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Another round of structural audits in highrise societies from April 1 in Gurugram

GURUGRAM: The district administration has decided to start the second phase of structural audits of residential societies from April 1. This comes after a meeting held on Saturday between RWAs, developers and auditing agencies at the mini secretariat, headed by the deputy commissioner, to address the issues raised in the first phase. The administration has […]

Noida authority yet to get Rs 1,400 crore from 74 properties it has leased out

NOIDA: The Noida Authority is yet to collect dues worth Rs 1,400 crore from 74 properties it has leased out to various government agencies and companies. Officials said these included government offices, petrol pumps, banks, kiosks, gas godowns and showrooms. The dues have been calculated till January 31. It was the Authority’s general administration department […]

Ganga Realty to invest Rs 750 crore to develop affordable housing project in Gurugram

NEW DELHI: Gurugram-based Ganga Realty will invest Rs 750 crore to develop an affordable housing project – Tathastu in sector 5, Sohna, the company said in a media release. Spread across approximately 22 acres, the project will offer 3 BHK apartments with carpet area of 645.73 sq ft at a price of Rs 25.14 lakh. […]

315Work Avenue leases 25,000 sq ft to Urban Company in Bengaluru

NEW DELHI: 315Work Avenue, a co-working space provider, has leased around 25,000 sq ft space to Urban Company in Bengaluru for a total tenure of 60 months. Located at Krimson Square, HSR Layout, this new office of Urban Company is expected to house more than 500 employees. Manas Mehrotra, founder, 315Work Avenue said, “This deal […]

HDFC may contest IL&FS building sale to Brookfield

Mortgage lender HDFC is contemplating approaching the Supreme Court to challenge a decision by the National Company Appellate Tribunal (NCLAT) allowing the sale of the IL&FS headquarters in Mumbai to Brookfield, a Canadian investor. NCLAT had turned down HDFC’s appeal for a stay on the sale of the property located in the Bandra Kurla Complex, […]

DDA offers buyback, reconstruction, flat swap options to owners of Signature View Apartments

NEW DELHI: Residents of the structurally damaged Signature View Apartments here have been offered three options — buyback, rent for the time period till the flats are reconstructed or apartments at other locations — by the DDA, officials said on Thursday. Lieutenant Governor V K Saxena, who is also the chairman of the Delhi Development […]

Builders have to submit structural audit reports for OC from April 1 in Noida

NOIDA: The structural audit policy of the Noida Authority will finally come into effect from April 1, making it mandatory for developers to seek occupancy certificates for new or delayed projects after getting their buildings structurally vetted by an institute empanelled by the Noida Authority and creating a framework for homebuyers to seek quick redress […]

Gurugram: DTCP directs Chintels India to shift tower E, F residents & pay rent

GURUGRAM: The department of town and country planning (DTCP) on Wednesday directed the developer of Chintels Paradiso in Sector 109 to shift residents of towers E and F of the residential project with immediate effect. In a letter to Chintels India, the developer, district town planner (enforcement) Manish Yadav said it has to provide monthly […]

Delhi civic body to rope in drones to survey properties in industrial areas for assessment

NEW DELHI: In a first, the Municipal Corporation of Delhi (MCD) will use drones to survey properties in the city’s industrial areas for tax assessment, officials said on Tuesday. This will help in verifying details submitted by residents of their properties while paying tax, an MCD official said. The MCD has invited bids to conduct […]

Gurugram: DTCP to check on suspension of three affordable projects soon

GURUGRAM: In response to a builder’s appeal to revoke an order suspending the licences issued to three of its affordable housing projects, the department of town and country planning (DTCP) has called a meeting to examine the situation and current status of the projects. Senior DTCP officials and representatives of the developer — Ocean Seven […]

Embassy REIT commits over Rs 300 crore towards investments in green initiatives

NEW DELHI: Embassy Office Parks REIT (Embassy REIT), has committed over Rs 300 crore to its environmental, social, and governance (ESG) program across its 43.6 million sq ft pan-India portfolio. On March 10, 2023, the company commissioned first phase of its 20 MW solar rooftop project, which aims to generate 30 million units of solar […]

Amazon cracks deal with DLF Downtown, Jayabheri Properties to acquire eight lakh sq ft space

Amazon and its affiliates have secured two deals in India, acquiring over 8 lakh square feet of space in Gurgaon and Hyderabad for web services, development centre, seller services, and transportation services with DLF Downtown and Jayabheri Properties for a total of 15 years. The deals were registered earlier this year. According to a lease […]

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