Emaar Gurgaon Greens residents say builder ignoring upkeep issues – ET RealEstate

File photo GURUGRAM: Unable to get any relief from the developer on maintenance and related issues, the residents of Emaar Gurgaon Greens in Sector 102 sat on a hunger strike at the entrance gate of the society on Sunday. Despite raising their concerns with CM window, DTCP and other agencies, none of their issues — […]

NCR has about six years of unsold residential inventory – ET RealEstate

NEW DELHI: Builders in the National Capital Region (NCR) are finding it difficult to sell-off their properties. The “age of unsold inventory”, the number of quarters for which the unsold inventory of a market or micro-market has existed there, is 23.5 quarters in NCR, according to a recent report by Knight Frank India. It is […]

Gurugram: NBCC Green View residents protest over ‘unsafe’ buildings – ET RealEstate

GURUGRAM: Residents of NBCC Green View in Sector 37D staged a protest on Tuesday alleging that the developer has compromised with the quality of construction by using substandard materials. They said the society has witnessed plaster falling, ceilings and terraces collapsing and pillars developing large cracks over the last two years. Scores of residents, including […]

Gurugram civic body to review infrastructure of DLF 1, 2 & 3 – ET RealEstate

GURUGRAM: The takeover process of three DLF phases in the city by the Municipal Corporation of Gurugram (MCG) is finally shaping up, with the civic body speeding up the procedure by deciding to initiate deficiency assessment in these areas. People living in DLF Phase 1, 2 and 3 have raised several complaints regarding the pending […]

Rein in illegal construction in Gurugram’s Sector 53: Parsvnath Exotica residents – ET RealEstate

GURUGRAM: Residents of Parsvnath Exotica in Sector 53 have raised concerns over rampant illegal constructions taking place in their neighbourhood for over two years now. They claim their repeated complaints to authorities, including MCG, the department of town and country planning (DTCP), the Gurugram police and on the CM window, have fallen on deaf ears. […]

Haryana government brings 16 more villages under Gurugram civic body’s limit – ET RealEstate

GURUGRAM: The Haryana government has notified the expansion of the Municipal Corporation of Gurugram’s (MCG) limits by bringing 16 more villages under the civic body. The proposal for the expansion had been approved in a meeting chaired by the chief minister in Chandigarh earlier this month. After the government notified the order on Monday, MCG […]

Gurugram: Standoff between JMD Gardens’ residents & builder intensifies – ET RealEstate

GURUGRAM: For the past one week, several residents of JMD Gardens have been camping in the cold at the front gate. This, they say, is part of a 24/7 vigil. The builder, they allege, has posted about 20-25 people, including bouncers and security guards, outside the main entrance. The residents, wary they could create nuisance, […]

DLF’s rental arm to buy Hines’ stake in One Horizon Center for Rs 780 crore – ET RealEstate

NEW DELHI: Realty major DLF on Friday said its rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore. DLF Cyber City Developers Ltd (DCCDL), the joint venture firm of DLF and Singapore’s sovereign wealth fund GIC, has entered […]

Gurugram civic body set to take over upkeep of 16 villages – ET RealEstate

GURUGRAM: With the Haryana government approving the expansion of the civic body by adding 16 more villages to it, the Municipal Corporation of Gurgaon is set to take over services in these areas. Officials said the process is likely to take around 90 days after a government notification is issued. However, MCG commissioner has said […]

Gurugram: 50% paid, but flat construction yet to start in affordable housing projects – ET RealEstate

GURUGRAM: The mismatch between construction and money collected by developers from buyers has emerged as the biggest area of concern in the affordable housing segment. This is because unlike regular group housing projects where payment is linked to the status of construction, investment is time-bound in the affordable segment. And because of this, a number […]