BUSINESS
Gulshan Group to scout for more stuck projects after completing two projects of Jaiprakash Associates: Deepak Kapoor
The Gulshan Group will complete 113 flats of Boomerang Residencies and 305 flats of Kristal Court in Sector 128 of Noida, both Jaiprakash Associates projects. Existing buyers in these projects will be offered a settlement with interest if they choose to shift to another project of the Gulshan group.
BUSINESS
Sun Estates to invest Rs 100 crore for developing villas, hotel in Goa's Arambol
Goa-based developer is planning to build villas and a hotel. Suraj Morajkar, MD, Sun Estates told Moneycontrol that the company will be investing around Rs 100 crore in the resort project. The villas will be independent. However, buyers have the option to sell it back to the hotel chain if they so desire.
BUSINESS
Mahira homebuyers in Gurugram demand delivery of flats before Diwali
The project was stalled after the developer’s licence was cancelled for allegedly submitting forged documents, leaving buyers stranded.
BUSINESS
Co-living firm Zolo to invest Rs 78 crore in expansion, increase bed count to 70,000
Zolo will expand its student housing segment to cities like Navi Mumbai, Noida, Vizag, Lucknow, Kanpur, Indore and Palakkad, founder & CEO Nikhil Sikri has said
BUSINESS
Gurugram administration identifies 112 waterlogging-prone areas; 16 teams out to prevent flooding
Gurugram prepares to tackle waterlogging during the monsoon, enlisting civil defence volunteers, resident welfare associations and asks companies located in the city to allow their employees to work from home in case of heavy rain.
BUSINESS
Gurugram STP writes to DTCP requesting change in payment plan for Mahira Group
On May 17, 2022, the Department of Town and Country Planning had blacklisted Mahira Buildtech and Czar Buildwell, accusing them of submitting fabricated bank guarantees and forged signatures of bank officials.
BUSINESS
As people return to cities post-COVID-19 to work, demand-supply mismatch pushes up rentals 12%: Report
The report by NoBroker, an online platform that helps people find rental houses, says that while companies raised their headcount in the last two years, construction of housing projects has been delayed due to various reasons, which has contributed to the rise in rents.
BUSINESS
MC Explains | All you need to know about the impact of GST on real estate sector
Tax experts are of the view that the government should consider bringing under-construction properties under the same GST bracket as ready-to-move-in properties. This would help homebuyers immensely.
BUSINESS
Co-working startup DevX to invest Rs 60 crore on India expansion; to foray into Singapore, US
The company operates 6,000 seats spread over an area of 5 lakh sq ft in 11 cities in India and will add around 4.5 lakh sq ft by the end of 2022
BUSINESS
With monsoon around the corner, Gurugram's Esencia residents rue lack of infrastructure; demand FIR against Ansals
On June 26, around 150 residents of Ansal Esencia held a protest against the developer, alleging a lack of amenities, including a ban on registry and non-issuance of new power connections
BUSINESS
Applications called for safety audit of multi-storey buildings in Gurugram
The Gurugram District Town Planner Enforcement said a list of 60 to 70 societies is being finalised and the process of empanelment wll be completed within 15 days of receiving the applications. The last day for sending the applications is July 12
BUSINESS
Co-living startup Housr to invest Rs 115 crore for expansion; acquires Bengaluru-based StayAbode
Housr has planned to increase its bed count by around three times by March 2023.
BUSINESS
PS Group to invest Rs 250 crore for Patna shopping mall; Rs 1,812 crore for residential projects in Kolkata
The shopping mall having commercial space of around five lakh sq ft will be PS Group's first project in Bihar.
BUSINESS
Town and Country Planning Dept issues notice to Savyasachi Infra over unauthorised colony
In a separate order, developer SRV Automotives was also ordered to construct a road for residents of Vipul Lavanya housing project
BUSINESS
Gurugram town planning official to meet NBCC next week over Green View project refund issues
The Green View residents have been demanding a refund of the flat cost with 15 per cent interest, registry charges, interior cost and a compensation of Rs 25 lakh for 'mental harassment'.
BUSINESS
US co-working firm Venture X makes India debut with 2 Gurugram units
Venture X has invested Rs 39 crore in the facilities set up in Sectors 67 and 44, which will offer flexible, premium co-working space options for individuals and companies
BUSINESS
Haryana RERA to appoint an officer to monitor developer Mahira's accounts
Commercial part of developer’s Sector 104 project in Gurugram to be attached as security for homebuyers' payment.
BUSINESS
Gurugram STP writes to DTCP Chandigarh seeking Rs 25 lakh for evaluation of completion cost of Mahira Infratech’s Sector 68 project
District Town Planner (Enforcement) RS Batth said the Deputy Commissioner has deputed him as the Duty Magistrate to take possession of the Mahira 68 land.
BUSINESS
Meerut real estate prices set to soar along RRTS alignment
While businesses are currently affected due to the ongoing construction, real estate brokers say that the Meerut realty market is finally back on track.
BUSINESS
RLDA to redevelop century-old Delhi Cantt Railway station for Rs 335 crore
The up-gradation work of the Delhi Cantt Railway Station is expected to be completed in 30 months from the award of the tender.
BUSINESS
Arete Group to invest over Rs 100 crore on residential, commercial projects in Gujarat
The residential project will offer affordable housing units; The group also plans to start construction of a mall-cum-high street next year.
BUSINESS
Delhi-Ghaziabad-Meerut RRTS priority section will help identify and resolve technical challenges: NCRTC MD Vinay Kumar Singh
The 82-km-long RRTS rail corridor is scheduled to be fully operational by 2025. NCRTC MD Vinay Kumar Singh spoke to Moneycontrol about the various aspects of the project.
BUSINESS
Your Space to invest Rs 50 crore for expansion this year, targets 30,000 beds by July 2023
Your Space is launching its new units in Mumbai and Ahmedabad this month, while its new unit in Delhi will become operational by August. It also has plans to enter Hyderabad and Kolkata by next year
BUSINESS
Supertech twin towers to be demolished on August 21: Noida CEO Ritu Maheshwari
The CEO says the authority has asked Edifice Engineering to submit a structural audit report by June 30.
