News

DTC board engages NBCC for development of prime land parcels

NEW DELHI: The Delhi Transport Corporation Board has decided to engage central government agency National Building Construction Corporation (NBCC) for development of prime land parcels and provide maternity leave of six months to women employees of the public transporter. Multi-level bus parking depots, residential colonies and other commercial facilities will be part of the development […]

Noida: Property sales record steady rise since May

Noida: Property sales in Gautam Budh Nagar have started gaining momentum as the district stamps and registration department generated a revenue of ₹130 crore last month. However, the department is far behind its revenue target for the current financial year, officials said. While the department had not registered any property in April due to the […]

Snag in online property registration, flat buyers hassled in Noida

NOIDA: After waiting for three-and-a-half years, Pooja Jaiswal, a resident of Delhi, was looking forward to moving into her new flat in a Sector 50 apartment. She arranged for the funds and paid the flat owner. She attempted to get her flat registered on October 19 since she wanted to do the transaction during Navratri. […]

Errors in database, glitches pause property registration in Haryana

GURUGRAM: Pankaj Jha, an IT firm employee, had applied for a home loan for a flat in a group housing society in March, but lockdown forced the bank to shelve his application. After Unlock 1 was announced, Jha re-applied for the home loan in July. But by the time the bank approved and disbursed the […]

H-RERA asks Spaze developers to pay Rs 2 crore to buyers for delay in flats delivery

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) on Thursday ordered a city-based developer to pay delay possession charges (DPC) of Rs 2 crore to homebuyers for failing to deliver flats in time. H-Rera chairman KK Khandelwal directed Spaze developers to pay the compensation to the homebuyers, while disposing of complaints by over 80 allottees […]

Rs 10 crore projects inaugurated in Noida

The Noida authority on Sunday started work on six projects estimated to cost Rs 10 crore. These include resurfacing roads and repairing drains and footpath in different sectors. Gautam Budh Nagar Member of Parliament Mahesh Sharma, Noida MLA Pankaj Singh and the Noida authority general manager Rajiv Tyagi inaugurated these projects. “Resurfacing of roads, repair […]

Gaurs Group clocks Rs 400 crore sales booking in Q2; marginal drop from last year

Realty firm Gaurs Group on Saturday reported a marginal 5 per cent fall in sales booking at Rs 401 crore during July-September, despite demand slowdown in the housing market due to the Covid-19 pandemic. The group reported sales booking of Rs 421 crore in the second quarter of 2019-20. “We are known for the timely […]

Yamuna Expressway Industrial Development Authority to appoint consultant for Film City project

New Delhi: The Yamuna Expressway Industrial Development Authority (YEIDA) has invited proposals to appoint consultant to prepare a detailed project report for the upcoming Film City. The authority had earlier suggested three financial models for development of a 1,000-acre film city in Noida along the Yamuna expressway. “We have issued request for qualification and will […]

DLF pre-leases 7.7 lakh sq ft space in Chennai to Standard Chartered GBS

NEW DELHI: Realty major DLF’s rental arm has given on lease 7.7 lakh sq ft office space to Standard Chartered GBS in an upcoming commercial tower in Chennai to be constructed at a cost of around Rs 450 crore, a senior company official said on Wednesday. DLF Cyber City Developers Ltd (DCCDL), which is a […]

Office rentals in NCR slip by over 5% as companies relocate to cheaper locations

NEW DELHI: Office rentals in clusters of high-profile companies in Delhi-NCR have reduced by more than 5%, highest among top cities, following a move by companies to relocate to a cheaper location within the region, according to leading real estate consultants and brokers. The rentals dipped even as landlords across markets exhibited flexibility in providing […]

Upload land records of all villages by Oct 31: Gurugram deputy commissioner

GURUGRAM: Deputy commissioner has directed the revenue department officials to upload land records of all villages in the district online by October 31. The directions were given in a meeting chaired by the DC recently. DC Amit Khatri instructed the revenue department officials to work at a faster pace to complete the work of making […]

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 […]

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