News

Infrastructure work hit, takeover of DLF areas delayed: Gurugram civic body

GURUGRAM: The Municipal Corporation of Gurgaon (MCG) has decided to extend the deadline set for DLF to complete the pending civic infrastructure work in DLF-1, 2 and 3 for their handover to the corporation. “The deadline will be extended since there is shortage of manpower. No work was done in the last two months due […]

Phoenix Mills, Canada Pension Plan Investment to form JV to develop retail centre

NEW DELHI: Retail mall developer Phoenix Mills and Canada Pension Plan Investment Board (CPP Investments) on Saturday said they have agreed to form a joint venture to develop a regional retail centre in Alipore, Kolkata. CPP Investments will invest approximately Rs 560 crore in the JV – – Mindstone Mall Developers Pvt Ltd — in […]

Noida panel to speed up rehabilitation to clear Jewar airport land

GREATER NOIDA: With the number of Covid cases showing a downward trend, the local administration is looking at speeding up work on big-ticket projects announced by the Yogi Adityanath government. On Friday, eight deputy collectors and one tehsildar were appointed by the Gautam Budh Nagar district magistrate to facilitate the resettlement process of families affected […]

Ernst and Young leases 115,000 sq ft office space in Noida

Global consultancy firm Ernst and Young (EY) has leased 115,000 sq ft office space at Noida’s Advant Navis Business Park, three people aware of the development, said. According to one person, the office space is part of the company’s expansion plan. EY was in talks with Advant for more than six months and deal was […]

NGT refuses to allow brick kilns in NCR during monsoon months

NEW DELHI: The National Green Tribunal (NGT) has junked a plea seeking a review of its order banning operation of coal-fired brick kilns in the NCR beyond June during the monsoon months. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said that under the garb of a review, a party cannot be permitted […]

At consumer forum, long wait for Noida homebuyers

NOIDA: Shashi Gopal booked an apartment at Palace Heights, a housing society project in Noida Extension’s Sector 1, nearly a decade back. In 2018, he moved the National Consumer Disputes Redressal Commission (NCDRC) seeking refund on the ground that the developer has not been able to deliver the project even after seven years. Though NCDRC […]

Noida panel to speed up rehabilitation to clear Jewar airport land

GREATER NOIDA: With the number of Covid cases showing a downward trend, the local administration is looking at speeding up work on big-ticket projects announced by the Yogi Adityanath government. On Friday, eight deputy collectors and one tehsildar were appointed by the Gautam Budh Nagar district magistrate to facilitate the resettlement process of families affected […]

Face fine for defunct rainwater harvesting system at society in Gurugram

GURUGRAM: The district administration has directed residential societies, institutions, schools and other establishments to ensure proper functioning of the rainwater harvesting on their premises by June 15. The directions have been issued so that the system is effectively operational during the monsoon season. The teams of the district administration will conduct checks after June 15 […]

Greater Noida development body extends PMAY application deadline to June 25

GREATER NOIDA: GNIDA has failed to get adequate applications for the Pradhan Mantri Awas Yojana (PMAY) scheme. Against 10,000 flats proposed to be built under the scheme, the authority has received only 760 applications. Launched in January this year, the Authority has extended the application deadline now from April 24 to June 25. While Covid […]

Residential realty demand to touch pre-pandemic level only after FY23: Report

NEW DELHI: Improved affordability and continuing work-from-home will increase demand for residences by an average 5-10% (in terms of area) on-year in India’s top six cities this fiscal. But two of these – Mumbai and Pune – could see demand contracting because of a higher base of last fiscal, while the rest should see a […]

Jaypee home buyers feel legal battle has become an unending story

NEW DELHI: Jaypee homebuyers once again seem to be in limbo as on May 24 the Committee of Creditors (COC) have decided to defer the voting process on Suraksha group’s bid whereas State-owned NBCC’s bid was rejected too for being non-compliant despite its assurance that, the bid it made was fully compliant as per the […]

NGT asks government to issue SOP to states on environment norms in construction projects

Noting continuous violation of environment norms in construction projects, the NGT has directed the government to consider circulating standard operating procedure (SOP) to all State Environment Impact Assessment Authorities (SEIAAs) for such activities. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel passed the order while hearing a case against order of Maharashtra SEIAA […]

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