prithvi estates

Civic bodies in Delhi give more time to file property tax with 15% rebate

NEW DELHI: If you missed the Friday deadline to pay your property tax while availing the 15% early filing rebate, there’s some good news. As many Delhiites complained about the glitches in the new property tax portal that made it harder to file the taxes on time, North Delhi Municipal Corporation and South Delhi Municipal […]

Homebuyers back in realty market but plan to cut budgets by 10-30%: Survey

Online search for property is picking up around the country but buyers are not willing to spend too much, finds a Magicbricks survey. The Magicbricks Property Buyer’s Sentiment Survey 2nd Edition, was an online survey that was conducted from 20 June to 10 July and covered 3,045 participants. The survey also found 73% of respondents […]

GMR Infrastructure bets big on land monetisation

NEW DELHI: GMR Infrastructure is working on disinvestment of non-core assets including land and hopes to yield “significant value” even from 50 per cent of land monetization, according to a document. The airport-to-port conglomerate in an investor presentation said land at strategic industrial locations will benefit from the possible manufacturing dislocation from China. “Plan is […]

NBCC offers easy payment to Amrapali buyers

NOIDA: Amrapali homebuyers awaiting flats will have to start paying their dues in easy instalments from August, as per a payment plan issued by NBCC. The charter was issued by NBCC in the wake of the July 10 order by the Supreme Court, asking homebuyers to help infuse working capital into the state-owned company. NBCC […]

Gurugram: How a planned colony became hub of illegal PGs

GURUGRAM: For residents of DLF-3, one of the oldest licensed colonies in the city, the fight is for basic amenities, and one they have been fighting since years. “We are fighting a big battle against local mafias who have money and muscle power. They have converted the residential colony into a hub of illegal PGs […]

Ask NBCC to start work on Wish Town project: Buyers to SC

NOIDA: A group of Wish Town buyers urged the Supreme Court on Wednesday to direct the National Company Law Appellate Tribunal (NCLAT) to persuade state-run NBCC to immediately start construction in the Wish Town project and complete around 20,000 pending flats at the earliest. The court has issued notices to the NBCC and other stakeholders […]

Average office rental in Delhi-NCR market declines 9% in H1 2020

The average office rental in the Delhi-NCR market declined by 9 per cent to around Rs 78 per sq ft a month during the first half of this calendar year as demand was hit due to the Covid-19 pandemic, according to a report. In its half yearly report, property consultant Knight Frank India has said […]

Ansal Properties posts Rs 210 cr loss in 4th quarter of FY20

Crisis-hit realty firm Ansal Properties and Infrastructure on Friday reported a consolidated net loss of Rs 209.96 crore for the fourth quarter ended March 2020. It had posted a net loss of Rs 25.12 crore in the year-ago period. Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 […]

Housing minister Hardeep Puri launches digital platforms to market residential properties

Housing and Urban Affairs Minister Hardeep Singh Puri on Friday launched digital platforms of real estate bodies CREDAI and NAREDCO to market residential properties, besides releasing a guide book for affordable rental housing scheme for migrants. The minister launched ‘CREDAI Awaas App’ and NAREDCO’s online portal ‘’ through a video conference. Puri released the knowledge […]

FIRs against officials involved in registry of plots in illegal colonies: Haryana deputy CM

GURUGRAM: Now, government officials found involved in irregularities of registry of plots in unauthorised colonies won’t be let off with only suspension or departmental action. Criminal cases will be registered against them, deputy chief minister Dushyant Chautala said on Wednesday. The government will also initiate a vigilance inquiry against such officials. “The divisional commissioner of […]

SC allows sharing of resolution plan of Unitech

NEW DELHI: The Supreme Court on Friday said the resolution plan of the newly-constituted board for Unitech Ltd can be shared on its portal to solicit suggestions from the parties to help resurrection of the embattled real estate firm. A bench comprising Justices D Y Chandrachud and M R Shah, in a hearing conducted through […]

Existing government funded vacant houses to be utilised as ARHCs: Housing Minister

NEW DELHI: Hardeep Singh Puri, Minister, Housing and Urban Affairs (MoHUA) on Friday said that existing government funded vacant houses will be utilised as Affordable Rental Housing Complexes (ARHCs). Puri also said that the government will soon allow 100 per cent FDI in affordable rental housing. The minister further said that real estate sector will […]

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