News

Assembly panel tells Noida authority to allow work on Sport City projects to begin

NOIDA: There might be light at the end of the tunnel for 15,000 homebuyers in Noida’s Sports City projects, which have been stalled for not meeting the basic licence requirement of sports infrastructure being developed along with housing projects. Work on Sports City projects, which are also mired in complications caused by the sub-leasing of […]

Nearly 470 flats, 1,200 plots are up for grabs as YEIDA rolls out new schemes

NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) has launched two residential schemes, offering people a chance to secure their homes near the upcoming Noida International Airport. The flat scheme offers 468 flats, while the plot scheme offers 1,184 plots from 120-2,000 sqm in size. For the plot scheme, applicants will have time until September 1 […]

Gurugram RWAs seek security for domestic helps

With hundreds of migrant workers leaving the city amid threat of violence from right-wing organisations, residents’ welfare associations (RWAs) in at least 10 areas of Gurugram met deputy commissioner Nishant Kumar Yadav on Tuesday and sought security for those migrants who work as domestic helps in their colonies. They have also alleged that certain individuals […]

Yeida launches scheme for 1,184 plots near Jewar airport

The Yamuna Expressway industrial development authority (Yeida) launched a residential plot scheme on Tuesday, allowing buyers to apply for a total of 1,184 plots near Noida International Greenfield Airport, which is being developed at Jewar along the Yamuna Expressway, according to officials aware of the matter. Buyers can apply for the plots beginning August 8 […]

Galaxy Group leases land from RLDA for Rs 356 crore to develop project in Lodhi Colony

NCR-based Galaxy group has leased a land parcel from the Rail Land Development Authority (RLDA) for Rs 356 crore for a residential development in South Delhi’s Lodhi Colony. The developer is expected to invest another Rs 1,000 for development of projects including flats for railway staff. “Delhi has a lot of potential for modern construction […]

Ghaziabad: About 5,000 multi-storey flats on single-unit plots in Vasundhara, finds survey

GHAZIABAD: An independent survey rolled out on the direction of the Meerut divisional commissioner to identify illegal constructions across Vasundhara township has identified at least 5,000 multi-storey buildings that have come up on single-use plots. A report prepared by the committee, formed after the DC’s office received multiple complaints on the violation of land use, […]

Handing over ‘nearly ready’ flats part of revival strategy

NEW DELHI: A 14-member expert committee on stalled real estate, headed by Amitabh Kant, has recommended a slew of measures to revive them, including handover of flats on an “as is where is basis” in projects that are nearly ready with homebuyers exempted from paying the remaining dues to the builder. It has suggested financing […]

DTCP notice to 350 more house owners for running business units in Ggm

Gurugram: Continuing its drive against illegal commercial establishments in private licenced colonies, the enforcement wing of the department of town and country planning (DTCP) issued over 350 show cause notices to property owners on Friday and Saturday for allowing such units in their properties. DTCP officials said overall, 700 notices have been issued to violators […]

Nuh admin demolishes 50 properties of ‘suspects’ involved in violence

The Nuh administration, with the help of police, on Friday demolished over 50 houses in 10 localities that allegedly belonged to, or were used by, suspects involved in the communal clash on Monday, which left six dead and 70 injured, said police. Police said the houses either belong to the suspects or were used by […]

Brookfield India REIT raises over Rs 2,300 crore through QIP of units

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has completed a capital raise of Rs. 2,305 crore through a Qualified Institutional Placement (QIP) of units. Proceeds from the placement will be directed toward financing the announced acquisition of two large commercial assets from Brookfield Asset Management’s private real estate funds. The issue committee […]

Handing over ‘nearly ready’ flats part of revival strategy

NEW DELHI: A 14-member expert committee on stalled real estate, headed by Amitabh Kant, has recommended a slew of measures to revive them, including handover of flats on an “as is where is basis” in projects that are nearly ready with homebuyers exempted from paying the remaining dues to the builder. It has suggested financing […]

GMDA CEO inspects work to upgrade Gurugram’s MG Road

Gurugram Metropolitan Development Authority (GMDA) CEO PC Meena on Friday visited MG Road and inspected a 100-metre stretch which is being redeveloped as part of the ₹11 crore project to upgrade MG Road from Iffco Chowk to Sikanderpur Metro station. As part of the road beautification project, pedestrian paths, cycle tracks, green cover, organised parking and […]

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