prithvi estates

Walton Street BlackSoil invests Rs 110 crore in Hyderabad & Chennai housing projects

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 authority issues notices to six societies over Rs 16.77 crore water dues

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: Buyers of Shubhkamna Group handed bank notice to take legal help

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 — […]

Delhi: SDMC to roll back hiked property tax rates for commercial rented properties

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: FIR against CHD Developers for delay in project

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 […]

Delivery of stuck realty projects may be delayed further over procedural snags

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 […]

RWAs urge Noida authority to penalise owners of vacant plots

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 […]

By December, 50,000 affordable homes may be on offer in NCR

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: Vatika G-21 flats handed in 2016, no sign of OC yet

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 […]

Gurugram: Central Plaza Mall owners’ association to face audit

GURUGRAM: The district registrar has ordered an audit of the financial records of the owners’ association formed for the maintenance of Central Plaza Mall after several complaints of irregularities and siphoning off of funds. Last year, the office-bearers of the association were booked for alleged embezzlement of over Rs 12 crore. Located along Golf Course […]

East Delhi civic body’s drive targets long-term property tax defaulters

NEW DELHI: Besides taking measures to collect advance property tax for the financial year 2021-22 from a maximum number of taxpayers, East Delhi Municipal Corporation (EDMC) has launched major action against long-term defaulters. It has served notices to over 35,000 taxpayers with outstanding tax since June 2021. EDMC issued 20,947 notices in Shahdara south and […]

Gurugram: Kendriya Vihar flat owners set to get refund of ‘excess transfer fee’

GURUGRAM: Residents of Kendriya Vihar, who bought flats between 2011 and 2018 in the Sector 56 group housing society, will get back a major portion of the RWA membership transfer fee. In the seven years since 2011, the homebuyers had paid a one-time transfer fee of 1.5% of the prevailing circle rate. However, in 2018, […]

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