Corruption ,Defaults or Policy shifts

Godrej Properties To Build Premium Residential Apartments On 15-Acre Land In Gurugram

Godrej Properties To Build Premium Residential Apartments On 15-Acre Land In Gurugram

Godrej Properties Limited, a major participant in the real estate industry, announced that it has purchased roughly 15 acres of land parcel in Gurugram, Haryana, for the construction of premium residential developments. The corporation stated in a filing to the stock exchanges that the land was purchased outright. However, the cost of purchasing the land or its potential for generating income have...

100 Acres Of Aravali Land In Gurugram Will Be Cleared Of Illegal Farmhouses

The forest department said that a demolition effort would take place in more than 100 acres of an 11-village-diameter Aravali forest area in the coming month. The forest department conducted a survey and found that these regions had been invaded for the purpose of building farmhouses. Next month, we will be conducting a large-scale demolition drive in the area. The push has been put on hold while...

DTCP Forms Teams To Inspect 60 High-Rise Buildings In Gurugram

The Department of Town and Country Planning (DTCP) has formed four teams to survey nearly 60 high-rises in Gurugram as part of the roll-out of the second phase of the structural safety audit of condominiums, which was directed by the district administration last week. The teams have been given a deadline of 15 days to complete the survey. Each team has been tasked with performing a visual check of...

HSVP Will Auction 60 Acres Of Land In 17 Sectors Of Gurugram On May 28

Haryana Shahari Vikas Pradhikaran (HSVP) will auction a total of 28 plots in 17 sectors of Gurugram on May 28, with an estimated revenue generation of 250-300 crore. The auction will include 28 plots in various sectors and is designed for group housing developments. The authority pulled some sites from the sale after complaints that four of them were in an area designated as gair mumkin nullah? The...

Chintels Paradiso Has Four Months To Pay Buyers And Three Years To Rebuild The Apartments

Listen To The Article The district government came up with a definitive plan for occupants of towers that an IIT-Delhi panel found unfit for habitation after holding meetings with all parties involved in the Chintels Paradiso condominium in Sector 109. They can choose to reside at the same property and developers will construct new flats for them in three years, or they can choose to receive a...

Haryana Government Ends Affordable Plotted Housing Scheme In Gurugram And Faridabad

Haryana Government Ends Affordable Plotted Housing Scheme In Gurugram And Faridabad

Listen To The Article Deen Dayal Jan Awas Yojna (DDJAY), a programme for low- and middle-income homeowners, has been suspended by the Haryana government in the districts of Faridabad and Gurugram due to the high cost of land. The Final Development Plan 2031 of Gurugram Manesar Urban Complex and Faridabad, according to officials, includes the end of the DDJAY plan. On April 20, the Town and...

Modi Government Is All Set To Introduce The Model Builder-Buyer Agreement That May Change The Home Buying Experience In India

Modi Government Is All Set To Introduce The Model Builder-Buyer Agreement That May Change The Home Buying Experience In India

Listen To The Article Buying a home in India can be difficult and complicated with many steps and paperwork involved. This includes applying for a loan, obtaining a home loan sanction letter, transferring the property title, obtaining a no-objection certificate from the builder, and registering the sale deed. The home buying process can take an extended time and involve multiple agencies. To...

Fortis Healthcare Buys The Medeor Hospital In Gurugram For Rs 225 Crore

Fortis Healthcare Buys The Medeor Hospital In Gurugram For Rs 225 Crore

Listen To The Article Fortis Healthcare said that it had signed final bonds with the VPS Group to buy the Manesar based Medeor Hospital in Gurugram, for Rs 225 crore. The hospital may be operationalized gradually in roughly nine months and has a 350-bed maximum bed capacity. A combination of loans and internal accruals will be used to finance the transaction. Following IHH Healthcare's...

Property Usage Changed In Gurugram, Teams Appointed To Analyse Tax Losses

Property Usage Changed In Gurugram, Teams Appointed To Analyse Tax Losses

Listen To The Article MCG has established 16 teams to investigate cases of tax evasion involving conversions of properties from commercial to residential, industrial, or institutional usage, and they have to report their findings by April 30. There are 1,244 commercial properties have been reclassified as residential homes, 514 as industrial assets, 95 as institutional facilities, and 403 as...

The Housing Ministry Has Blacklisted Two Companies Involved In The Construction Of NBCC Green View In Gurugram

The Housing Ministry Has Blacklisted Two Companies Involved In The Construction Of NBCC Green View In Gurugram

Listen To The Article The Union Housing and Urban Affairs Ministry has blacklisted two firms involved in the ill-fated NBCC Green View project in Gurgaon, barring them from receiving any work from the ministry for two years for substandard work. Supreme Infrastructure India Ltd and Ramacivil Construction Pvt Ltd have also been barred from receiving work from the ministry's attached entities,...

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