News

Tier-II cities emerging as real estate growth engines: Magicbricks Report

NEW DELHI: Tier-II cities Nagpur, Coimbatore, Bhubaneshwar, Indore and Jaipur are emerging as real estate growth engines, according to a recent report by Magicbricks. The report highlights that Nagpur (49%), Coimbatore (27%), Bhubaneswar (12%) observed the highest year-on-year (YoY) growth for residential searches and Nagpur (84%), Coimbatore (30%), and Indore (6%) exhibited the highest YoY […]

Residents of other Chintels Paradiso towers demand authorities to expedite audit

GURUGRAM: Residents of towers G and H of Chintels Paradiso in Sector 109 have demanded that the authorities expedite the structural audit of the two buildings. The district administration has declared Tower D of the society, where two residents died on February 10 this year after a vertical collapse of five living rooms, structurally unfit […]

Noida homebuyers pin hope on authority to resolve issue of interest rate on land dues

A day after the Supreme Court ordered realtors in Noida and Greater Noida to pay their land cost dues with penal interest, instead of simple interest of 8.5%, homebuyers on Tuesday said they hope that the Noida and Greater Noida authorities will step in to pave the way for their flat registry, which has been […]

Pilot project underway on Gurugram’s Gold Course Road to limit vehicle speed

The city will soon have specified speed limits for different roads across the city, much like neighbouring Delhi, as part of an initiative by the Gurugram traffic police to make roads safer for road users and curb accidents. In collaboration with two experts from IIT-Madras, the Gurugram traffic police on Tuesday launched a study from […]

HSVP & Gurugram development body refuse to check infrastructure at builder floors

GURUGRAM: The Haryana Shahari Vikas Pradhikaran (HSVP) and the Gurugram Metropolitan Development Authority (GMDA) have both refused to conduct inspections at newly constructed individual houses in licensed colonies and builder floors for issuing the mandatory public health report required for obtaining the occupation certificate (OC). This has left some 60 house owners in the city […]

DTCP bans property sale, purchase at a society in Sector 90, Gurugram

GURUGRAM: The department of town and country planning (DTCP) has banned the purchase and sale of properties in a group housing society spread across 11 acres in Sector 90 over violation of licence norms. The department has also issued directions to the tehsildar concerned to not execute any sale deeds in this society. District town […]

Gurugram: Two towers illegal, Pyramid Infrastructure to pay Rs 50,000 to each buyer

GURUGRAM: Homebuyers of Pyramid Urban Homes 2, an affordable housing project in Sector 86, will get a compensation of Rs 50,000 per flat as the developer constructed two additional towers in violation of the approved plan. Terming the two towers illegal, the Haryana Real Estate Regulatory Authority (H-Rera) has directed the developer to refund interest-free […]

L&T Realty and CapitaLand India Trust to develop six million sq ft office spaces

NEW DELHI: L&T Realty, the real estate development arm of Larsen and Toubro, and Singapore-listed CapitaLand India Trust Management, trustee-manager of CapitaLand India Trust (CLINT), have entered into a non-binding term sheet for a commercial platform to develop close to six million sq ft of office spaces across Bengaluru, Chennai and Mumbai. Under this platform, […]

Gurugram tower where 6 flats collapsed can’t be salvaged, to be razed

Tower D of Chintels Paradiso condominium in Sector 109, Gurugram, where six flats collapsed on February 10, will be demolished on recommendations of an IIT Delhi audit that found structural deficiencies in the building that cannot be safely repaired, officials said on Saturday. Over 50 flats in Tower D of the complex will be closed […]

Noida MP Sharma’s aide assaulted by unidentified suspects in G Noida

Noida: A Bharatiya Janata Party (BJP) worker, who is a close associate of Gautam Budh Nagar Member of Parliament (MP) Dr Mahesh Sharma, was allegedly assaulted by unidentified suspects in Beta 2 area of Greater Noida on Thursday, police said. Police have formed four teams and are scanning the CCTV footage of the area to […]

Gurugram: NBCC Green View buyers want FIR against developer

GURUGRAM: Homebuyers of NBCC Green View in Sector 37D met a senior officer of Gurgaon police on Friday and sought her intervention in getting an FIR registered against the developer for cheating and corruption.Earlier this year, the homebuyers had filed a complaint against the developer with the economic offences wing (EoW) of Delhi Police, which […]

Rs 4.25 lakh in fines for GRAP violations in Noida

NOIDA: Violation of the Graded Response Action Plan (GRAP) led to fines totalling Rs 4.25 lakh on more than a dozen offenders in Noida on Thursday, the local authority said. The average air quality index (AQI) for a 24-hour period at 4 pm Thursday was recorded at 423, according to a government agency monitoring pollution. […]

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