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 […]
NEW DELHI: Delhi Development Authority (DDA) may start allotting EWS flats built for the residents of Jailorwala Bagh slum cluster in north Delhi from June this year. Lieutenant governor VK Saxena on Tuesday visited the multi-storeyed housing project to review its progress. He found that the work was 95% complete and the flats are likely […]
MUMBAI: A recent Appellate Authority for Advance Rulings (AAAR) order in the case of a Thane-based developer will gladden the hearts of buyers of under-construction properties, as it could translate into reduced costs. The appellate bench held that charges for several services collected by the developer, Puranik Builders, such as for water connection, electric meter […]
NOIDA: The Noida Authority on Friday said it has sealed three under-construction residential towers of a group housing project in the city over unpaid dues worth Rs 182 crore by the developer. Officer on Special Duty (Group Housing) Prasun Dwivedi said notices were issued to real estate developer Sunworld Residence Private Limited in November and […]
NEW DELHI: Co-working firm BHIVE Workspace on Thursday said it has started a new centre in Bengaluru with a capacity of 5,000 seats as it seeks to tap a rise in demand for flexible office space. In a statement, the company said it has expanded its co-working portfolio with the addition of Garuda BHIVE Workspace […]
GURUGRAM: MCG on Wednesday directed the developer of licensed colonies — DLF 1 to 5— to use only recycled water for construction activities, an attempt to reduce disruption in supply of drinking water to residents in the area. According to complaints from residents, potable water is being used for construction activities at more than 250 […]
NEW DELHI: The Suraksha Group, which has been awarded Jaypee Infratech (JIL) by NCLT following bankruptcy proceedings against the company, has started moving on construction and completion of 170 towers at cost of over Rs 5,000 crore. Since the five-member Implementation and Monitoring Committee (IMC) was set up last month, the Mumbai-based group has moved […]
