News

Commercial building constructed on land marked for public utility partially demolished

The department of town and country planning (DTCP) on Friday partially demolished a four-storey building allegedly constructed over private land in an area marked for public utilities in Sector 100. Officials said almost 60% of the building, which was constructed without obtaining permission from authorities, was demolished by the enforcement team before the building’s owner […]

Delhi government to register construction workers from August 24

NEW DELHI: The Delhi government will launch a 15-day-long campaign starting Monday for registration of construction workers in all the 70 assembly constituencies in the city. Delhi’s Labour and Employment Minister Gopal Rai said the construction workers may apply to get registered with the Delhi Building and Other Construction Workers Welfare Board at these camps […]

Greater Noida authority expects Rs 603 crore from housing scheme

NEW DELHI: The Greater Noida authority is expecting a revenue of Rs 603 crore from 1480 housing units it has put on sale. With private developers missing deadlines, the authority is expecting to tap homebuyers looking for flats under government scheme. Under the open-ended scheme, where buyers have to apply online and will get the […]

Noida launches low-income housing scheme, but at a premium price point

NOIDA: In what appears to be a bizarre move at a time the real estate sector is struggling to recover from a prolonged slump, Noida has launched a scheme comprising 354 existing units, with base price at Rs 6,000 per sq ft. This is while thousands of ready flats are available in Noida within Rs […]

Over 600 of 916 EWS flats already booked: DDA

NEW DELHI: The DDA has received a good response to its online scheme for disposal of 916 flats in the EWS category, with 627 of those already booked, officials said on Saturday. The tentative cost of a flat is Rs 10.89-12.29 lakh after concession, the DDA said. “The DDA had launched an online scheme for […]

Gurugram: Volunteers help RWAs meet property tax collection target

GURUGRAM: A month after the municipal corporation of Gurgaon (MCG) had announced an incentive of 5% of the total property tax collected in the area — with a cap at Rs 50 lakh for the ward committees and Rs 5 lakh for RWAs, two RWAs have already crossed 80% of the benchmark and five have […]

Noida Authority allots 92 industrial plots for Rs 450 crore

NOIDA: Noida Authority has allotted 92 of its plots — 37-acre land chunks — in different sectors of Phase II area to multiple industrial players. Officials said the allotments under the industrial plot scheme, which concluded on Thursday, would yield into immediate investments of Rs 450 crore for Noida and also generate 8,900 job opportunities […]

HDFC lends Rs 2,600 crore to DLF & Hines’ joint venture project in Gurugram

NEW DELHI: HDFC has extended construction loan worth Rs 2,600 crore to Hines and DLF’s joint venture which plans to develop a commercial project in Gurugram, the company said in a media release. In its investor’s presentation recently uploaded in the BSE, DLF had said that construction credit lines have been sanctioned while approvals are […]

UP-RERA gives Parsvnath Developers, others one-month to settle all disputes

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has given one month’s time to Suncity Hi-Tech Infrastructures, Parsvnath Developers, Krishna Estate Developers and Krishna InfraHomes, Concept Horizon Infra, Wave Megacity Centre and Unibera Developers to settle all the orders of possession and refund as early as possible. All the promoters were asked to […]

Gurugram: Seven farmhouses being constructed in Budhera razed

GURUGRAM: Seven farmhouses being developed on 12-acre land in Budhera area were demolished by the enforcement team of town and country planning department (DTCP) on Monday afternoon. According to the officials, the farmhouses were developed by Verma Farms near SGT University without DTCP’s permission. “The seven farmhouses were being built violating several norms mentioned in […]

Noida launches low-income housing scheme, but at a premium price point

NOIDA: In what appears to be a bizarre move at a time the real estate sector is struggling to recover from a prolonged slump, Noida has launched a scheme comprising 354 existing units, with base price at Rs 6,000 per sq ft. This is while thousands of ready flats are available in Noida within Rs […]

Gurugram: Volunteers help RWAs meet property tax collection target

GURUGRAM: A month after the municipal corporation of Gurgaon (MCG) had announced an incentive of 5% of the total property tax collected in the area — with a cap at Rs 50 lakh for the ward committees and Rs 5 lakh for RWAs, two RWAs have already crossed 80% of the benchmark and five have […]

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