Gurugram: How a planned colony became hub of illegal PGs – ET RealEstate

File photo GURUGRAM: For residents of DLF-3, one of the oldest licensed colonies in the city, the fight is for basic amenities, and one they have been fighting since years. “We are fighting a big battle against local mafias who have money and muscle power. They have converted the residential colony into a hub of […]

Brookfield may acquire 50% stake in RMZ Corp for about Rs 5,600 crore – ET RealEstate

BENGALURU: Brookfield Asset Management, the Canadian alternative investment firm, is said to be planning to invest $500-800 million (Rs 4,000-5,600 crore) in RMZ Corp to buy up to 50% stake in the Bengaluru-based developer’s business parks, people familiar with the matter said. RMZ is expected to create a special purpose vehicle (SPV) to house about […]

If buyers want Jaypee Knights Court can also be completed under supervision: RD Paliwal, UP-RERA – ET RealEstate

NOIDA: After Kalypso Court, which will now be completed by the developer under the supervision of investors, the Uttar Pradesh Real Estate Regulatory Authority (UP- Rera) may provide a similar solution for the completion of Knights Court, another Jaypee project in Sector 128, if the homebuyers agree. JAL has a handful of projects at Wish […]

Ask NBCC to start work on Wish Town project: Buyers to SC – ET RealEstate

NOIDA: A group of Wish Town buyers urged the Supreme Court on Wednesday to direct the National Company Law Appellate Tribunal (NCLAT) to persuade state-run NBCC to immediately start construction in the Wish Town project and complete around 20,000 pending flats at the earliest. The court has issued notices to the NBCC and other stakeholders […]

About 3,200 buyers of Jaypee Kove, Kaffia, and Buddh Circuit Residency seek refund – ET RealEstate

NOIDA: Homebuyers of Jaypee’s three residential projects in the Yamuna expressway region have moved the UP Real Estate Regulatory Authority (UP-Rera) seeking refunds on their investments in flats that have not been constructed yet. The Yamuna Expressway Authority has, meanwhile, expressed its willingness to complete the projects if the Allahabad HC vacates a stay on […]

Yamuna authority to raise Rs 5000 crore for development around Jewar airport – ET RealEstate

The Yamuna Expressway Industrial Development Authority (YEIDA), the nodal agency for the development of residential and commercial land near the upcoming Jewar airport, has signed an agreement to raise Rs 5000 crore in three years. The funds will be provided by the Housing and Urban Development Corporation Limited (HUDCO) and will be used for land […]

Pune: Small entrepreneurs opt out of renting office spaces – ET RealEstate

PUNE: Sanjay Shinde has decided to focus more on online business instead of renewing the contract of his rented office space in the Shivajinagar area. The entrepreneur working in the field of IT-related services attributed his decision to the drop in business caused by the lockdown restrictions. Young entrepreneur Rahul Vispute, who runs a pest […]

Ludhiana netizens prefer suvidha centres over online payment of property tax – ET RealEstate

LUDHIANA: As the last date to avail 10% rebate on property tax is July 31, huge rush of tax payers is being witnessed at suvidha centres of the Municipal Corporation (MC). Long queues can be seen outside suvidha centres in zonal offices and social distancing norms are also being ignored. The employees deputed at suvidha […]

Demand for rental accommodation in key cities starts easing – ET RealEstate

BENGALURU | MUMBAI | NEW DELHI: The Covid-19 pandemic has started casting a shadow over the rental housing market, which has so far been insulated from the crushing economic impact of the coronavirus outbreak. The residential property market in metros such as Bengaluru, Mumbai, Delhi, Pune and Chennai have witnessed an increasing number of young […]

Yes Bank takes possession of Anil Dhirubhai Ambani Group’s headquarters in Mumbai – ET RealEstate

MUMBAI: Private lender Yes Bank has taken possession of Reliance Centre, the headquarters of the Anil Dhirubhai Ambani Group (ADAG) in Mumbai. Possession notices were issued regarding the 21,000 sqft building and two floors in Nagin Mahal in South Mumbai, newspaper advertisements showed. The possession of the building took place as on 22 July under […]