GURUGRAM: The comprehensive structural audit of Chintels Paradiso, where a cave-in of flats killed two residents on February 10, is expected to begin in a week, district administration officials said on Friday. The move comes amid severe criticism from residents, who have accused the government of dragging its feet on the critical exercise and moved […]
NEW DELHI: Indiabulls Real Estate Ltd (IBREL) has raised Rs 865 crore through issue of shares to institutional investors. The Mumbai-based firm had launched its QIP (Qualified Institutional Placement) issue on March 7 and closed it on April 12. In a regulatory filing, IBREL said that the fund raising committee of the board of directors, […]
GURUGRAM: Residents of Chintels Paradiso, where a cave-in claimed two lives on February 10, accused the district authorities of dragging their feet on submitting all the documents that would help IIT-Delhi to complete the structural audit of the buildings. Citing an interim report submitted by the IIT, the residents said neither the Gurgaon administration nor […]
NEW DELHI: iSprout; a managed office space provider, will take three lakh sq ft office space in total in Hyderabad & Bengaluru with the $4 million funds raised in the Pre-Series A round. The project will facilitate around 4,000 to 5,000 seats. “We aim at an aggressive expansion in prime Indian cities and iSprout is […]
The government is planning to set up a committee to assess various aspects of several stalled housing projects across the country that were launched before the enactment of Real Estate (Regulation & Development) Act, 2016 (RERA). The committee will provide a resolution and propose a future course of action to ensure that homebuyers get delivery […]
Almost four decades after developing Rohini as one of the three sub-cities in the national capital, the Delhi Development Authority (DDA) has now decided to develop commercial spaces lying unused for years, and have initiated steps to appoint a consultant to carry out a study and prepare a detailed plan for the vacant land parcels. […]
The Gurugram Metropolitan Development Authority (GMDA) will get 150 crore of external development charges (EDC) from the department of town and country planning (DTCP) this month, which will help speed up infrastructure projects in the city, said officials on Thursday. CEO of GMDA Sudhir Rajpal held a meeting with officials from DTCP on Tuesday, where […]
GURUGRAM: The deadline for the takeover of DLF-1, 2 and 3 has yet again been extended — this time, to May 31. But before that, the developer wants the residents of the three licenced colonies to clear the outstanding maintenance charges of Rs 70 crore, TOI has learnt. The decision to extend the takeover deadline […]
Landlords across malls and high streets are increasing rentals by 15-25% after a two-year hiatus when retailers either got significant discounts or converted minimum guarantee agreements into revenue-sharing due to falling footfalls amid Covid-19 and various restrictions. Several retailers saved nearly 20% of their annual lease during the last two years due to rent concessions, […]
The Yamuna Expressway Industrial Development Authority (Yeida) approved the Noida international airport’s development plan, officials said Thursday, paving the way for work to be accelerated at the site. According to officials, the development plan was approved at the Noida International Airport Limited’s (NIAL) board meeting that was held in Lucknow on Wednesday and was attended […]
Despite extending the window for applying for flats under the Delhi Development Authority (DDA)’s latest housing scheme, launched in January this year, the response has been muted with only 22,000 applications being received for the more than 18,000 flats on sale. The draw of lots for eligible applicants will be held on April 18, the […]
NEW DELHI: Credit rating agency ICRA on Monday said it expects the outlook for commercial real estate segment to remain stable during the current fiscal year. “ICRA expects the outlook of commercial real estate, both of the office segment and the retail malls segment to be stable for FY2023. The revision in the outlook for […]
