GURUGRAM: The department of town and country planning (DTCP) has suspended the licences of three affordable housing projects in the city for the developer’s failure to comply with their terms and conditions. The licences were granted to Ocean Seven Buildtech Pvt Ltd in 2016, 2018 and 2019 to develop Expressway Towers in Sector 109, Golf […]
GURUGRAM: Residents have welcomed the government’s decision to put on hold the policy allowing stilt plus four floors, terming it as a much-needed relief on the already-overburdened civic infrastructure of the city. With most of the colonies in sectors and licenced areas being over three decades old, residents said, they are unable to cater to […]
NEW DELHI: Initiating a drive against major property tax defaulters who haven’t paid despite repeated notices, Municipal Corporation of Delhi (MCD) sealed two properties in Raja Garden on Tuesday. “The property tax department of the west zone sealed two complexes at Shivaji Place and District Centre for defaulting on property tax amounting to approximately Rs […]
GURUGRAM: The department of town and country planning has issued a public notice on maintenance charges in affordable housing societies, and sought suggestions and objections on the same. This comes after homebuyers of affordable housing projects complained that developers are collecting upkeep fees ranging between Rs 2.50 and Rs 4 per sq ft from them […]
NEW DELHI: The Telecom Regulatory Authority of India (Trai) on Monday recommended that the government make digital connectivity infrastructure mandatory under building development plans. The telecom sector regulator suggested creating provisions under the real estate law RERA for mandating digital connectivity infrastructure inside the buildings, its maintenance and timely upgradation. “DCI (Digital Connectivity Infrastructure) should […]
NOIDA: Around 6,000 homebuyers in various projects of the Unitech group waiting for their flats and villas are pinning hope on the Supreme Court’s latest order directing the Noida Authority to approve revised layouts of 10 projects of the beleaguered real estate company in the city without insisting on upfront payment of nearly Rs 10,000 […]
Realty developer M3M has secured a Rs 1,500-crore (about $200 million) debt facility from alternative investment firm PAG Credit & Markets to fund its portfolio growth, two people aware of the development said. “As per the deal, the money will come in four tranches of Rs 600 crore, Rs 300 crore, Rs 250 crore and […]
NEW DELHI: Initiating a drive against major property tax defaulters who haven’t paid despite repeated notices, Municipal Corporation of Delhi (MCD) sealed two properties in Raja Garden on Tuesday. “The property tax department of the west zone sealed two complexes at Shivaji Place and District Centre for defaulting on property tax amounting to approximately Rs […]
GURUGRAM: DHBVN’s unified billing system for single-point connections to keep a check on overcharging for electricity in the city has few takers, five months after its launch. Of the 301 single-point connections in Gurgaon, only 36 group housing societies have integrated their meters with the new system. DHBVN rolled out the unified billing system in […]
NOIDA: Buying land near the Noida International Airport site is all set to get expensive from April. The Yamuna Expressway Authority’s board has raised the land allotment rates across all categories in the Jewar airport area by 30% to 40%, effective next fiscal. While the rates in the group housing and residential plot categories have […]
GURUGRAM: The district town planner (enforcement) has recommended action against the developer of OSB Expressway Towers, an affordable housing project in Sector 109, for the slow pace of construction at the site. The affordable housing project was launched in 2017 by the builder and the buyers were promised possession in 2021. The deadline was extended […]
NOIDA: With the recent earthquake in southern Turkiye toppling hundreds of highrise buildings, the Confederation of NCR Residents Welfare Association (CONRWA) has demanded a structural audit of all residential buildings, especially the highrises, in Delhi-NCR. On Friday, the residents’ body shot a letter to Union urban development minister Hardeep Singh Puri stating that since NCR […]
