NEW DELHI: Sunil Vachani, chairman and managing director of Dixon Technologies, has bought a sprawling 1,250 square yard bungalow in Lutyens’ Delhi for around Rs 170 crore in one of the biggest residential transactions since the lockdown, two people aware of the deal said. At Rs 1.5 lakh per square foot, the deal is also […]
MUMBAI: MahaRERA in a recent order directed Conoor Builders to pay the owner of a flat in its Gateway project at Andheri west interest at marginal cost lending rate of SBI plus 2% for a nearly three-year delay in possession. The flat buyer’s lawyers pegged the amount at around Rs 60 lakh. MahaRERA member, Vijay […]
NEW DELHI: The Economic Offences Wing (EOW) of Delhi Police arrested three persons including a former financial adviser of Noida and Greater Noida Authority on the charges of duping Rs 20 crores from more than 20 aspiring property buyers/investors. The accused Aniel Kumar Saha, Aunirban Saha, and Ashok Kumar Sirohi are residents of Noida and […]
NEW DELHI: Sunil Vachani, chairman and managing director of Dixon Technologies, has bought a sprawling 1,250 square yard bungalow in Lutyens’ Delhi for around Rs 170 crore in one of the biggest residential transactions since the lockdown, two people aware of the deal said. At Rs 1.5 lakh per square foot, the deal is also […]
GURUGRAM: To check mushrooming of illegal colonies and prevent unauthorised construction, the department of town and country planning (DTCP) has decided to carry out at least 10 demolition and sealing drives in the city. For this, the district town planner (DTP) of the enforcement wing of DTCP, RS Batth, has prepared a list of show-cause […]
MUMBAI: Global alternative investment management firm Oaktree Capital Management has invested Rs 425 crores in 25 South, a prime sea-facing luxury residential development spread over 5.3 acres of land in central Mumbai’s Prabhadevi locality. The project is owned by the Hubtown Group and Singapore-based private equity firm the Rising Straits Capital, while realty developer the […]
NEW DELHI | MUMBAI: Occupancy at malls have still not reached pre-Covid level even after reduced rentals and a Covid-19 triggered churn amongst clients that saw top retailers grab marquee properties across the country, said a report by a real estate consulting firm. Vacancies at malls in NCR, Pune, Bengaluru, Chennai and Hyderabad have risen […]
NEW DELHI: The office market in top eight cities recorded transactions of 22.2 mn sq ft in the July – December 2020 period, whereas new completions were recorded at 17.2 million sq ft in the same period, according to a recent report by Knight Frank India. The year began on a high note with office […]
NOIDA: With several of its recent commercial, residential and institutional schemes ending in disappointment, the Noida Authority has decided to evaluate the land allotment rates in the city so as to rationalise them. And to do so, the Authority will invite a panel of chartered accountants, cost accountants and asset valuation firms. The decision could […]
GURUGRAM: Municipal Corporation of Gurugram (MCG) chief Vinay Pratap Singh has directed DLF, the developer of DLF-1, 2 and 3, to complete the pending infrastructure work in these licensed colonies by June this year for takeover by the corporation. The state government had directed the department of town and country planning (DTCP) director to transfer […]
NEW DELHI: Builders in the National Capital Region (NCR) are finding it difficult to sell-off their properties. The “age of unsold inventory”, the number of quarters for which the unsold inventory of a market or micro-market has existed there, is 23.5 quarters in NCR, according to a recent report by Knight Frank India. It is […]
NEW DELHI: A PIL has been moved in the Delhi High Court seeking to quash DDA’s agreement with real estate major DLF transferring to the company around 129 acres of land in west Delhi which was taken over from various industries purportedly to develop a green belt. The petition was listed before a bench of […]
