prithvi estates

Interups Inc looks to acquire 2,000 high-end residential apartments in India

NEW DELHI: US-based Interups Inc, which invests in assets on behalf of investors, is looking to acquire 2,000 high-end residential apartments in India at a cost of $1 billion (about Rs 7,400 crore) at a time when the property market has been hit hard by the Covid-induced slowdown. The company has already signed an MoU […]

Gurugram: Malibu Towne builders under lens for green nod

GURUGRAM: The department of town and country planning, which has got an FIR registered against the developers of Malibu Towne, has pulled them up again for alleged misuse of community sites, commercial use of basements and demolition of a dispensary building. The developer has also been asked to submit details of the environmental clearance from […]

DLF signs on StanC in 1 of 2020’s largest deals in commercial real estate

New Delhi: DLF has signed one of 2020’s largest commercial real estate deals, and it’s with Standard Chartered as an anchor tenant in one of its upcoming projects in Chennai. This agreement assumes significance as Standard Chartered is committing to rent a sprawling space of 7.7 lakh square feet in the midst of the coronavirus […]

Gurugram civic body kicks off drone survey to identify panchayat land

GURUGRAM: The Municipal Corporation of Gurugram (MCG) started a survey using drones on Saturday to identify panchayat land in 39 villages it plans to take over. The villages, meanwhile, continue to oppose the decision to bring them under MCG’s jurisdiction. Officials said a total of 10 sq km of area was covered on Saturday and […]

Gurugram: Building rules flouted, DTCP goes to cops against owner

GURUGRAM: In a first, the department of town and country planning (DTCP) has filed a police complaint and recommended an FIR against the owner, architect and structural engineer of a building in DLF-2 for violating norms. In September 2019, the parapet wall on the building’s terrace fell on the adjacent house, due to which the […]

DTC board engages NBCC for development of prime land parcels

NEW DELHI: The Delhi Transport Corporation Board has decided to engage central government agency National Building Construction Corporation (NBCC) for development of prime land parcels and provide maternity leave of six months to women employees of the public transporter. Multi-level bus parking depots, residential colonies and other commercial facilities will be part of the development […]

Noida: Property sales record steady rise since May

Noida: Property sales in Gautam Budh Nagar have started gaining momentum as the district stamps and registration department generated a revenue of ₹130 crore last month. However, the department is far behind its revenue target for the current financial year, officials said. While the department had not registered any property in April due to the […]

Snag in online property registration, flat buyers hassled in Noida

NOIDA: After waiting for three-and-a-half years, Pooja Jaiswal, a resident of Delhi, was looking forward to moving into her new flat in a Sector 50 apartment. She arranged for the funds and paid the flat owner. She attempted to get her flat registered on October 19 since she wanted to do the transaction during Navratri. […]

Errors in database, glitches pause property registration in Haryana

GURUGRAM: Pankaj Jha, an IT firm employee, had applied for a home loan for a flat in a group housing society in March, but lockdown forced the bank to shelve his application. After Unlock 1 was announced, Jha re-applied for the home loan in July. But by the time the bank approved and disbursed the […]

H-RERA asks Spaze developers to pay Rs 2 crore to buyers for delay in flats delivery

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) on Thursday ordered a city-based developer to pay delay possession charges (DPC) of Rs 2 crore to homebuyers for failing to deliver flats in time. H-Rera chairman KK Khandelwal directed Spaze developers to pay the compensation to the homebuyers, while disposing of complaints by over 80 allottees […]

Rs 10 crore projects inaugurated in Noida

The Noida authority on Sunday started work on six projects estimated to cost Rs 10 crore. These include resurfacing roads and repairing drains and footpath in different sectors. Gautam Budh Nagar Member of Parliament Mahesh Sharma, Noida MLA Pankaj Singh and the Noida authority general manager Rajiv Tyagi inaugurated these projects. “Resurfacing of roads, repair […]

Gaurs Group clocks Rs 400 crore sales booking in Q2; marginal drop from last year

Realty firm Gaurs Group on Saturday reported a marginal 5 per cent fall in sales booking at Rs 401 crore during July-September, despite demand slowdown in the housing market due to the Covid-19 pandemic. The group reported sales booking of Rs 421 crore in the second quarter of 2019-20. “We are known for the timely […]

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