News

RLDA aims to earn Rs 1,904 crore from leasing out 16 railway land parcels

NEW DELHI: The Rail Land Development Authority (RLDA) has called for bids for leasing out 16 land parcels across the country with the aim of generating revenue of around Rs 1,904 crore. Prominent among these 16 sites are Boulevard Road Colony in Delhi, Ramgarh Tal Colony in Gorakhpur, Lucknow Railway Station Redevelopment, and plots at […]

Stamp duty, registration fee waiver for Noida airport’s land lease

NOIDA: The Uttar Pradesh Cabinet on Friday decided to waive stamp duty and registration fees for leasing of land by the government agency Noida International Airport Limited (NIAL) for the first phase of an upcoming airport. The decision was taken during a meeting chaired by Chief Minister Yogi Adityanath in Lucknow, according to an official […]

ED attaches properties worth Rs 365.94 crore of Adarsh Group, Riddhi Siddhi Group

NEW DELHI: The Enforcement Directorate (ED) on Friday said that it has attached properties worth Rs 365.94 crore belonging to the Adarsh Group of Companies, firms, LLPs, Riddhi Siddhi Group of Companies, firms, AOPs and others. The ED said that attached immovable and movable assets are in the form of agricultural, residential, commercial land parcels […]

Max Estates raises Rs 240 crore for commercial project in Noida

Max Estates, the real estate arm of Max Group, has raised Rs 240 crore from Induslnd Bank for its upcoming commercial project on the NoidaExpressway, which will offer both office and retail spaces, a senior company executive said. With this fund raise, the company has achieved financial closure of the Rs 415 crore project spread […]

M3M India settles case with Sebi; pays over Rs 6 lakh

NEW DELHI: M3M India Pvt Ltd on Thursday settled with markets regulator Sebi a case of alleged failure to submit the financial result, by paying over Rs 6 lakh towards settlement charges. It was alleged that the firm failed to submit the half year result for the period ended September 30, 2020. As per the […]

Need to promote construction of green buildings in India: Government

NEW DELHI: The development of green buildings should be promoted across the country and a campaign should be run to create awareness that difference in construction costs for such properties and conventional ones is marginal, a senior government official said on Thursday. Addresing a webinar, Surendra Kumar Bagde, Additional Secretary, Ministry of Housing and Urban […]

Registration of 26 projects of Supertech has lapsed; refund issued only in 101 cases

NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) reviewed the compliance of the orders passed against the complaints of allottees of pending projects and the progress of the promoter’s projects of Supertech. The review meeting was chaired by Rajive Kumar, chairman, UP-RERA. The authority has passed 282 orders against the company for refund of […]

Gurugram: Nine illegal farmhouses in Aravalli Hills demolished

GURUGRAM: As many as nine illegal farmhouses built in the forested Aravalli Hills region at Raisina village here were razed by a team from the Municipal Council of Sohna on Wednesday. The demolition drive was carried out at nine illegal farmhouses which included a boundary wall, teen shades and pillar. It was done in compliance […]

Delhi government grants Rs 10,000 each to 1,825 construction workers

NEW DELHI: The Delhi government on Wednesday granted Covid relief disbursement of Rs 10,000 each to 1,825 construction workers registered under the Delhi Building and Other Construction Workers Welfare Board, according to an official statement. The construction workers, registered with the board before September 30, would have to renew their membership to be eligible for […]

Over 100 farmhouses demolished on Gurugram outskirts in one year

GURUGRAM: With unscrupulous builders targeting the city outskirts to carve out illegal farmhouses amid the pandemic, the department of town and country planning (DTCP) has stepped up its action against such illegal constructions on agricultural land in areas like Sohna and Wazirpur. In fact, in the past one year, the department’s enforcement team has razed […]

Gurugram civic body starts survey to track business units in residential areas

GURUGRAM: MCG has started a fresh survey to identify commercial establishments running illegally in residential areas. Officials said these establishments are not adding to the revenue of the civic body since it cannot issue trade licences to commercial units set up in residential areas according to the law. After collating the data of such establishments, […]

Suraksha group gets lenders, homebuyers’ approval to buy Jaypee Infratech

NEW DELHI: Mumbai-based Suraksha group on Wednesday received the approval of financial creditors and homebuyers to takeover debt-laden Jaypee Infratech Ltd (JIL), a development that raises hopes for homebuyers in getting possession of their flats after many years of delay. The 10-day-long voting process on the takeover proposals submitted by NBCC and Suraksha group ended […]

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