prithvi estates

Gurugram: Ansal Fernhill buyers protest over 11-year delay in flat handover

GURUGRAM: A group of homebuyers from Ansal Fernhill, a housing project in Sector 91, on Saturday staged a protest against the developer over the delayed possession of their flats. Around 70 homebuyers, along with women, children and senior citizens, gathered at the project site in the morning, holding posters and raising slogans against the developer […]

Gurugram: DTCP sets up panel for takeover of Ardee City

GURUGRAM: The department of town and country planning (DTCP) has decided to take over Ardee City from its developer. It cancelled the licence of the colony earlier this month. For the takeover, DTCP has formed a five-member committee under the chairmanship of the senior town planner. Residents have welcomed the move and said they hope […]

Indiabulls Housing Finance sells stake worth Rs 251 crore in OakNorth

NEW DELHI: Indiabulls Housing Finance has sold stake worth Rs 251 crore in OakNorth Holdings, and the proceeds from the sale will be added to its equity capital, according to a regulatory filing. “Indiabulls Housing Finance Ltd has sold a portion of its stake in OakNorth Holdings Ltd (the wholly owning parent company of OakNorth […]

NBCC bags Rs 968 crore contract in Maldives to construct 2,000 flats

NEW DELHI: State-owned NBCC on Friday said it has bagged a Rs 968 crore contract, its biggest order in the overseas market, for the construction of 2,000 social housing in Maldives. In a regulatory filing, NBCC informed that it has secured the work order of construction of 2000 Social Housing at Hulhumale, Maldives on EPC […]

Noida authority cuts transfer charges by half for residential plots

NOIDA: Offering major relief to lakhs of residents, the Noida Authority board on Friday brought down transfer charges of properties. Residential plot owners and flat buyers entering the secondary market will have to pay 2.5% as charges now instead of 5%. Similarly transfer charges for other categories — commercial, industrial and institutional — have also […]

Gurugram: Over 50 shanties cleared from HSVP land in sector 5

GURUGRAM: The enforcement wing of Haryana Shehri Vikas Pradhikaran (HSVP) cleared around two acres of commercial land of encroachment in Sector 5 on Friday. The market value of the land is several crores. The land was acquired by HSVP a long ago, but remained undeveloped. Gradually, people encroached on the land and started commercial activities. […]

Indiabulls Housing repays Rs 7,075 crore of NCDs to investors in Sept 2021

NEW DELHI: Indiabulls Housing Finance (IBH) has repaid Rs 7,075.84 crores of non-convertible debentures (NCDs) to its investors in September 2021, the company said in a media release. The repayments comprised of Rs 6,575.84 crore of Public issue of NCDs done by IBH and ICCL in September 2016 and September 2018 respectively and Rs 500 […]

Dalmia Cement adds 2.25 MTPA capacity with an investment of Rs 325 crore

NEW DELHI: Dalmia Cement (Bharat), a cement manufacturer and a subsidiary of Dalmia Bharat, has commenced commercial production of Line 2, having a capacity of 2.25 million tonnes at its Kapilas Cement Manufacturing Works (KCMW) unit near Cuttack, Odisha. It has made an investment of Rs 325 crore for this addition, the company said in […]

Construction sites in Noida flout rules, but no action yet: Residents

NOIDA: A group of residents have flagged several violations of pollution norms at construction sites in the city and written to the Commission for Air Quality Management (CAQM), seeking its intervention. The residents alleged they hadn’t received any response from the Uttar Pradesh Pollution Control Board despite several tweets on the violations. “Winters are approaching […]

NGT seeks action on Aravali encroachments

GURUGRAM: The National Green Tribunal (NGT) has directed the Haryana and Rajasthan governments to take prompt action to remove illegal constructions and encroachments in the Aravalis. The states have been given three months to submit their action taken reports. The court was hearing a petition on Wednesday regarding illegal construction in ‘gair mumkin pahar’ of […]

Gurugram: Residents of Sare Homes fret as DHBVN threatens to snap supply

GURUGRAM: Residents of Sare Homes in Sector 92 are a worried lot. This is because power discom DHBVN has warned the developer, Ramprastha Sare, that the temporary electricity supply — given as a stopgap arrangement — could be snapped if it does not put the required infrastructure in place in the society. In a notice, […]

DMIC resettlement scheme gets nod, process to demarcate land to start soon

NOIDA: The rehabilitation and resettlement scheme for the families which will be forced to give up their properties to make way for the Delhi-Mumbai Industrial Corridor (DMIC) in Dadri, has been approved by the Meerut divisional commissioner. With this development, the district administration is now a step closer in starting the process of marking out […]

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