GURUGRAM: The Faridabad municipal corporation on Monday resumed action against farmhouses built on forest land and partially demolished 39 of them in Anangpur village. These houses, built in the vicinity of Kant Enclave, violated provisions of the Punjab Land Preservation Act (sections 4&5) and had been asked by the Supreme Court to be demolished. Civic […]
NEW DELHI: Godrej Properties has acquired 43.61 acres (17.65 hectares) land parcel from BPTP in Faridabad. The project will have plotted development potential of about 1 million sq ft This is company’s first plotted development project in the National Capital Region (NCR). Godrej Properties had recently said that they will acquire 26.58 acres land in […]
GURUGRAM: The state government on Tuesday ordered a special audit of the municipal corporations of Gurugram and Faridabad over allegations of financial irregularities. Officials said that urban local bodies minister Anil Vij sanctioned the audit after complaints received by his department indicated the civic bodies had released payments to some contractors without completion of projects, […]
Allegations of registration of properties during the lockdown without obtaining the mandatory no-objection certificates (NOCs) points to lapses on the part of the town and country planning department as well as the urban local bodies department. It is alleged that over 25,000 sale deeds were registered without taking NOC from these departments following connivance between […]
NOIDA: Thousands of Jaypee Wish Town homebuyers are at their wits’ end as no construction work has taken place at the project site in the past 5-6 months. This, despite the National Company Law Appellate Tribunal (NCLAT) giving conditional approval to the state-owned NBCC to complete the pending 20,000 Wish Town flats in April. A […]
GURUGRAM: The developer of Ardee City in Sector 52 is likely to face action for delay in the execution of registry of the homes of around 300 families. These families have been waiting for the rightful ownership of their houses for over a decade now. Now, the department of town and country planning (DTCP) has […]
HYDERABAD: The top five Indian cities of Bengaluru, Mumbai, Chennai, Hyderabad, and Kolkata have suffered a steep fall of 54% in office space absorption and a 71% decline in new residential launches during the second quarter of the year ended June thanks to Covid-19 outbreak. The five major cities saw absorption of around 4.42 square […]
Bangalore/ Mumbai: The Reserve Bank of India’s decision to extend a one-time restructuring term loans with up to 2 years moratorium is expected to provide a breather to stressed real estate developers and individual borrowers in the housing segment alike. The one-time restructuring of loans without classifying them as non-performing assets (NPAs) will be based […]
NOIDA: Properties worth Rs 17.25 crore belonging to “builder mafias” were attached by the Gautam Buddh Nagar police in connection with illegal constructions in Greater Noida’s Shahberi, officials said on Friday. Proceedings were launched against eight builders and their properties attached under Section 14 of the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act, 1986, […]
NEW DELHI: Housing demand will see an uptick once revival of Indian economy starts and prospective home buyers feel secure about their jobs, property consultant JLL India on Wednesday said.The consultant said that reduction in housing prices, lower home loan interest rates and attractive payment plan might not be sufficient to revive demand, which has […]
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 […]
NEW DELHI: The Reserve Bank of India (RBI) on Thursday provided an additional standing liquidity facility (ASLF) of Rs 5,000 crore to National Housing Bank (NHB). This is over and above Rs 10,000 crore already provided for supporting housing finance companies (HFCs). The facility will be for a period of one year and will be […]
