NOIDA: Construction of the first phase of Aqua Line’s extension towards Greater Noida (west) is likely to begin this year itself. A revised detailed project report of the five stations on the route has been approved by the state government. It has now been sent to the Centre for a final nod. Officials in the […]
NEW DELHI: Homeville, a financial technology startup in housing finance, on Thursday said it has raised USD 7 million (around Rs 51 crore) from investors including 9Unicorns, Varanium NexGen Fund, JITO Angel Network, and Blacksoil, to scale up mortgage platforms and strengthen technology infrastructure. Mumbai-based Homeville is founded by IIM alumni – Lalit Menghani, Madhusudan […]
The Delhi High Court Thursday dismissed a plea by Avantha Group promoter Gautam Thapar, arrested by the Enforcement Directorate in connection with a Rs 500-crore money laundering case, challenging his arrest on the ground that he was produced before the trial court after the expiry of statutorily mandated 24 hours. Thapar had approached the high […]
Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF-II), has invested Rs 110 crores in two mid income housing projects in Hyderabad and Chennai being developed by Krishnaiah Projects Pvt Ltd , part of the Bollineni group and Jain Housing and Construction. Project Zion, being developed by Krishnaiah Projects Pvt Ltd, is located in Chennai […]
NOIDA: Six group housing projects here have water dues worth Rs 16.77 crore pending for financial year 2021-22 and the Noida Authority on Tuesday issued recovery notices against them, officials said. Noida Authority CEO Ritu Maheshwari reviewed the revenue collection status with the Water Department during which six projects were found as “big defaulters” with […]
NOIDA: Some buyers of two projects of Shubhkamna group, where not a single flat has been delivered so far, have decided to take legal help against recovery proceedings initiated against them by banks for not paying successive EMIs. The two projects — Shubhkamna Techome in Noida Sector 137 and Shubhkamna City in Greater Noida — […]
NEW DELHI: Ahead of civic body polls next year, the BJP-ruled South Delhi Municipal Corporation (SDMC) has decided to roll back the hiked property tax rates for commercial rented establishments, educational institutions, banquet halls among others, officials said on Wednesday. The move will benefit traders and the business fraternity, considered the vote bank of the […]
GURUGRAM: The director of CHD Developers has been booked on the direction of a local court for allegedly collecting money from buyers in the name of a real-estate project and failing to hand over possession to them. The developer was accused of not completing the project despite several years of delay and taking most of […]
Home buyers are staring at further delay in delivery of stuck projects as procedural complexities, lack of consensus among stakeholders and absence of time-bound clearances from authorities hobble the push toward completion. Across the country, home buyers and financial institutions have been pinning their hopes on the dedicated bankruptcy court for resolution and a much-needed […]
NOIDA: Unoccupied plots have emerged as a major security concern in several sectors with some residents’ welfare associations urging the Noida Authority to impose hefty fines on the owners of such plots. The weed-infested vacant plots, most of which have turned into dumpyards, pose threat to the health of the residents by dint of their […]
GURUGRAM: NCR’s affordable realty market seems to be making an impressive rebound, despite the general gloom triggered by the pandemic. This inference can be drawn from the latest projections by real estate consultants Anarock and other industry experts that around 50,000 affordable homes, including 16,000 in Gurgaon, would be up for grabs by this year […]
GURUGRAM: Residents of Vatika G-21 are worried as the occupancy certificate for two towers in the Sector 83 upscale condominium has yet not been obtained by the developer. Their repeated pleas to the developer as well as multiple authorities over the past five years, the residents claim, have only fallen on deaf ears. Spread across […]
