NEW DELHI: Desperate to generate more revenue, South Delhi Municipal Corporation has issued a circular to levy an additional compensatory regulatory charge at the time of sanctioning plans for new buildings as well as any addition/alteration. The highest slab of Rs 15,480 per square metre — for agricultural/low-density residential area (LDRA) land in A category […]
India Ratings and Research has affirmed Tata Housing Development Company’s Rs 1,200-crore commercial paper (CP) rating at IND A1+. The proceeds from the commercial paper will be utilised to fund any working capital mismatches and meet general corporate purposes. The ratings agency has counted continued strong strategic linkages with Tata Sons, strong brand and long […]
NEW DELHI: Realty major DLF has leased 210,000 sq ft of office space to US healthcare company Syneos Health, in one of the largest deals in commercial real estate in Delhi-NCR in recent times, three people aware of the development said. The company has taken space in DLF Downtown, an upcoming project in Gurgaon. The […]
GURUGRAM: Under pressure to take over DLF-1, 2 and 3 without further delay, the Municipal Corporation of Gurgaon (MCG) has directed the developer to submit a letter of commitment giving “the shortest possible deadline” for completing pending infrastructure work in the three licensed colonies. MCG chief Vinay Pratap Singh has also constituted a committee comprising […]
GURUGRAM: The Municipal Corporation of Manesar (MCM) will this week start demarcation of land under its jurisdiction to check the extent of encroachment. A meeting of the new team of MCM was recently chaired by municipal commissioner Vinay Pratap Singh to review the status of work. “We have completed the mutation of land under MCM. […]
GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) has come out with a scheme to recover external development charges (EDC) in phases, at a time when dues from builders in the city have crossed Rs 8,000 crore. A notification issued by the development authority said a builder applying for change in land use will have to […]
Canadian alternative investment major Brookfield Asset Management-backed Brookfield India Real Estate Trust has raised Rs 1,710 crore from 39 anchor investors including global institutional investors, insurance companies, mutual funds and long-only funds. Global entities including Schroders and Prusik apart from domestic financial institutions such as HDFC AMC, SBI Life, Tata AIG, HDFC Life, Kotak Mahindra […]
GURUGRAM: The department of town and country planning (DTCP) partly demolished 10 newly-constructed residential buildings in DLF-2 for zoning plan violations on Monday. The enforcement team, during a recent inspection, had observed that the builders had constructed rooms in the stilt parking area and carried out violations in the zoning plan. While seven of the […]
GREATER NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) will soon start handing over plots to farmers whose land was taken up for industrial development in the region over a decade back. The Authority will start work on executing the registry of 809 abadi resettlement plots within a fortnight. And in six months, more than […]
GURUGRAM: The Municipal Corporation of Manesar (MCM) has received records of 26 out of 29 villages under the civic body, officials said. As the records are being compiled, MCM has also started transfer of funds from these panchayats to the corporation’s account. However, Shikohpur, which is one of the richest villages under the newly formed […]
NEW DELHI: The Gurgaon bench of the Haryana Real Estate Regulatory Authority (RERA) has issued notices to Adani M2K Projects, a joint venture of Adani Realty and the M2K group, and property agent Naveen Associates for advertising a project without getting it registered with the authority. The Haryana RERA has also initiated penal proceedings against […]
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has allowed Jaiprakash Associates (JAL) to complete the long-stalled work of the project Jaypee Greens Knight Court in co-operation with Association of Allottees namely, ‘Knight Court Social Welfare Association’ within 15 months. The total cost of completing the remaining work of this project comes to […]
