prithvi estates

Brookfield close to buying 2 NCR assets of Bharti Realty near Delhi airport and Gurgaon for about $1 billion

Canada’s Brookfield, one of the world’s largest alternative asset managers and investors with $600 billion of assets under management, is close to buying Bharti Realty’s upscale commercial properties near Delhi airport and Gurgaon for around $1 billion, said people aware of the matter. “Brookfield is the clear frontrunner to buy Bharti Realty’s commercial real estate […]

Allottees in Noida to get extension of six months due to lockdown

NOIDA: To complete construction work on their plots, all allottees in Noida will be offered a time extension of six months at no additional cost. The condition, officials said, is that they should have been allocated the plot by Noida Authority before July 2 last year. Acting on the demand of the allottees, the Authority […]

Delhi: 32 construction sites fined under anti-dust campaign in three days

NEW DELHI: Environment minister Gopal Rai on Saturday carried out a surprise inspection of an under-construction commercial complex near Khyber Pass as part of the Delhi government’s anti-dust campaign. While the minister was happy with the measures being undertaken at the construction site to handle dust pollution, he said 32 construction sites out of the […]

Gurugram: Only one access road & that too blocked, Vipul Lavanya RWA writes to DTCP

GURUGRAM: The RWA of Vipul Lavanya, a housing society in Sector 81, has written to the department of town and country planning (DTCP) complaining that a developer has constructed three cemented blocks in the middle of their approach road. This is not only causing an obstruction for residents using the road, but also poses a […]

RBI maintains status quo for eighth time; retains repo rate at 4%

MUMBAI: The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance even as the economy is showing signs of recovery after the second COVID wave. This is the eighth time in a row that the Monetary Policy Committee (MPC) headed by […]

Gurugram: Councillors to raise takeover of private colonies in Oct 11 meeting

GURUGRAM: Municipal Corporation of Gurgaon (MCG) councillors will again raise the issue of takeover of private colonies by the civic body in the next House meeting, which is slated for October 11 (Monday). The meeting will take place in John Hall, Civil Lines at 11am. The councillors are likely to discuss various issues, including metering […]

Uphaar fire tragedy: Delhi court convicts Sushil & Gopal Ansal for evidence tampering

NEW DELHI: A Delhi court on Friday convicted real estate barons Sushil and Gopal Ansal for tampering with evidence in the 1997 case of Uphaar Cinema fire which claimed 59 lives. Chief Metropolitan Magistrate Pankaj Sharma also held a former court staff Dinesh Chand Sharma and two other people, P P Batra and Anoop Singh, […]

Ghaziabad: 10 property dealers sold GMC land set aside for CM project, finds panel

GHAZIABAD: A four-member committee set up by the Ghaziabad district magistrate to look into illegal sale of government land has identified 10 property dealers who allegedly sold plots earmarked for a project whose foundation stone was laid by the chief minister. Many of the families who were sold the plots also built houses on them. […]

Organised retail real estate stock may rise 28% to 82 million sq ft by 2023: Report

NEW DELHI: Organised retail real estate stock is expected to rise 28 per cent to 82 million square feet by 2023 across six major cities, according to CBRE. In its report titled ‘India Retail Reboot 2021’, CBRE South Asia said India’s organised retail stock has reached 64.3 million sq ft as of H1 2021 and […]

Noida authority cuts secondary property transfer charges to 2.5%

NOIDA: Families looking to buy secondary market property in Noida will have to pay only 50% of transfer charges from Friday. The Noida Authority on Thursday issued an order, reducing the property transfer charges to 2.5% from 5%, a day after the minutes of its September 24 board meeting were approved by the state government. […]

Construction waste from sites to be disposed at C&D plant only: EDMC

NEW DELHI: Aimed at curbing pollution, the East Delhi Municipal Corporation on Wednesday issued an order making it mandatory to dispose construction and demolition waste generated at sites of construction or renovation of buildings at a designated waste processing plant only. East Delhi Mayor Shyam Sunder Aggarwal said earlier 68 designated points were earmarked in […]

Housing sales up 92% in July-Sep across eight top cities: Report

NEW DELHI: Housing demand has breached pre-COVID levels with 92 per cent year-on-year growth in sales during July-September period units across eight major cities, mainly on the back of stable prices, very low mortgage rates, property consultant Knight Frank India said on Monday. Releasing its India Real Estate Update for Q3 (July-September quarter) of the […]

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