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Gurugram civic body’s takeover of DLF Phase 1-3 unlikely today

GURUGRAM: With no mechanism in place yet for the upkeep of DLF phases 1 to 3, the possibility of an MCG takeover of the privately developed colonies happening by May 31 is slim. The civic body, TOI has learnt, is yet to calculate and hire manpower required for maintenance work and issue tenders for water […]

Gurugram: Toll-free number for property ID errors

GURUGRAM : With an increase in the number of complaints related to property tax, MCG on Saturday launched a toll-free number (1800-180-1061) for residents. The complaints from the call centre will be directed to the officials concerned so that people don’t have to run from pillar to post to get their grievances resolved. After new […]

Supertech Ecovillage 2 residents demand that builder urgently completes pending Work

Supertech Ecovillage 2 residents demand that builder urgently completes pending Work NOIDA: Around 200 residents of Supertech Ecovillage 2 on Sunday evening marched in the Noida Extension society to demand that the builder urgently completes pending work and ensures that another incident like the one last week, when two children fell nine floors from a […]

Brookfield India REIT proposes to raise up to Rs 5,000 crore via sale of units

NEW DELHI: Brookfield India Real Estate Trust plans to raise up to Rs 5,000 crore through sales of units to institutional investors, as per a regulatory filing. The board of directors of Brookprop Management Services Pvt Ltd, the manager of Brookfield India Real Estate Trust (Brookfield India REIT), at its meeting held on Friday approved […]

Four illegal colonies in Greater Noida demolished

NOIDA: Four illegal colonies in Uttar Pradesh’s Greater Noida were demolished and land measuring around 50,000 square metres, and estimated to be worth Rs 100 crore, freed of encroachment, officials said on Thursday. The action was carried out by the Greater Noida Industrial Development Authority (GNIDA) on instructions of its CEO Surendra Singh, the officials […]

RERA tells Delhi corporations not to approve unregistered building plans

The Real Estate Regulatory Authority (RERA) of Delhi has asked the city’s four municipal corporations and the Delhi Development Authority (DDA) not to approve building plans for projects that have not been registered with the authority. The decision came only days after the authority made it essential for builders to register projects with a total […]

Real estate arm of Morphogenesis to invest Rs 100 crore for office space project in Delhi

Architect firm Morphogenesis plans to invest Rs 100 crore through its real estate arm to develop about 2 lakh square ft of Grade A office space in Delhi’s Okhla, Manit Rastogi, Founding Partner, Morphogenesis told ET. The company, through a joint development model, has developed 50,000 sq ft of office space and plan to take […]

Phoenix Mills to add 4.4 million sq ft to retail portfolio in 12-15 months

The Phoenix Mills, India’s largest retail-led mixed-use asset developer and operator, will be operationalizing four new large malls in key consumption centers of Pune, Bangalore, Ahmedabad and Indore over the next 12-15 months owing to a robust rebound in retail activity driven by pent-up demand and revenge shopping post the Covid19 pandemic. Phoenix that counts […]

Homes delivered but no power connection: Vipul World buyers

GURUGRAM: Pankaj Kumar Dhingra invested his life savings and took a home loan to buy a builder floor for nearly Rs 2 crore in Vipul World, Sector 48. He got the possession and the sale deed was executed on time, but he hasn’t been able to move into his house for the past one year […]

Prime minister to unveil first batch of precast PMAY houses in Chennai

NEW DELHI: Barely 16 months after he laid the foundation stone for construction of 1,152 houses in Chennai under the government’s flagship housing scheme, PM Narendra Modi will inaugurate the first Light House Project (LHP) on Thursday. The houses have been built using precast concrete construction technology in a greenfield complex which has 16 towers […]

IHCL looks to build 300-hotel portfolio, scale up new business

MUMBAI: The Indian Hotels Company (IHCL) is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025. “We have signed over 100 hotels and opened over 40 hotels in the past five years, becoming the fastest growing hospitality company […]

As work on Noida airport takes off, ‘dream houses’ & illegal plots offered around site

NOIDA: A visit to the Yamuna Expressway and Greater Noida throws up a barrage of hoardings and advertisements on the wall, many now selling people their “dream houses”. Evidently, construction of the Noida International Airport, endorsed as the eventual alternative to the IGI in Delhi, has caught the eye of property dealers in and around […]

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