Listen To The Article The town and country planning department (DTCP) has begun a survey to identify illegal colonies in Sohna and surrounding areas. So far, the team has discovered 12 illegal colonies. On the orders of DTCP director TL Satyaprakash, the survey is being conducted jointly by district town planners from the enforcement wing and headquarters. The emergence of illegal...
Listen To The Article Two more towers in the Chintels Paradiso Society have been declared unsafe, where two people were killed last year when Tower D partially collapsed, officials said on Tuesday, citing an IIT-Delhi structural audit report. Towers E and F of the society in Sector 109 are declared unfit for human habitation, according to Additional Deputy Commissioner (ADC) Vishram Kumar...
Listen To The Article K Raheja Corporation, a real estate developer, has paid more than Rs 275 crore for floor space index (FSI) rights in central Mumbai's Wadala neighborhood from a joint venture between MM Developer and Saroj Landmark Realty LLP. The FSI rights will be used to develop the free-sale component of a slum rehabilitation project in Shanti Nagar, Wadala. The project's slum...
Listen To The Article As demand in the National Capital Region remains strong, real estate developers such as DLF, Godrej, M3M, County, Max, and TARC are planning to launch new housing projects. The new projects will be built in areas such as central Delhi, the Noida Expressway, and Golf Course Extension Road Gurugram, which has seen a recent surge in land acquisition. One of the most...
Listen To The Article Sohna is a prominent micro-market centrally located in South Gurugram, becoming a prominent location for investment. Since the opening of the first stretch of the Gurgaon-Sohna Expressway. The commute time between the rest of the city and its southern suburb has been reduced to 15 minutes faster within Gurugram. As a result, Sohna is experiencing increased demand for...
Listen To The Article The Haryana Government's Deen Dayal Jan Awas Yojana (DDJAY), a scheme to provide affordable housing units, has been suspended in Gurugram and Faridabad districts for being unaffordable to the common man. The decision was taken after CM Manohar Lal Khattar raised the issue of pricing of these units in the two districts with the departments concerned while pointing out...
Listen To The Article Arkade Group, a Mumbai-based redevelopment builder, has purchased a plot from Bajaj group company Hercules Hoists for more than Rs 103 crore. The company will construct a residential project on 8300 square metre plot in Mulund's eastern suburbs, with the potential to develop 0.5 million square feet of 2 and 3-BHK apartments. According to Amit Jain, Managing...
Listen To The Article According to international property consultant Savills, premium residential values in Mumbai, Bengaluru, Delhi, Gurugram, and Noida will rise significantly through 2022. Demand for rental properties has also increased as professionals have returned to their workplaces. End-users are considering renting larger homes in residential complexes with superior facilities in...
Listen To The Article New York Life Insurance Company, a mutual life insurance company based in the United States, has proposed an investment of Rs 290 crore for a 49% equity stake in a Max Estates SPV commercial project in Gurgaon. Max Estates Limited has acquired Acreage Builders Private Limited's remaining 2.39% equity share capital. Max and New York Life will own 51:49 of ABPL, which has...
Listen To The Article Oberoi Realty, a leading Mumbai-based real estate developer, has bought over 5 lakh square feet comprising 63 residential units in a luxury housing project at Worli, Mumbai. Oberoi Realty said that its shareholders approved the acquisition of residential premises in the project "Three Sixty West" constructed by Oasis Realty for up to Rs 4000...