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Monthly Archives: December 2018

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Central government plans to sanction one crore houses ...

An official of the ministry said that since April 2018, 1,612 cities have been declared as open defecation free (ODF) taking the total number to 4124 across the country under Swachh Bharat Mission (Urban). NEW DELHI: The Union Housing and Urban Affairs Ministry initiated several schemes in 2018 and plans to sanction construction of one crore houses before 2020 under the Pradhan Mantri Awas …

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Bengaluru, Mumbai and Delhi-NCR leads flexible office ...

According to JLL data, Mumbai’s share in total office leasing in co-working sector tripled to 21% during January – September 2018 compared to 7% in the corresponding period of last year. BENGALURU: Flexible office space across Bengaluru, Mumbai and Delhi-NCR is seeing increasing demand from large corporate occupiers as they look to trim costs and make their real estate portfolio agile amidst dynamic industry environment. According to JLL data, …

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Uttar Pradesh RERA to star-rate projects for quality

The regulatory body has also shortlisted 10 projects in the twin cities, which it would de-register in 2019 and engage external agencies for completion. GREATER NOIDA: In a first in India, the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) will next year introduce a star-rating system to mark the quality of a housing project as well as the credibility of its builder. The regulatory body has also shortlisted …

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Lawyers protest against de-registration of illegal col...

Ever since the order on December 4, the lawyers and deed writers have been on protest and have boycotted the work. GHAZIABAD: Lawyers and deed writers took out a protest march to the district magistrate’s office on Wednesday against the latter’s order to stop registries of illegal colonies in the district. They also submitted a memorandum to the district magistrate demanding that the order …

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JK Cement fixes price for QIP issue at Rs 732.42 per s...

​​In June, the company said its board has decided to raise up to Rs 700 crore through issue and allotment of equity shares and securities which could include GDRs or ADRs through domestic and/or international offerings. NEW DELHI: JK Cement Monday said its board has fixed the floor price at Rs 732.42 apiece for the issue of equity shares through the qualified institutional placement (QIP) route. In June, …

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Haryana reduces conversion charges in illegal colonies...

In municipal council areas, the charges or fee per square meters for regularization of existing building has been reduced from Rs 10,608 to Rs 5,304 and for fresh conversation from Rs 9,000 to Rs 4,500. CHANDIGARH: In a decision that would benefit thousands of owners of residential units which have come up in unauthorized colonies falling in the areas of civic bodies and improvement …

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Noida: Home buyers of Airwil Intellicity approaches SS...

In the letter, buyers have alleged the builder of non-delivery of the project as well as for changing the name of the promoters without prior knowledge of the buyers. NOIDA: Homebuyers of Airwil Intellicity, a mixed-use project in Techzone 4 in Noida Extension complained on Saturday to the Gautam Budh Nagar SSP against the developer for delay in delivery of flats. In the letter, buyers …

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Gurugram: Seven years on, 100 homebuyers of Monsoon Br...

After seven years, they are still running from pillar to post for their flats. Only nine of the 13 towers have been constructed and the flats in these towers have been handed over but four towers are still incomplete. GURUGRAM: Around 100 homebuyers of Monsoon Breeze in Sector 78 are worried about getting possession of their flats. All of them booked the flats in 2011, the …

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