News

Recover 90% property tax dues in this fiscal year, Haryana government tells MCG

GURUGRAM: Highlighting the poor performance of the MCG in recovering property tax in last fiscal year, the department of urban local bodies (ULB), Haryana, directed MCG to recover at least 90% of the outstanding property tax dues in 2022-23. The ULB department has also directed the MCG to submit quarterly reports on its revenue and […]

Complaint filed against Noida authority for alleged irregularities in plot allotment

A farmer has filed a complaint against the Noida authority for allotting two residential plots to persons who are allegedly not eligible for the same. Last year, the authority allotted two residential plots, each measuring 162 square metres in Sector 151. After a delay of more than nine years, the Noida authority on February 14, […]

Structural safety guidelines prescribe 3-4 audits during construction: Khattar

Chief minister Manohar Lal Khattar on Friday released the structural safety guidelines, which developers have to follow during construction of high-rise projects in the state, at the concluding session of the Sewocon before addressing the gathering of RWA members. Khattar said according to the new guidelines, the developer will have to ensure structural audit of […]

Delhi RERA mandates registration if plot size exceeds 500 sq meters

The Real Estate Regulatory Authority (RERA) of Delhi has made it mandatory for the builder to register the project if the area on which the project is being developed exceeds 500 square meters, irrespective of the number of apartments built on it. Section 3(2) (a) of the RERA provides for an exemption from registration if […]

Gurugram: Increase in ground coverage for plots approved to curb building norm violations

GURUGRAM: In a major relief for property owners and home developers, the department of town and country planning (DTCP) has approved an increase in ground coverage for plots to curb building norm violations. With the increase in ground coverage, plot owners will be able to construct lifts, staircases and cut-outs without compromising the floor area […]

Ghaziabad municipal corporation brings in new property tax regime

The Ghaziabad municipal corporation is gearing up to implement the new property tax structure, the proposal of which will be presented before the executive committee in a meeting scheduled on Friday. According to the new tax structure, different colonies have been clubbed together based on per square feet of rental values on carpet area and […]

Haryana government allows more ground coverage on plots, relief for owners

The state government has amended the Haryana Building Code, 2017, allowing more ground coverage which will help in constructing more areas on plots owned by them, said the officials on Thursday. The move came as a major relief to the property owners, said the officials, adding that the government has also allowed single level basement […]

Embassy Group ties up with SAS Infra to develop three office projects in Hyderabad

NEW DELHI: Realty firm Embassy Group on Wednesday said it has partnered with SAS Infra to develop three premium office projects encompassing 14 million square feet in Hyderabad. “Embassy’s decision to re-enter Hyderabad marks growing confidence in its real estate landscape, buoyed by record hiring, major expansion plans by global IT, ITeS and BFSI firms […]

Haryana RERA to formulate guideline for handing over of projects to RWAs

Haryana Real Estate Regulatory Authority (HaRERA) will come up with a detailed guideline for handing over of projects to RWAs, formation of RWAs and obligation of builders. The authority in partnership with other departments is organising a conclave on RWAs to make them aware of the existing Act. “Lack of knowledge of provisions related to […]

SDMC mayor leads more ‘encroachment’ site visits

South Delhi mayor Mukesh Suryan inspected areas of Sarita Vihar, Jaitpur and Madanpur Khadar wards, all located on the periphery of the Okhla/Shaheen Bagh region, on Wednesday and reiterated his earlier statement that encroachment removal drives will be carried out in these areas in the coming days. Suryan said he will also visit Shaheen Bagh […]

MCG house approves renaming of Hero Honda Chowk to Eklavya Chowk

The Municipal Corporation of Gurugram (MCG) approved the renaming of Hero Honda Chowk on the Delhi-Gurgaon Expressway to Eklavya Chowk during a House meeting on Wednesday. The House also approved the renaming of 12 other junctions and stretches in the city. On April 6, MCG councillor from ward 27 Sudesh Rani proposed the renaming of […]

Omaxe raises Rs 440 crore from Varde Partners to expedite construction, expand business

NEW DELHI: Realty firm Omaxe on Tuesday said it has raised Rs 440 crore from Varde Partners to expedite construction of its existing projects as well as expand business. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial project in PPP […]

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