Gross leasing of office space across seven major cities declined 36 per cent in the first half of this calendar year as corporates deferred plans to expand amid uncertainties over the COVID-19 pandemic, according to realty consultant Colliers. “Office gross absorption across the top-seven cities touched 16.7 million sq feet, a drop of 36 per […]
NEW DELHI: After a gap of over 25 years, Central Public Works Department has removed the ban on use of timber in construction of buildings and habitat projects. The decision of the CPWD, the prime construction agency of the central government, comes after the Union Environment ministry asked the department to remove the ban, saying […]
NEW DELHI: A home-buyer will have to forfeit only the earnest money paid at the time of booking a flat and the builder has to refund the rest of the amount if the buyer decides not to take possession of a flat, the National Consumer Disputes Redressal Commission (NCDRC) has ruled. It also said one-year […]
NEW DELHI: The three municipal corporations on Tuesday extended the deadline for submitting property tax for the financial year 2019-20 till July 31. Taxpayers will continue to get the rebate of 15% given for timely payment even if they miss the initial deadline of June 30, according to an order issued by the assessment and […]
The new business environment caused by the ongoing Covid-19 pandemic is expected to hit the pace of investments into Indian real estate this year across various segments including residential, retail and even hitherto favorite commercial assets. Private equity inflows in 2020 is expected to be 45-50% lower from a year ago, expects property consultant Cushman […]
GURUGRAM: The department of town and country planning (DTCP) has asked the RWAs of six private colonies — Ardee City, Malibu Towne, Mayfield Garden, Vipul World, Uppal South end and Roose Wood City — to submit the details of infrastructure deficiencies in their colony within two days. This will help DTCP prepare a blueprint of […]
The department of town and country planning (DTCP) on Thursday carried out a demolition drive along the Delhi-Jaipur highway in Bilaspur area and razed multiple commercial structures such as showrooms, PG facilities, eateries and warehouses illegally constructed on agricultural land. These structures were raised in the past one year without any approval from the department, […]
The Municipal Corporation of Gurugram (MCG) sealed three buildings in DLF-1 on Wednesday after construction waste (malba) was found illegally dumped near them. The construction and demolition (C&D) waste management wing of the corporation has also issued challans to 85 people for violation of C&D waste management norms this month on the basis of complaints […]
Two months after the revenue department received a lukewarm response for registration of properties, it has now started gaining pace with 50 registries a day to 250 registries every day. “People have started coming for the registry of their apartments and houses after the Unlock 1.0. The real estate market, which had suffered a lot […]
NEW DELHI: In a bid to give reprieve to the property tax depositors in North Delhi, the Municipal corporation has extended the deadline of 15 per cent rebate till July 31. In an office order issued by NDMC, “It is informed to all concerned that date of deposit for property tax for the year 20-21, […]
GURUGRAM: Two months after the revenue department received a lukewarm response for registration of properties, it has now started gaining pace with 50 registries a day to 250 registries every day. “People have started coming for the registry of their apartments and houses after the Unlock 1.0. The real estate market, which had suffered a […]
GURUGRAM : Residents of Suncity in Sector 54 have alleged that the department of town and country planning (DTCP) conducted a demolition drive against unauthorised construction in the township on Friday without prior notice. An enforcement team demolished ramps and even water and sewer lines when residents were not present, they alleged. DTCP officials, however, […]
