Bank consortium gives final approval of Rs 1,500 crore for Amrapali projects: SC

NEW DELHI: In a boost to the efforts of construction of stalled projects of Amrapali, the Supreme Court was on Monday told that a consortium of seven banks have granted final approval to infuse Rs 1500 crore out of which Rs 150 has been directly paid to National Buildings Construction Corporation (NBCC). A bench of […]

Sector names in Greater Noida likely to get replaced by numeric figures

NOIDA: After over 30 years, names of Greater Noida residential sectors such as Alpha, Beta, Delta and Omicron could be replaced by numeric figures like Sector 1, 2, 3, according to officials, a move apparently prompted by the Greek alphabet’s association with Covid variants. There has been a demand from a section of residents for […]

Greater Noida development body plans to rid city of C&D waste by April

NOIDA: A month-long drive has been rolled out by the Greater Noida Industrial Development Authority (GNIDA) to clear all construction and demolition (C&D) waste from the city. The authority has released a date-wise schedule for each sector and urged residents to inform it on debris lying along roads. Growing at a fast pace, Greater Noida […]

Brookfield to buy 51% stake from Bharti Enterprises in four properties

NEW DELHI: Bharti Enterprises and Brookfield, have entered into a joint venture agreement for four commercial properties totalling to 3.3 million sq ft. “As part of the joint venture, a Brookfield private real estate fund will purchase 51% stake from Bharti Enterprises, which will continue with a 49% economic interest in the properties. The enterprise […]

Gurugram: DTCP directs builders to hand over upkeep plans to RWAs in 30 days

GURUGRAM: The department of town and country planning (DTCP) has directed the developers of all group housing colonies in Gurgaon to submit all documents related to maintenance to the respective RWAs or upkeep agencies within 30 days. “It has come to the notice of this office that in order to have maintenance of the colonies, […]

Haryana CM to hold round table meet on Global City project

GURUGRAM: Chief minister Manohar Lal will hold a round table discussion with industry leaders and prominent citizens of Gurgaon on Friday on the proposed Global City project that is set to be developed on 1,000 acres near Manesar as a hub of trade and business not just for the city but all of Delhi-NCR. The […]

Gurugram: NBCC Green View buyers demand refund of money, compensation

NEW DELHI: Aggrieved homebuyers of NBCC’s Gurugram project ‘Green View’ project, which has been declared unsafe, on Thursday demanded refund of their money as well as compensation from the state-owned firm for the “harassment” faced by them. The homebuyers have sought refund of their investments along with a 15 per cent interest and a minimum […]

Seven banks to disburse Rs 1,500 crore for completion of Amrapali projects

NEW DELHI: A consortium of seven banks will disburse Rs 1,500 crore loans to complete the construction of stalled projects of erstwhile Amrapali group, following a direction by the Supreme Court. The state-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and […]

Noida Authority stops construction activity in Antriksh Golf View 1

NOIDA: The Noida Authority on Wednesday stopped construction activity at Antriksh Golf View 1, following complaints of illegal construction in the stilt parking area of the Sector 78 housing society. Currently, the society is home to 1,200 families. The crackdown on the alleged illegal construction at Antriksh Golf View 1 comes barely two days after […]

Noida authority begins razing 47 illegal shops, 20 studio units in Gardenia Gateway

NOIDA: Continuing with its crackdown against illegal construction in residential complexes, the Noida Authority on Monday began a drive to raze as many as 47 illegal shops and 20 unauthorised studio apartments at Gardenia Gateway Society in Sector 75. The demolition drive in the group housing society will continue for a few more days as […]

Amazon India opens 8.3 lakh sq ft office space in Chennai

NEW DELHI: Amazon India has opened an office space spread across 8.3 lakh sq ft in the World Trade Centre at the Perungudi area in Chennai. The new office space, occupying 18 floors in the building, will support around 6,000 employees. This is Amazon’s fourth office in Tamil Nadu and takes total office area to […]

Indiabulls Housing to raise Rs 50,000 crore growth capital next fiscal

MUMBAI: The second-largest mortgage lender Indiabulls Housing Finance is planning to raise Rs 50,000 crore next fiscal to fund its expected 15-20 per cent loan growth which will take its balance sheet near to the pre-pandemic peak when it had crossed the Rs 1-lakh-crore mark, a senior company official said on Monday. The city-headquartered lender’s […]

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