News

Godrej Properties increases its stake in Wonder City Buildcon and Godrej Home Constructions

NEW DELHI: Godrej Properties has increased its stake in equity share capital of Wonder City Buildcon (WCBPL) and Godrej Home Constructions (GHCPL) from 25.10% to 74%, the company said in a BSE filing. Pursuant to the said acquisition, WCBPL and GHCPL have become subsidiaries of the company with effect from March 29, 2023. Paid-up share […]

GDA pushes for Indirapuram handover before Ghaziabad local body elections

The Ghaziabad Development Authority (GDA) has written to the municipal corporation to expedite the takeover of Indirapuram locality and ensure that it takes place before the local body elections. The move has triggered a row as the corporation has demanded 288 crore from the authority on the grounds that certain facilities need to be upgraded […]

Gurugram woman duped of 2.5 lakh on pretext of job offer in New Zealand

Reen said she received a call last May with the caller, who identified as Vikram, claiming that he had visited the clinic where she worked and said that he gets people employment abroad.A woman who works at a skin clinic here was allegedly duped of 2.5 lakh on the pretext of being offered a job […]

Pinterest to reduce office spaces as part of restructuring

Pinterest Inc will end leases of certain office spaces as part of a restructuring plan, the imagesharing platform said on Monday, in addition to about 4% workforce reduction it started last month. US companies from technology to finance have stepped up cost cuts as they brace for a potential recession. Pinterest said it expected to […]

Haryana-RERA resolved only 50% plaints in five years; buyers say ‘too slow’

GURUGRAM: In the last five years, the Haryana Real Estate Regulatory Authority (HRera) has resolved only around 53% of complaints it received from aggrieved homebuyers, while the rest are at various stages. Homebuyers have claimed that resolution of complaints before HRera was too slow, forcing many to approach other authorities for justice. Data shared by […]

Hamilton Court, Vyapar Kendra roads to be upgraded to six lanes

The Gurugram Metropolitan Development Authority (GMDA) on Tuesday said it plans to redevelop and upgrade two key master sector roads, which connect to the Golf Course Road and witness significant traffic movement. The proposal was discussed in the 59th core planning cell meeting on Tuesday and it was decided that the master sector road between […]

International cricket stadium to be built in Noida’s Sector 150

The Uttar Pradesh cricket association (UPCA) has approved the development of an international cricket stadium in Noida’s sector 150 along the Noida-Greater Noida Expressway. It will be the first international cricket facility in Noida, enabling the city to host international cricket matches, including Indian Premier League (IPL) events, said the Uttar Pradesh cricket association. The […]

Sports City: Noida authority sends notice to Three-C Green Developers

NOIDA: The Noida Authority has issued a show-cause notice to Three-C Green Developers, promoter of the Sports City in sectors 78, 79 and 101, for violating lease terms and not completing the project 12 years after land allotment. Twelve subsidiary companies that were sub-leased lands for developing group housing projects have also been sent notices. […]

Delhi: 23,000 new flats to be on offer in DDA’s upcoming scheme

NEW DELHI: Delhi Development Authority (DDA) will come out with the 2023 housing scheme in May, said senior officials, adding that the inventory will include around 23,000 new EWS and LIG flats, mostly in the Narela subcity. “We are expecting that the agenda to launch the scheme will be placed in the April meeting and […]

YEIDA plans scheme to collect Rs 4,450 crore from 14 builders

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is now planning to bring in a one-time settlement scheme, a move that it hopes will help recover over Rs 4,450 crore in dues from 14 builders and pave the way for at least 10,000 registries. Officials said that of the Rs 4,457 crore that YEIDA was […]

Greater Noida authority to upload status of 197 projects on website

NOIDA: On the lines of its Noida counterpart, the Greater Noida Authority will now upload details — status of dues, occupation and completion certificates — of its 197 group housing projects on its official website. The move, officials said, seeks to enhance transparency and safeguard the interests of investors. “We plan to upload the data […]

DLF to invest around 3,500 cr for housing project in Gurugram

DLF will develop a new group housing project in Gurugram ‘The Arbour’, which is spread over 25 acre and comprises 5 towers with a total of 1,137 premium apartments.Realty major DLF will invest around 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap […]

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