Delhi-NCR provides more than 50 mn sq ft REIT-worthy assets for around USD 6.5 bn value, according to a report by property consultant JLL. Report said that Indian HNI follow similar investment trends in real estate as their global counterparts. However, the allocation towards equity has been higher than the global trend. JLL’s ‘Private Wealth […]
GURUGRAM: Don’t get cheated by property dealers’ offer that you can buy a 50-sq-yard plot near Sultanpur lake for just Rs 5 lakh. The deal offered by many property dealers had landed several buyers in trouble. The buyers were offered plots in illegal colonies developed on a 10-acre agricultural land near Sultanpur lake. The enforcement […]
NEW DELHI: In move that signals the end of the row over new rental agreements between mall owners and retailers due to Covid-19, nearly all malls across India — barring one or two — have agreed to the terms and conditions that retailers have put forward. This will result in these retailers and restaurateurs, with […]
NEW DELHI: The CBI on Monday conducted searches at four locations after filing a case of illegal conversion of residential land to raise the swanky Ambience Mall in Gurgaon, officials said. The CBI has registered an FIR on the orders of Punjab and Haryana High Court which had termed the mall illegal. The High Court […]
NEW DELHI: A Delhi court has pulled up a subsidiary of Japanese designer lifestyle brand Miniso for non-payment of rent for leased property here during the COVID-19 lockdown, saying the company had no dearth of money and directed it to clear all arrears within seven days. The court said in its interim order that there […]
NEW DELHI: The Supreme Court Monday asked real estate firm Mahagun to deposit Rs 240 crore with the apex court registry by March 31, 2021 for the 40,000 square metre land sold to it by Amrapali Group.The top court which had earlier directed Mahagun Real Estate Pvt Ltd to deposit the money in six weeks […]
NEW DELHI: The NBCC informed the Supreme Court on Monday that it has completed construction work on 230 units and handed them over to the court-appointed receiver for the Amrapali housing project. During the hearing, the NBCC informed a bench comprising Justices U U Lalit and Ashok Bhushan that it has completed work on 230 […]
NEW DELHI: About 158 lakh Metric Tonne steel and 692 lakh metric tonne cement will be consumed in construction of all the houses sanctioned under PMAY-Urban as per estimates, said Hardeep Singh Puri, MoS, (Independent Charge), Ministry of Housing and Urban Affairs in a media release. The minister said that nearly 84 lakh MT steel […]
GURUGRAM: A recent letter by DHBVN, warning of punitive action against non-payment of electricity bills, has evoked concerns among the residents of Raheja Navodaya apartments in Sector 92. The order has come as a major blow for over 300 residents as they claim to be already reeling from financial and environmental damages for relying on […]
NEW DELHI: To provide relief to residents, South Delhi Municipal Corporation (SDMC) has decided to extend the date of its general amnesty scheme for payment of outstanding dues for all types of properties without any interest or penalty in all the categories till the end of this month. Under the general amnesty scheme, property holders […]
GURUGRAM: Residents of Ambience Lagoon Apartments have now written to PM Narendra Modi against the state government’s bill to allow the department of town and country planning (DTCP) to delicense any plot of land. Residents said delicensing will lead to conversion of green areas around housing complexes, as well as children’s playgrounds, into commercial areas. […]
GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) has started a survey via Geographic Information System (GIS) technology for a more accurate mapping of land surface area across the district. It will modernise the method of demarcating land. The decision was taken after GMDA officials came to know about illegal encroachments on land, which they had […]
