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Indiabulls Housing rallies 13% on Sameer Gehlaut’s resignation

NEW DELHI: Shares of Indiabulls Housing Finance zoomed as much as 13 per cent during the early trade on Tuesday following the exit of Sameer Gehlaut from the company. Sameer Gehlaut has resigned from the Non-Executive Director post of the non-banking finance company (NBFC), with effect from March 14, 2022. The company also informed that […]

Gurugram: DTCP writes to IIT-Roorkee for structural audit of five projects

GURUGRAM: The department of town and country planning (DTCP) has written to the head of civil engineering department of IIT-Roorkee on the scope of work for the structural audit of five residential projects along Dwarka Expressway. A team from the institute will determine the quality of construction and find out the root cause of structural […]

Four banks come on board to infuse funds into Amrapali housing projects

NEW DELHI: Four banks–Bank of Baroda, Bank of India, UCO Bank and Punjab & Sindh Bank — have come on board to infuse money in SC- monitored construction of Amrapali housing projects while State Bank of India and Punjab National Bank on Monday assured the Supreme Court that they would take the decision by end […]

Noida: Supertech twin towers to be gone in nine seconds

NOIDA: Everything but time will stand still as the clock strikes 2.30pm on May 22 at Sector 93A in Noida. In the next nine seconds, India’s tallest buildings to be brought down will disappear from the cityscape. Coincidentally, the nine-second demolition is nine months from the August 31, 2021 order of the Supreme Court for […]

Gurugram: Indiabulls Centrum Park residents protest against mobile tower installation

GURUGRAM: A group of residents of Indiabulls Centrum Park located in Sector 103 protested against the installation of a mobile tower in their society. Citing health concerns, the protesters registered police complaints against the RWA and the developer on Sunday. In June 2021, the RWA allowed the installation of a temporary cell on wheels (COW), […]

DLF to invest Rs 550 crore to construct 1-million-sq ft office in Chennai for Standard Chartered

CHENNAI: Realty major DLF on Monday announced an investment of around Rs 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services’ largest campus globally. Tamil Nadu Chief Minister M K Stalin laid the foundation stone of the office campus in ‘DLF Downtown’ project at Taramani in Chennai. In October 2020, […]

Delhi development authority’s housing amendment gets nod

NEW DELHI: Seeking to attract more buyers, the DDA on Friday approved an amendment inhousing regulations to allow public to participate in its schemes even if they or their familymembers own a flat or plot in Delhi, officials said. The decision was taken during a meeting viavideo-conferencing, held under the chairmanship of Lt Governor Anil […]

WeWork expects 2022 revenue to jump at least 30% on office space demand

BENGALURU: Flexible workspace provider WeWork Inc said it expects 2022 revenue to jump at least 30% amid demand for office space from companies switching to a hybrid model of work. The Softbank-backed firm said it expects full-year revenue between $3.35 billion and $3.5 billion, a 30%-36% rise from its 2021 revenue. The COVID-19 pandemic has […]

Construction waste moved in buses, bike and Gypsy in Gurugram: Report

GURUGRAM: Ever seen or heard about construction and demolition (C&D) waste being carried on a motorbike, an SUV or a bus? These were the vehicles that were supposedly used to collect and transport C&D debris in the city, a committee set up by the Municipal Corporation of Gurgaon (MCG) has found in an inquiry to […]

Builders seek housing ministry’s intervention on rising cement, steel prices

Rising cost of construction owing to continuous increase in prices of raw materials including steel and cement and additional surge in the backdrop of the Russia-Ukraine war is making real estate developers jittery. Concerned over the cost pressure, realtors through their pan-India body National Real Estate Development Council (NAREDCO) have sought the intervention of the […]

Sixteen new sectors to be developed off Yamuna Expressway

NOIDA: The areas around the Yamuna Expressway, which expect an economic windfall from the Noida International Airport in Jewar, will have 16 new sectors over the next two decades to cater to an estimated population of 43 lakh. These new sectors will be included in the 2041 master plan of the Yamuna Expressway Industrial Development […]

Delhi: Brick kiln industry protests over GST

NEW DELHI: Raising their voices against the proposed hike in GST on the sale of red clay bricks by the Centre, thousands from the brick kiln industry protested at Jantar Mantar on Tuesday. Calling the tax hike “exorbitant”, the owners of brick kilns from acrossthe country protesting under the banner of AllIndia Bricks and Tiles […]

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