NEW DELHI: Max Estates, a subsidiary of Max Group’s listed entity, Max Ventures & Industries (MaxVIL), has leased 79,933 sq ft to Cyril AmarchandMangaldas (CAM) in Max Towers, Noida. The company has also leased about 7,300 sq ft to DBS. It had recently leased about 62,500 sq ft to Yes Bank. This takes the total […]
NEW DELHI: Markets regulator Sebi has imposed a Rs 40 lakh fine on Shri Ram Real Estate & Business Solutions and six individuals for illegally raising funds from the public through collective investment schemes. Sebi has found that the entity and individuals were engaged in fund mobilising activity from the public, which was in the […]
The Upper House of Parliament on Tuesday passed the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2021 to regularise unauthorised colonies in Delhi. The bill replaces the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Ordinance, 2020 which was promulgated by President Ram Nath Kovind on December 30, 2020. […]
NEW DELHI: Real estate developers have sought further clarification from the Noida authority after it put a restriction on buying and selling of plots in five Sports cities in Noida. The developers have said that each plot has details of facilities to be developed and authority must see that before issuing the completion certificate. “Every […]
NEW DELHI: The government introduced a bill in the Rajya Sabha on Monday, which seeks to replace the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Ordinance, 2020. Union Minister for Housing and Urban Affairs Hardeep Singh Puri introduced the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2021 in […]
GURUGRAM: Putting the onus of illegal construction on the developer, the department of town and country planning (DTCP) has directed DLF to disconnect illegal water and sewage connections. The developer was also directed to coordinate with the electricity department to disconnect the power connections. The illegal construction of multi-storey buildings on small plots allotted under […]
NEW DELHI: The Delhi Cooperative Housing Finance Corporation Limited has slashed interest rates on housing loans from 7.45 per cent to 6.75 per cent, an official statement said on Monday. The move comes days after the Delhi government reduced circle rates on properties by 20 per cent. Cooperative minister Rajendra Pal Gautam has instructed the […]
NEW DELHI: With less than 10 days remaining for home aspirants to apply for Delhi Development Authority’s Housing Scheme 2021, the land-owning agency has received 15,361 applications till date for the 1,354 mostly two-bedroom and three-bedroom flats on offer. The draw of lots to select successful applicants for the housing scheme is slated for March […]
GURUGRAM: Lack of sewage treatment plants (STPs) in BPTP Astaire Gardens in Sector 70A has left residents facing severe hygiene issues. They alleged that the developer has not built a centralised STP as promised but instead installed an STP with a capacity of 100 KLD for C-2 block in October last year. The residents argue […]
GHAZIABAD: The Allahabad high court has directed the Noida administration to ensure that a recovery certificate issued by UP-Rera is honoured by the builder who has failed to deliver a flat in time, “preferably within three months”. A reply to an RTI query has revealed that the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera), which […]
NOIDA: The Noida Authority has formed a committee to curb illegal commercial activity. From now, four officials on special duty, who are heading land, industries, institutional and group housing divisions in the Authority, will have to verify the actual status of a plot or a unit that is under the scope of probe before initiating […]
NEW DELHI: Persons in illegal occupation of government or panchayat land cannot claim regularisation as a matter of right, the Supreme Court has said. A bench of Justices D Y Chandrachud and M R Shah said regularisation of the illegal occupation of government or panchayat land can only be as per the policy of the […]
