FARIDABAD: State-owned Power Finance Corporation (PFC) has signed a pact with the Municipal Corporation of Faridabad (MCF), Haryana, for supply, installation and commissioning of LED street light systems as part of its CSR initiative. According to the memorandum of understanding (MoU), PFC will provide financial assistance of Rs 3.56 crore to the MCF for supply, […]
The Delhi government’s plan to increase circle rates – or floor rates for property deals – by up to 30% will have an adverse impact on the real estate market and slow the pace of high-value transactions that had hit fresh records after the Covid slump. A government official told ET that a proposal to […]
GURUGRAM: The district town planner on Thursday asked NBCC to provide immediate relief — rent amount for six months in advance and one-time charges for shifting — to the EWS families of Green View project in Sector 37 D, where several residents have raised allegations of structural defects in the buildings. On Thursday, district town […]
GURUGRAM: The Municipal Corporation of Manesar (MCM) has imposed a fine of Rs 1 lakh on Vatika Seven Lamps in Sector 82 for illegally dumping sewage without treating it in violation of environmental norms. The civic body has also warned the developer to ensure proper arrangements for sewage disposal. Residents of the society have complained […]
Global investment bank Morgan Stanley has picked up 3.35 lakh sq ft of office space in commercial tower Oberoi Commerz III in the Goregaon suburb of Mumbai for a long-term tenure from real estate developer Oberoi Realty, said people with direct knowledge of the development. This space take up is in addition to Morgan Stanley’s […]
GURUGRAM: The Municipal Corporation of Gurgaon (MCG) has directed the head of its no dues certificate (NDC) portal to block and cease updating property IDs of Chintels Paradiso and other projects of the developer. The corporation’s taxation department has also directed the official in charge of issuing NDCs to refrain from registering any documents of […]
NEW DELHI: The North Delhi Municipal Corporation has extended the last date for availing the amnesty scheme for payment of property tax with 100 per cent waiver of both interest and penalty to March 31, officials said on Tuesday. The previous last date for the same was February 28. Chairman of Standing Committee of the […]
Realty developers and facility management firms are gearing up to meet the strict Covid-19 protocols at workplaces as large technology firms and commercial parks expect a faster resumption of office operations this time as against previous attempts over the last two years. While companies have already started opening offices across the country in a staggered […]
NEW DELHI: The leasing of office space by startups is expected to rise 30 per cent during 2022-24 across six major cities compared to the previous three years, according to a report. In its joint report, real estate consultant Colliers India and data analytic firm CRE Matrix said that startups are expected to lease about […]
DLF Ltd plans to develop about 3 million sq. ft. of residential space in south India in addition to an 85-acre plotted development in Chennai as the company gears up to create a pipeline of residential properties after a long time, a senior official told ET. The company, which has mostly focused on north India, […]
Supply of high-value properties in the national capital and other metro cities is being driven byfamilies wanting to sell jointly-owned bungalows in some of the most soughtafter residential areas, said top realtors. Most of the properties are either owned by elderlypeople or by several members of the younger generation.“Covid-19 has brought a fair bit of […]
NEW DELHI: The Dialogue and Development Commission of Delhi, in collaboration with WorldResources Institute, India, will on Monday launch the ‘Residential Electric Vehicle (EV) ChargingGuidebook’ to simplify and enable the adoption of EV charging in all types of residential areas inthe city, an official statement said.The document guides residential societies in understanding the importance of […]
