NEW DELHI: REA Group has entered into a binding agreement to acquire a controlling interest in Elara Technologies, owner of Housing, PropTiger and Makaan web portals, in a deal that includes cash and newly issued REA shares, the company said in a media release. The transaction is expected to close in the current quarter. Elara […]
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 […]
State-run NBCC (India) Ltd has sold premium office space in South Delhi to the Pension Fund Regulatory and Development Authority (PFRDA) and the National Internet Exchange of India (NIXI) for Rs 214 crore in an auction. The space was sold at the World Trade Centre (WTC) that is coming up at South Delhi’s NaurojiNagar as […]
NEW DELHI: B K Birla group firm, Birla Estates, will invest Rs 550 crore todevelop about 700 high-end independent floors in Gurugram as it looks to enterthe NCR realty market, a top executive of the company said.The company had tied up with Delhi-based realtor Anant Raj todevelop residential township in a 73-acre land parcel in […]
NEW DELHI: Property registrations in Delhi have crossed the pre-Covid-19levels in September with the government collecting Rs 284.59 crore inSeptember 2020 compared to Rs 277.41 crore in September 2019, as per thegovernment records. The other two NCR markets, Noida and Gurugram, are also showing signs ofrecovery. In Noida, the property registrations have reached 80% of […]
Flexible office space operator Simpliwork Offices is looking to double up its space in NCR in a year, taking the total investment in the region to Rs 400-500 crore. The company has already signed two spaces in NCR and is in the final stages of signing leases for another two centres, bringing its portfolio to […]
GURUGRAM: Residents of DLF-2 and 3 have approached the department of town and country planning (DTCP) seeking action against rampant illegal construction going on in the area by some plot owners in violation of the building norms. Sudhir Wahi, a resident of DLF-2, said unauthorised construction being carried out by one of his neighbours, Parveen […]
NEW DELHI: US-based Interups Inc, which invests in assets on behalf of investors, is looking to acquire 2,000 high-end residential apartments in India at a cost of $1 billion (about Rs 7,400 crore) at a time when the property market has been hit hard by the Covid-induced slowdown. The company has already signed an MoU […]
GURUGRAM: The department of town and country planning, which has got an FIR registered against the developers of Malibu Towne, has pulled them up again for alleged misuse of community sites, commercial use of basements and demolition of a dispensary building. The developer has also been asked to submit details of the environmental clearance from […]
New Delhi: DLF has signed one of 2020’s largest commercial real estate deals, and it’s with Standard Chartered as an anchor tenant in one of its upcoming projects in Chennai. This agreement assumes significance as Standard Chartered is committing to rent a sprawling space of 7.7 lakh square feet in the midst of the coronavirus […]
GURUGRAM: The Municipal Corporation of Gurugram (MCG) started a survey using drones on Saturday to identify panchayat land in 39 villages it plans to take over. The villages, meanwhile, continue to oppose the decision to bring them under MCG’s jurisdiction. Officials said a total of 10 sq km of area was covered on Saturday and […]
GURUGRAM: In a first, the department of town and country planning (DTCP) has filed a police complaint and recommended an FIR against the owner, architect and structural engineer of a building in DLF-2 for violating norms. In September 2019, the parapet wall on the building’s terrace fell on the adjacent house, due to which the […]
