September 2022

Land acquisitions

Max Estates To Acquire 7.25 Acre Land In Gurugram At Rs 322 Crore

On this land tract, MaxVIL, a subsidiary of Max Group, intends to build a commercial project with a leasable area of 1.6 million square feet, marking its entry into the Gurugram real estate market. It already has a footprint in the property marketplaces of Noida and Delhi. The acquisition will allow Acreage Builders' over 7-acre land tract in Gurgaon's lucrative Golf Course Extension Road to be used by...

Omaxe Chowk Have Leased 11,000 Sq. Ft. Of Store Space For Jewellery Giants

Omaxe Chowk aims to become an end-to-end jewellery marketplace by integrating a diverse range of jewellery solutions under one roof. Tanishq, Senco, and Giva have signed up for flagship stores in Chandni Chowk at Omaxe Chowk, taking nearly 11,000 square feet of space in Jewel Court. Other prominent companies, including traditional jewellers from throughout India, are also lining up to sign at Omaxe...

Corruption in construction

An Agency To Check Corruption In Infrastructure Projects Will Be Established In Haryana Soon

In order to combat corruption in large development projects and hold officials accountable, the state administration has decided to establish a quality control body (QCA). Once constituted, the authority will assess ongoing projects around the state and take action against the officials involved if any flaws are discovered. According to V Uma Shankar, Principal Secretary to the Chief Minister, the...

Sohna Highway Will Be Beautified By The Gurugram Metropolitan Development Authority Through The Planting Of Plants

A month after the official opening of the Gurugram-Sohna national highway, the Gurugram Metropolitan Development Authority (GMDA) has opted to beautify the 22-kilometer stretch by planting shrubs. Earlier this year, Gurugram Member of Parliament (MP) Rao Inderjit Singh proposed to the GMDA that the city's highways be beautified. According to authorities familiar with the situation, the MP explicitly...

DTCP banned the sale of property

The DTCP Has Prohibited The Sale Of Homes In 18 Gurugram Societies Due To Licence Rule Violations

Amit Madholia, district town planner (enforcement), stated that action was taken against the 18 societies and notices were posted at the premises in accordance with the DTCP director's office's instructions. The department of town and country planning (DTCP) has prohibited the purchase and sale of properties in 18 residential societies in Gurugram due to licence violations and non-payment of dues,...

Blueprint submission for audit

Developers Have Asked In Gurugram To Submit Building Blueprints For Audit By Friday

The district town planner (enforcement) has asked the developers of 17 residential societies experiencing construction-related concerns to submit structural and architectural plans by Friday. Following submission, the district administration will issue work orders to a committee of four agencies on Monday to carry out the structural examination of these societies. The decision was made on Wednesday...

Home Loan

Know About Home Loan Processing Fees And Other Charges

The processing fee is the most essential and obvious price imposed on home loans. It is the cost that you have to pay to banks or NBFCs in order to process your home loan application. It is a one-time cost that is normally paid beforehand, you must pay it to the bank/NBFC out of your own pocket rather than having it deducted from your loan amount. There are a few banks that refer it as an...

Haryana Real Estate Regulatory Authority (H-Rera)

If The Sector 37 C Project Is Not Completed, The Land Will Be Auctioned Off: Haryana -Rera

The Haryana Real Estate Regulatory Authority (H-Rera) has ordered developer ILD to submit a resolution plan for an unfinished project in Sector 37C and give over units to allottees. The regulator warned the builder that the project must be completed or the builder's land, offices, plots, and flats will be attached or auctioned to obtain lacking cash to complete the project, which has been in doubt...

Top-Up Loan

Everything You Need To Know About Home Loan Top Up: Eligibility, Key Benefits, And Interest Rate

Home Loan Top up funds can be used for anything from purchasing furnishings to building, extending, or renovating your home. It is available to existing home loan borrowers with no security or guarantee required. Interest rates are lower, and you can get tax breaks on your home loan refinance. The lowest interest rate on a top-up house loan is 7.10%. Repayment terms can be the same as those of a home...

Insufficient Power Infrastructure

Residents Of Ardee City In Gurugram Have Received Refund Against Insufficient Power Infrastructure

Ardee City homeowners have been the first to obtain a refund from Dakshin Haryana Bijli Vitran Nigam (DHBVN) on event fees they paid because the builder failed to construct enough electricity infrastructure within the township. The discom would pay back a total of 2,272 Ardee Metropolis customers a total of Rs 1.84 crore. The reimbursement will be given to the inhabitants because the developer paid...

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