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Public Investment Board clears 28.5-km-long metro corridor in Gurugram

Haryana Chief Secretary Sanjeev Kaushal on Friday said the Public Investment Board has cleared the 28.5-km-long metro corridor between HUDA City Centre and Cyber City in Gurugram. Kaushal applauded the efforts made by the Haryana Mass Rapid Transport Corporation team for getting the project cleared from the Board. “It (project) will cover the entire city […]

NGT asks builder to pay Rs 10 crore for Aravali tree felling

GURUGRAM: The National Green Tribunal (NGT) has ordered a private company to pay compensation of Rs 10 crore for illegally felling 500 trees on five acres of protected Aravali land in Faridabad, fixing the rate of compensation at Rs 2 lakh per tree. This is by far the highest for such a violation, according to […]

Haryana RERA awards 60 days’ civil imprisonment to ILD builder

GURUGRAM: The Real Estate Regulatory Authority (RERA) in Haryana’s Gurugram has awarded 60 days’ civil imprisonment to ILD builder Salman Akbar in a contempt case. Adjudicating officer (AO) Rajender Kumar pronounced the sentence in the matter of Garima Gupta vs ILD Millennium Private Limited. “You are hereby authorised to detain Salman Akbar in civil imprisonment […]

Homebuyers happy as Kalypso Court project obtains OC

NOIDA: The homebuyers of Jaypee Group’s Kalypso Court project in Noida’s Sector 128 are upbeat as the last two towers of the housing society comprising 156 units obtained occupancy certificate on Friday, clearing all hurdles for flat registry and possession. The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) said that it is the first project […]

Centre nod to Gurugram Metro’s Huda City Centre to Cyber City corridor

The Haryana chief secretary, Sanjeev Kaushal, said on Friday that the Public Investment Board (PIB) of the central government has approved the 28.5km-long Metro rail corridor connecting Huda City Centre to Cyber City in Gurugram. This will cover the entire city of Gurugram. Kaushal said this will provide efficient and environment friendly transport to residents […]

Blackstone-backed Nexus Select Trust files for $500 million IPO

NEW DELHI: Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India’s first public issue of retail REIT to raise around USD 500 million, sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million […]

Architects can now issue OCs for houses in plotted colonies in Haryana

GURUGRAM: The town and country planning department (DTCP) has decided to allow empanelled architects to issue occupancy certificates (OCs) for plotted houses in licenced colonies. The move is aimed at expediting the process of obtaining an OC and making it simpler for the house owner. But it has also sparked concerns about architects being manipulated […]

Yeida to offer possession to 164 industrial allottees

The Yamuna Expressway Industrial Development Authority (Yeida) on Thursday said it has decided to hand over the possession to 164 industrial use plots allottees in three industrial parks — toy park, apparel park and medical device park — being developed near Jewar airport along the Yamuna Expressway. The Yeida will hand over the possession to […]

MCG officials and shopkeepers sustain injuries in scuffle during anti-encroachment drive at Sadar Bazaar

Gurugram: Several police officers and officials of the Municipal Corporation of Gurugram (MCG) were allegedly assaulted by at least 15 shopkeepers during an anti-encroachment drive in Sadar Bazaar on Tuesday evening. Inspector Ved Pal, station house officer of Gurugram City police station, said, “Investigation is underway in the case. Those involved in the incident will […]

NGT directs Noida builders to pay 0.5% of project cost for illegal commercial borewells

NEW DELHI: The National Green Tribunal has directed the authorities to seal all illegal commercial borewells in Noida. The tribunal has also directed the builders or project proponents to pay interim compensation — at least 0.5% of their project cost. The green panel was hearing a petition regarding the illegal extraction of groundwater by 40 […]

M3M India buys 13-acre land parcel in Noida for Rs 827.41 crore

NEW DELHI: Realty firm M3M India has bagged a 13-acre land parcel in Noida through eauctions and plans to invest around Rs 2,400 crore to develop a mixed-use project, its director Pankaj Bansal said on Wednesday. M3M India, which has a major presence in Gurugram, will be foraying into Noida property market through this project. […]

Noida realtors told to register properties or face FIR

Noida: The Gautam Budh Nagar stamp and registration department has issued a notice to realtors directing them to get their flats registered, otherwise the department will file a First Information Report (FIR) against them. “If a realtor will not execute registry within a month, then an FIR will be filed against the realtor under relevant […]

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