Bhutani Infra to develop 16 million square feet in Noida, to invest Rs 5,000 crore

Noida-based real estate developer Bhutani infra will invest Rs 5,000 crore in developing 16 million square feet of Grade A office space in the next three years. Bhutani Infra is developing three projects – Alphathum, Grandthum and Cyberthum in Noida, which are at various stages of construction. The company, which has already delivered 5 million […]

Omaxe Chowk is an investment paradise in Delhi-NCR

The lifecycle of malls is a unique phenomenon in the commercial real estate segment. Birth, growth, maturity and decline – malls are as prone to life forces as the rest of us. Every mall goes through its years of glory, after which it plateaus and then declines in both revenue and footfalls, as newer malls […]

Ghaziabad: Residents of Shanti Nagar protest against demolition

GHAZIABAD: Residents of Shanti Nagar staged a protest at Ghaziabad Municipal Corporation’s (GMC) office in Navyug Market on Tuesday against a demolition drive being carried out by the civic body to free 1.3 hectares of land from encroachments. Officials said that over 100 illegal structures had come up on the encroached land parcel, which is […]

South Delhi civic body de-seals 185 properties: Mayor

NEW DELHI: The South Delhi Municipal Corporation on Tuesday started the process of de-sealing properties in residential areas with 185 of these being de-sealed on day one of the excercise. Mayor Anamika said that the SDMC has started the process of de-sealing, and 173 properties in the South Zone and 12 in the West Zone […]

Civic bodies in Delhi to resume sealing of over 13,000 illegal factories in residential areas

NEW DELHI: The municipal corporations are likely to resume the sealing and closure procedure of more than 10,000 factories operating illegally in residential areas. “The step-1 and step-2 for the closure of such polluting units were completed last year. The process of survey and closure was suspended in March due to the pandemic lockdown, but […]

CapitalLand in talks to develop 3 million sq ft warehousing space near Gurugram

NEW DELHI: Singapore-based CapitalLand is in talks to develop 3 million square feet of warehousing space in Sohna, near Gurgaon, as investors rush to invest in a segment that’s growing at a fast clip despite the economic slump owing to increasing demand from e-commerce companies, said two persons aware of the matter. The company is […]

UP RERA urges state to reduce stamp duty on property registration by 2%

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has requested the state government to reduce the stamp duty on property registration by two percentage points to help attract homebuyers amid unprecedented demand shrinkage caused by the pandemic. Additionally, it has also requested a flat Rs 2,000 registration fee for agreement-to-sale documents, which is […]

Gurugram: Check illegal construction in Chakkarpur, say DLF- 1 residents

GURUGRAM: Residents of DLF-1, which is located adjacent to Chakkarpur village, have raised concerns over rampant illegal constructions taking place in their neighbourhood for the past few months. “More than half a dozen buildings, each having over four floors, have cropped up during the lockdown period flouting all norms mentioned in the rulebook. These illegal […]

DDA to start on-site camp to hand out possession letters to allottees

The Delhi Development Authority (DDA) has started an on-site camp to give possession letters to allottees of its last year’s housing scheme. The camp will be held at Vasant Kunj in south Delhi on September 14 and 15. The allotment process, which had started last December, got stalled in March because of the coronavirus disease […]

Delhi: Illegal constructions in Okhla region are under scanner

NEW DELHI: Illegal constructions on the Yamuna floodplain in Okhla region are under scanner of the authorities. The Special Task Force (STF) has directed South Delhi Municipal Corporation (SDMC) and Delhi Development Authority (DDA) to remove encroachments in Okhla between the DND flyover and the sailing club. An SDMC official said the matter has been […]

Construction of Jaypee Kalypso Court resumes under UP-RERA’s new rehabilitation model

NEW DELHI: Construction of Jaiprakash Associates‘ (JAL) Jaypee Kalypso Court (Phase – II) resumed on Saturday under the Uttar Pradesh Real Estate Regulatory Authority’s (UP-RERA) new ‘rehabilitation model’ where buyers and promoters work together towards the completion of the project. “UP-RERA has been successful in implementing this approach to resolve the disputes and revive a stalled project. The […]

Property circle rates in Gurugram not to be tweaked this year

GURUGRAM: The district administration has proposed to keep the circle rates of properties unchanged for the second half of this fiscal, with the Covid pandemic battering the real estate sector that is already in the grip of a multi-year slump. If the state government approves the proposal, then the existing rates will continue in Gurgaon, […]

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