News

Uttar Pradesh RERA hires company to find a way out of land dues logjam

NOIDA:: To resolve the deadlock between real estate companies and the development authorities of Noida and Greater Noida over legacy land dues of nearly Rs 39,000 crore, UP Rera has hired a consultant that will prepare a report in a month’s time suggesting a possible roadmap. The deadlock has halted registries across residential societies in […]

Ghaziabad hikes house tax by 10%; bills to come by end of April

The municipal corporation estimates that revenue will increase by approximately 50 crore due to the increase in house tax. Nearly 661,000 households in Ghaziabad, who will get their house tax bills for 2023-24 by the end of April, will get a higher invoice than last year because the Ghaziabad municipal corporation has raised the house […]

Property gets dearer in Gurugram as circle rates are hiked by up to 30%

Property rates are set to go up in Gurugram as the district administration has hiked the circle rates in the entire district by up to 30%. The order issued by district collector, Gurugram, on April 3 said there has been a 20% hike in rates for residential, agricultural and commercial properties in Gurugram tehsil while […]

Noida: 40% flats registered, 13% housing projects got completion certificates

NOIDA: The extent of the city’s flat registry stalemate, as many homebuyers find themselves unable to get deeds for their properties because of the standoff between builders and the government on dues, is evident from data uploaded recently by the Noida Authority on its website. It shows that of the 1.3 lakh flats sanctioned in […]

Amazon leases over six lakh sq ft of office space in Bengaluru

Amazon Development Centre has renewed its lease for a 6.5 lakh sq ft office space in Bangalore to expand its operation in one of the most significant office transactions in recent times. The firm registered the document in February, secured the space for a 60-months lease, and will pay a rent of Rs 72.5 per […]

MCG fills up leachate ponds to build treatment plant in Bandhwari

The Municipal Corporation of Gurugram (MCG) has begun filling three leachate ponds at the Bandhwari landfill site to construct a waste-to-energy (WTE) plant. However, environmentalists claimed that the agencies and MCG were permanently discharging excess leachate into the forest, posing an environmental hazard and a threat to the wildlife in the area. A leachate pond […]

Noida authority’s new building to be ready by end-2023

Noida authority’s new office building being built in Sector 96 is expected to be ready by end of 2023 as around 70% work has been completed so far, said authority officials, adding that key administrative department will be shifted to the new office in January 2024, if all goes as per plan. “The work on […]

Gurugram: Illegal commercial establishments run from DLF colonies, realtor seeks checks

GURUGRAM: From salons, gyms, grocery stores , clinics to small restaurants, DLF areas have become a hub of illegal commercial activities. The developer has shared a list of 742 illegal commercial establishments in its licensed colonies — DLF 1 to 4 — with the department of town and country planning (DTCP) seeking action against owners […]

Gurugram development body plans 1% fee on property transfers to fund SPR’s revamp

GURGAON: GMDA is looking to home owners and buyers to fund its SPR redevelopment project. The Gurugram Metropolitan Development Authority is planning to impose a 1% duty on transfer of immovable properties located along the 14km stretch of the Southern Peripheral Road from Ghata village to NH-8 near Kherki Daula for the next three years. […]

Noida: 40% flats registered, 13% housing projects got completion certificates

NOIDA: The extent of the city’s flat registry stalemate, as many homebuyers find themselves unable to get deeds for their properties because of the standoff between builders and the government on dues, is evident from data uploaded recently by the Noida Authority on its website. It shows that of the 1.3 lakh flats sanctioned in […]

Kotak Mahindra Life Insurance leases 1.5 lakh sq ft space in Tata Realty’s tower

Kotak Mahindra Life Insurance Company has picked up over 1.5 lakh sq ft office space in Tata Realty & Infrastructure Ltd’s information technology park TRIL IT 4 in Mumbai’s western suburb of Malad through a long-term lease of over 9 years, said persons with direct knowledge of the development. The company will be paying rentals […]

Rehabilitation scheme for Jewar airport’s phase 2 finalised

The district administration has finalised the rehabilitation and resettlement (R&R) scheme for the farmer families who will be displaced by the land acquisition for the second phase of the Noida international greenfield airport being developed in Jewar. The R&R scheme has been approved by the Meerut zone commissioner on March 13 and has now been […]

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