News

Property brokers in Gurugram to move court against capping on brokerage

NEW DELHI: Real estate brokers in Gurgaon are planning to challenge in court a directive issued by the HaryanaReal Estate Regulatory Authority (RERA) capping the brokerage on real estate transactions at a maximum of 1%, a move that may have far reaching consequences for the broker community. Haryana RERA, in a directive last week, had […]

Auction of Amrapali Group’s properties to generate Rs 478 crore

NEW DELHI: State-run NBCC (India) is expected to raise Rs 478 crore by auctioning six assets of Amrapali group. The money will be used in completing the stuck projects of the real estate developer. The six assets that will be auctioned include floor area ratio with a reserved price of Rs 55 crore with capacity […]

Noida Authority GM inspects five sectors after RWAs highlight infra issues

NOIDA: Noida Authority GM Rajeev Tyagi visited sectors 50, 47, 28, 29 and 37 where RWAs demanded unsold shops be put on rent to facilitate local market, a bus shelter, a clubhouse, cleaning of vacant plots, repair of boundary wall and connecting small drain to the big drain in sector 47, FOB at sector 28 […]

Property tax can be filed till December 31 in Haryana

GURUGRAM: The deadline to file property tax has been extended to December 31. A one-time rebate of 25% will be given to owners, who have dues pending since financial year 2010-11, if they clear the same by December 31. “A one time rebate of 25% will be given for the property tax dues/arrears for the […]

No clarity on funds to complete Golf Avenue, say CHD homebuyers

GURUGRAM: The homebuyers of CHD 106, Golf Avenue in Sector 106 are unsure about the funds required for the completion of the project after the Haryana Real Estate Regulatory Authority (HRera) ordered a forensic audit of the accounts of the developer and floated the possibility of takeover by the buyers. In a recent order, HRera […]

HDFC Bank provides Rs 500 crore funding to Jewar Airport project

HDFC Bank has entered into an agreement to provide Rs 500 crore funding to the upcoming Jewar airport in Greater Noida. The funds will be utilized for infrastructure development and land acquisition for the proposed airport that will be Asia’s largest. The funding will be provided at interest cost of Marginal cost of funds based […]

Yamuna Expressway development body allocates 1,000 residential plots near Jewar

GREATER NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday allocated close to 1,000 residential plots. The Authority is expected to rake in Rs 336 crore through the latest residential scheme. The plots were in a lot of demand since the Authority received as many as 2,452 applications for 1,075 plots. As expected, the smaller […]

Property details in L&DO areas in Delhi go online

NEW DELHI: Property owners and buyers in areas falling under Land and Development Office (L&DO) such as Connaught Place, Chanakyapuri, Jor Bagh, Golf Links, Vasant Vihar and rehabilitation colonies including Defence Colony, Lajpat Nagar, Patel Nagar and Geeta Colony can access details of land title, current owner and the status online. The L&DO has put […]

Indiabulls Housing sells more stake in OakNorth Holdings for Rs 64 crore

NEW DELHI: Indiabulls Housing Finance Ltd has further sold a portion of its stake in OakNorth Holdings Ltd, the parent company of OakNorth Bank plc for around Rs 64 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company, Indiabulls Housing said in a regulatory filing. With […]

Haryana: DHBVN prohibits builders & RWAs to alter power meters to charge other fees

GURUGRAM: The Dakshin Haryana Bijli Vitran Nigam (DHBVN) has passed an order prohibiting builders and RWAs to make any changes in electricity meters of individual consumers to account for any other charges other than power consumption. Passing an order in response to a complaint filed by a flat owner of Uniworld Gardens-II alleging malpractice and […]

Plots along Yamuna expressway may cost more

GREATER NOIDA: Plots along the Yamuna Expressway are set to get dearer as the Yamuna Expressway Industrial Development Authority (YEIDA) has agreed to offer farmers who own the land currently on a par with rates being offered to villagers in Jewar. The authority has sought permission from the UP government to increase the purchasing rates […]

Gurugram exceeds target coverage of polio vaccine by nearly 15 percent

As part of a three-day intensified pulse polio immunisation (IPPI) drive, conducted earlier this week, an estimated 2,400 healthcare workers in the district immunised over 180,000 children under the age of five, by administering them drops of the oral polio vaccine (OPV). With this drive, the health department exceeded its target, pegged at covering 160,000 […]

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