News

DLF to invest Rs 1,700 crore in office space, data centre

DLF will invest close to Rs 1,700 crore in developing about 3.7 million sq ft of office space and a data centre in Noida, a senior executive told ET. The real estate company has leased about 360,000 sq ft of space at the upcoming Noida IT Park to Singapore-based ST Telemedia Global Data Centres (STT […]

Firm covers ‘blast floors’ of Supertech’s twin towers in Noida

Edifice Engineering, the private firm contracted to demolish Supertech’s 32-storeyed twin towers—Apex and Ceyane—in Noida, has started covering some of the floors with pieces of white cloth to ready them. Officials of the company said that the floors are covered beforehand as an additional security layer. There are about 10 floors in each building where […]

Gurugram industries say prolonged power cuts causing losses

Industry owners of Manesar and Dharuhera on Thursday said they have been facing long power cuts for over a month now, resulting in production and supply loss. Members of the Industrial Model Township (IMT) Manesar Industrial Association on Thursday also met Haryana chief minister Manohar Lal Khattar and apprised him of their situation. Officials of […]

Companies should float their own NBFCs to fund road construction related project Nitin Gadkari

NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects. Gadkari further said the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry’s Power Finance Corporation (PFC) or […]

SpaceMantra looks to become unicorn company in the next two years

NEW DELHI: Anoop Kumar Mittal, founder of SpaceMantra, an online marketplace for the construction and interior industry, hopes to become an unicorn company in the next two years and is also planning to raise money in the next couple of months. In conversation with ETRealty, Mittal talked about the reasons to start a new venture […]

Embassy Group lease out 85,000 sq ft to Acsia Technologies in Trivandrum

NEW DELHI: Embassy Group has leased out 85,000 sq ft of office space in Embassy Taurus TechZone, Trivandrum to Acsia Technologies.Aditya Virwani, chief operating officer, Embassy Group, said, “While the omicron variant created some short-term hurdles, this is a testament to how demand for grade-A office spaces hasn’t been diminished by Covid-19 in the least. […]

Haryana: Soon, individual electricity connections to every flat in housing societies

GURUGRAM: Instead of a single-point connection, discoms in the state are considering giving individual connections to each residence in housing clusters such as highrise societies, officials said on Sunday. The move, they said, will ensure that every flat owner gets a separate electricity connection. This could potentially lower the tariffs paid by households by bringing […]

After boycott call, Haryana RERA chief meets RWAs to set conclave agenda

GURUGRAM: The Haryana Rera (H-Rera) held a meeting with representatives of about 50 RWAs in the city to discuss the overall agenda of an upcoming RWA conclave. The RWAs had earlier alleged that the agenda of the conclave and panellists were decided without any consultations or discussions with them and threatened to boycott the event. […]

Ghaziabad development body cancels two layout maps of projects on farmers’ land

GHAZIABAD: The layout maps of two projects in Crossings Republik were cancelled on Tuesday after the Ghaziabad Development Authority (GDA) found that the developers had included in their plans land belonging to some farmers. The inquiry against the developers was carried out on a complaint by councillor Rajendra Tyagi, who claimed that a group of […]

Delhi’s 3 MCDs in limbo till merger rules are laid out, say officials

The operations of Delhi’s three civic bodies were unchanged on Tuesday, after President Ram Nath Kovind’s assent and the Centre’s notification of the Delhi Municipal Corporation Amendment Act, 2022 (which paves the way for the unification of the three civic bodies municipal corporations), with senior functionaries clarifying that the Union home ministry will issue a […]

Noida authority to introduce new residential plot scheme next month

The Noida authority is set to introduce a residential plot scheme next month for residents who plan to build individual bungalows or villas. It will offer at least 500 plots from the well-developed sectors, sources said. The authority has readied 250 plots measuring 112 square metres (sqm) to 400sqm in Sector 151, adjacent to the […]

Blackstone’s Nucleus Office Parks ups 2022 leasing guidance on office demand rebound

Nucleus Office Parks, the operating platform for fully-owned office properties of India’s largest commercial real estate owner Blackstone Group, has revised its leasing guidance upward for the year led by robust uptick witnessed in demand owing to strong revival in business environment post the Covid19 pandemic. “The large-scale hiring across key sectors and return to […]

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