust (REIT) with retail properties, is set to launch its initial public offering to raise over 4,000 crore in the first week of May, said persons with direct knowledge of the development. This will be Blackstone’s third REIT in the […]
