GURUGRAM: In the absence of any fixed source of income, the Gurugram Metropolitan Development Authority (GMDA) has proposed a slew of revenue generation measures to make itself financially self-reliant. The measures put up for the chief minister’s approval includes a 10% cess on property registrations and a 5% cess on new vehicle registrations in the […]
GURUGRAM: Construction activities are still going on in the protected Raisina hills of the Aravalis even though show-cause notices have been issued to the owners of several hundred farmhouses. No action, however, has been taken on the ground to remove the illegal structures, environmentalists said. A recent visit to the site by TOI showed that […]
GURUGRAM: After running from pillar to post for the past eight years to get better roads, residents of Ardee City have finally decided to take up the job themselves. As the colony was developed two decades ago, the internal roads of the colony are in urgent need of repair, the residents said. Residents have contributed […]
NEW DELHI: Hospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according to sources in know of the matter. This has been done in order to build a long-term sustainable business as the company has introduced some operational changes aligned with the current business realities, the sources said. This […]
NEW DELHI: Mindspace Business Parks REIT on Tuesday said it will raise up to Rs 200 crore through issuance of debentures on a private placement basis. The decision was taken at an executive committee meeting of K Raheja Corp Investment Managers LLP, manager to Mindspace Business Parks REIT (Mindspace REIT), according to a regulatory filing. […]
NEW DELHI: Facing a severe revenue crunch due to the ongoing pandemic, South Delhi Municipal Corporation’s executive wing has proposed an increase in the property tax rates by 2-5% for residential properties. Adopting various fiscal tightening measures, SDMC also plans to reduce the quantum of property tax rebates it gives to various categories of beneficiaries. […]
NEW DELHI: Facing a severe revenue crunch due to the ongoing pandemic, South Delhi Municipal Corporation’s executive wing has proposed an increase in the property tax rates by 2-5% for residential properties. Adopting various fiscal tightening measures, SDMC also plans to reduce the quantum of property tax rebates it gives to various categories of beneficiaries. […]
CHANDIGARH: Covid-19 has pushed up property tax arrears across all the 10 municipal corporations. According to information procured from the urban local bodies department, dues have been piling up and have now reached Rs 1,935.07 crore. These arrears have piled up over the past three years. Lack of coordination among civic bodies, staff and enforcement […]
Prime Minister Narendra Modi on Monday said that there was a trust deficit between builders and home buyers, and the Real Estate Regulatory Authority (RERA) Act was introduced to remove this problem. While inaugurating the construction of the Agra Metro project via video conferencing, Modi said, “People with wrong intentions brought disrepute to the entire […]
Canadian real estate investment firm BentallGreenOak has entered into an agreement with Piramal Realty to acquire part of its commercial development Agastya Corporate Park in central Mumbai’s Kurla locality for more than Rs 1,000 crore, said two persons with direct knowledge of the development. The deal marks the foray of BentallGreenOak, which is a part […]
NOIDA: Industrial allottees who are offered plots in Noida’s will no longer have to make one-time payment to secure adjacent unutilised land. The Noida Authority said that money for plots that are 10% bigger than what had been promised could be paid in instalments. The decision will reduce the discomfort of people who have booked […]
NEW DELHI: Realty developer DLF will make its rental yielding commercial assets ready for a REIT (Real Estate Investment Trust) ready by March 2022, a top company executive said. Ashok Kumar Tyagi, whole time director, DLF ltd said that the company will appoint an advisor soon and will be REIT ready in the next 12-15 […]
