News

Corporate employees bid adieu to Gurugram amid prolonged WFH model

Last month, the Haryana government allowed private corporate offices in Gurgaon to operate with 100% capacity. One would assume that this would mean the hundreds of offices in the Millennium City would be abuzz with workers again. However, many offices in Gurgaon are opting to prolong their work from home (WFH) models indefinitely (or at […]

WeWork lease out 17,000 sq ft space to 3M India in Bengaluru

NEW DELHI: WeWork India said that the 3M India, an Indian subsidiary of global technology giant 3M, has leased 17,000 sq ft area of flexible workspace at its Prestige Central building in Bengaluru, for a two-year period. “In recent times we have seen an increased demand from all businesses, especially leading enterprises such as 3M […]

DDA gives final nod to affordable rental housing complexes

NEW DELHI: The Delhi Development Authority (DDA) on Tuesday gave final approval for developing affordable rental housing complex (ARHC) scheme under its Master Plan of Delhi (MPD)-2021. The approval was granted in a board meeting chaired by Delhi Lt Governor Anil Baijal, who is also chairman of the DDA. The policy will now be sent […]

Haryana prepares rehabilitation scheme for Khori slum dwellers in Faridabad

CHANDIGARH: The Haryana government has prepared a rehabilitation scheme for Khori slum dwellers of Faridabad under which they will get the EWS flats equipped with electricity, water and toilet facilities in nearby Dabua Colony and Bapu Nagar area, officials said Tuesday. Around 50,000 migrants settled in the Khori area of the Aravali forest in Faridabad […]

Hiranandani Group invests Rs 1,000 crore to develop commercial space in Thane

NEW DELHI: Hiranandani Group has invested nearly Rs 1,000 crore to develop 2.6 million sq ft commercial real estate space in Hiranandani Estate township spanned across 350 acres on Ghodbunder Road, Thane, the company said in a media release. While Quantum tower spread across 0.6 million sq ft is ready to be leased out, Centaurus […]

DDA gives final nod to affordable rental housing complexes

NEW DELHI: The Delhi Development Authority (DDA) on Tuesday gave final approval for developing affordable rental housing complex (ARHC) scheme under its Master Plan of Delhi (MPD)-2021. The approval was granted in a board meeting chaired by Delhi Lt Governor Anil Baijal, who is also chairman of the DDA. The policy will now be sent […]

M3M acquires 73-acre land in Noida at Rs 900 crore

Real estate developer M3M has acquired 73-acre land in Noida at Rs 900 crore in one of the largest all-cash deal in recent times, three persons aware of the development said. The land parcel, which is in sector 128 and on the expressway, belonged to Kadam developers, a subsidiary of NCR-based Shipra group, but was […]

Over 100 realty projects have no valid registration: UP-RERA

NOIDA: The second wave of the pandemic seems to have dealt a severe blow to the already ailing real estate sector. In Noida, Greater Noida and Ghaziabad, for instance, over a 100 realty projects are currently functioning sans sanctioned maps and registrations, according to the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera). Affected are lakhs […]

NGT forms panel to inspect rain water harvesting status in Delhi’s Dwarka

NEW DELHI: The National Green Tribunal has formed a committee that would inspect the status of rain water harvesting systems installed in residential societies of Dwarka here and submit its report within two months. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel constituted a joint committee comprising officials of Delhi Jal Board, Central […]

UP-RERA reviews progress of 76 projects to facilitate their completion

NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) recently held review meetings of 76 projects from NCR region with respective promoters. These meetings were held with a view to facilitate the completion of such projects and ensure the compliance of the orders of UP-RERA with respect to the allottees of these projects. The projects […]

Allottee to pay demolition cost: Chandigarh Housing Board

CHANDIGARH: The Chandigarh Housing Board (CHB) has said the board will recover cost of demolition of illegal structures from the allottee. The clarification was given after the board demolished five fresh unauthorised constructions (stairs and balconies and extra floors and rooms) at Mauli Jagran on Friday. Yashpal Garg, chief executive officer (CEO), CHB, said in […]

Delhi court rejects bail of Amrapali Group’s MD in a multi-crore scam

NEW DELHI: A Delhi court has dismissed the bail plea of Amrapali Group’s managing director Anil Kumar Sharma in a multi-crore scam involving alleged cheating of investors and home buyers. Additional sessions judge Reetesh Singh noted that Sharma allegedly induced the complainant to enter into an agreement to purchase 26 flats in a project that […]

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