GURUGRAM: NCR’s affordable realty market seems to be making an impressive rebound, despite the general gloom triggered by the pandemic. This inference can be drawn from the latest projections by real estate consultants Anarock and other industry experts that around 50,000 affordable homes, including 16,000 in Gurgaon, would be up for grabs by this year […]
GURUGRAM: Residents of Vatika G-21 are worried as the occupancy certificate for two towers in the Sector 83 upscale condominium has yet not been obtained by the developer. Their repeated pleas to the developer as well as multiple authorities over the past five years, the residents claim, have only fallen on deaf ears. Spread across […]
GURUGRAM: The district registrar has ordered an audit of the financial records of the owners’ association formed for the maintenance of Central Plaza Mall after several complaints of irregularities and siphoning off of funds. Last year, the office-bearers of the association were booked for alleged embezzlement of over Rs 12 crore. Located along Golf Course […]
NEW DELHI: Besides taking measures to collect advance property tax for the financial year 2021-22 from a maximum number of taxpayers, East Delhi Municipal Corporation (EDMC) has launched major action against long-term defaulters. It has served notices to over 35,000 taxpayers with outstanding tax since June 2021. EDMC issued 20,947 notices in Shahdara south and […]
GURUGRAM: Residents of Kendriya Vihar, who bought flats between 2011 and 2018 in the Sector 56 group housing society, will get back a major portion of the RWA membership transfer fee. In the seven years since 2011, the homebuyers had paid a one-time transfer fee of 1.5% of the prevailing circle rate. However, in 2018, […]
GURUGRAM: A group of homebuyers from Ansal Fernhill, a housing project in Sector 91, on Saturday staged a protest against the developer over the delayed possession of their flats. Around 70 homebuyers, along with women, children and senior citizens, gathered at the project site in the morning, holding posters and raising slogans against the developer […]
GURUGRAM: The department of town and country planning (DTCP) has decided to take over Ardee City from its developer. It cancelled the licence of the colony earlier this month. For the takeover, DTCP has formed a five-member committee under the chairmanship of the senior town planner. Residents have welcomed the move and said they hope […]
NEW DELHI: Indiabulls Housing Finance has sold stake worth Rs 251 crore in OakNorth Holdings, and the proceeds from the sale will be added to its equity capital, according to a regulatory filing. “Indiabulls Housing Finance Ltd has sold a portion of its stake in OakNorth Holdings Ltd (the wholly owning parent company of OakNorth […]
NEW DELHI: State-owned NBCC on Friday said it has bagged a Rs 968 crore contract, its biggest order in the overseas market, for the construction of 2,000 social housing in Maldives. In a regulatory filing, NBCC informed that it has secured the work order of construction of 2000 Social Housing at Hulhumale, Maldives on EPC […]
NOIDA: Offering major relief to lakhs of residents, the Noida Authority board on Friday brought down transfer charges of properties. Residential plot owners and flat buyers entering the secondary market will have to pay 2.5% as charges now instead of 5%. Similarly transfer charges for other categories — commercial, industrial and institutional — have also […]
GURUGRAM: The enforcement wing of Haryana Shehri Vikas Pradhikaran (HSVP) cleared around two acres of commercial land of encroachment in Sector 5 on Friday. The market value of the land is several crores. The land was acquired by HSVP a long ago, but remained undeveloped. Gradually, people encroached on the land and started commercial activities. […]
NEW DELHI: Indiabulls Housing Finance (IBH) has repaid Rs 7,075.84 crores of non-convertible debentures (NCDs) to its investors in September 2021, the company said in a media release. The repayments comprised of Rs 6,575.84 crore of Public issue of NCDs done by IBH and ICCL in September 2016 and September 2018 respectively and Rs 500 […]
