NEW DELHI: Real estate developers should make investment in digital adoption for reducing their operational cost and improving end-products to deal with the challenge posed by the Covid-19 pandemic, according to consultancy firm Bain & Company. The outbreak of Covid-19 has adversely impacted the already weak consumer sentiment in the residential property market and the […]
GURUGRAM: Authorities on Tuesday swung into action and slapped notices on the developers of 50 illegal farmhouses in Gurugram’s Bandhwari area, the prompt response coming after the Supreme Court took cognizance of a TOI report about a hillock being flattened to build an access road to the unauthorised colony. At least four government agencies — […]
GURUGRAM: The department of town and country planning has issued a notice to the developer of Shree Vardhman Mantra residential project in Sector 67 for not providing electricity, water and sewerage connection to the residents. The homebuyers, around 800 families living in Vardhman Mantra, alleged the project has no occupation certificate and the residents are […]
NEW DELHI: Ashiana Housing has reported net consolidated loss of Rs 4.16 crore in the first quarter of the financial year 2020-21. It had reported a loss of Rs 5.15 crore in corresponding quarter previous fiscal, the company said in a BSE filing. The company’s net consolidated income stood at Rs 24.94 crore in Q1 […]
GURUGRAM: Barely 24 hours after issuing notices to the developers of 50 illegal farmhouses in the Bandhwari area of the Aravalis, authorities on Wednesday razed eight such properties. The remaining farmhouses, which are at different stages of construction, will be demolished on Thursday, officials said. The action by the department of town & country planning […]
NEW DELHI: The Supreme Court on Tuesday asked SBI Capital (SBI CAP) to begin funding for six housing projects of the Amrapali Group, after it informed the top court that so far, it has found only these six to be viable. A bench of Justices Arun Mishra and U.U. Lalit directed SBI CAP to begin […]
GURUGRAM: No action has been taken against 195 farmhouses in Raisina hills of Aravalis, even though the Haryana State Pollution Control Board (HSPCB) sent demolition notices to them two months ago, giving a three-day period to respond to it. The authorities were supposed to remove illegal structures after the notice was issued. Meanwhile, illegal construction […]
GREATER NOIDA: All future big housing and commercial projects in the twin cities of Noida and Greater Noida will need to have electric charging station on their premises, officials said. To encourage the usage of electric vehicles, the UP government has made the provision mandatory for all big-ticket projects coming up on more than 5,000 […]
GREATER NOIDA: Over the past fortnight, officials of the Greater Noida Industrial Development Authority (GNIDA) have seized six tractor-trolleys which were illegally dumping waste in its green belt. The drivers and cleaners of these vehicles disclosed the names of certain high-rise apartments located within Crossings Republik township in neighbouring Ghaziabad from where the garbage was […]
GURUGRAM: An entire Aravali hillock has been flattened to build an approach road for farmhouses being constructed in Bandhwari, around 1.5km off the Gurugram-Faridabad road. It’s the second disappearance of a hill in the Gurugram section of the ranges to come to light since 2018, the same year when the Supreme Court had learned that […]
NEW DELHI: The Supreme Court on Monday held that the flat buyers are entitled to compensation for “delayed handing over of possession” and for the failure of the developer to fulfil their promises with regard to amenities The top court set aside the verdict of the National Consumer Disputes Redressal Commission (NCDRC) which, on July […]
GURUGRAM: MCG on Sunday sealed two properties for non-payment of property tax dues of more than Rs 22 lakh. The first property is located in Sector 32 and has dues worth Rs 12.07 lakh, while the second property is located in Sector 49 and has dues worth Rs 10 lakh, officials said. The sealing drive […]
