ASK Property Fund, the real estate private equity arm of the ASK Group, has exited Eldeco group’s project Eldeco Centre in Delhi. The fund that had invested Rs 120 crore and has achieved an internal rate of return of 21%. The project is a commercial development comprising of retail and office spaces in South Delhi. […]
The Real Estate Regulatory Authority (RERA) Gurugram has ordered a forensic audit in the ILD Arete housing project case. The authority also issued a show cause notice to the promoter to furnish details by October 4 failing which the RERA will impose a penalty of ₹50000 per day, according to an order. Also Read| Airbnb […]
Realty firm Ashiana Housing Ltd on Monday said it has sold all 224 units in its new housing project in Gurugram for 242 crore driven by festive demand despite a hike in interest rates on home loans. The company, which is majorly into senior living homes, said in a statement that it has launched 22-acre […]
Noida: The Gautam Budh Nagar police on Friday held a meeting with operators of shopping malls, bars and restaurants and reviewed the security arrangements ahead of Christmas and New Year celebrations. The review meeting came a day after police commissioner Laxmi Singh inspected markets and malls in Sector 18, the biggest shopping hub in Noida. […]
Gurugram: The construction of A waste-to-energy (WTE) plant at Bandhwari will begin on Friday, officials said. The construction will be carried out by Ecogreen Energy, a concessionaire of the Municipal Corporation of Gurugram (MCG), officials added. Haryana chief minister Manohar Lal Khattar had laid the foundation stone for the WTE plant at Bandhwari on December […]
GURUGRAM: Occupying more than 100 acres of land in prime sectors of the city, around 1,400 illegal guesthouses are doing big business round the year. A survey by the department of town and country planning (DTCP) has found that a total of 2,080 guesthouses, both legal and unauthorised, are operating within the city limits. In […]
GURUGRAM: The Haryana Housing Board has decided to construct houses for people from the economically weaker sections (EWS) in Sector 9 on HSVP land. The proposed houses will be allotted to below poverty line (BPL) families and beneficiaries will be identified through Parivar Pehchan Patra (PPP), housing board officials said. Urban Local Bodies minister Kamal […]
The high court on Friday refused to halt “at this stage” an order of the Lokpal of India directing a Central Bureau of Investigation (CBI) probe into a complaint about alleged illegal and unauthorised constructions in the Capital against officials of the Municipal Corporation of Delhi (MCD). Justice Prathiba M Singh deferred the hearing till […]
Gurugram: The Municipal Corporation of Gurugram (MCG) on Wednesday started conducting a survey to find out whether bulk waste generators (BWGs) are adhering to the Solid Waste Management Rules, 2016. The civic body directed its seven assistant sanitation inspectors to check the biggest BWGs and submit a report on the same by Thursday evening, said […]
NEW DELHI: Mahindra Lifespace Developers (Mahindra Lifespaces) has completed the acquisition of freehold land admeasuring approximately 9.24 acres situated in Village Akurli, Kandivali East, Mumbai from Mahindra and Mahindra (M&M), promoter of the company, the company said in a BSE filing. Total consideration for the transaction is Rs 365 crore to be paid in tranches […]
GURUGRAM: Occupying more than 100 acres of land in prime sectors of the city, around 1,400 illegal guesthouses are doing big business round the year. A survey by the department of town and country planning (DTCP) has found that a total of 2,080 guesthouses, both legal and unauthorised, are operating within the city limits. In […]
The Greater Noida authority is set to bring a reschedulement policy for defaulting realtors who have not paid financial dues despite repeated notices. The move comes after realtors sought a policy to address the woes being faced by the real estate sector, said officials. The move will give realtors additional time to clear dues and […]
