Apartment

Good News For Amrapali Homebuyers: 11K Units Will Be Available In 2-3 Months

Listen To This Article Here is the good news for Amrapali Group's troubled home buyers, the Supreme Court was notified on Friday that 11,858 apartments will be delivered in 2 to 3 months, with 5,428 units being turned over in October. Court receiver senior lawyer R Venkataramani informed a bench of Chief Justice UU Lalit and Justice Bela M Trivedi that during the impending Christmas season...

A structural audit of 200 towers

A Structural Audit Of 200 Towers In 17 Societies Will Be Conducted In Gurugram

The department of town and country planning (DTCP) has directed developers of 17 residential societies undergoing structural audits to deposit the cost in an escrow account. The funds will then be distributed to the four agencies conducting the audit. During the 45-day process, the structural audit will cover more than 200 towers, covering an area of around 2.5 crore sq. ft. in 17 residential...

Lack of power infrastructure

Due To Lack Of Power Infrastructure, 25 Societies May Lose Licences In Gurugram

These societies rely mainly on diesel generators in the lack of a proper electric connection due to inadequate electrical infrastructure. The Dakshin Haryana Bijli Vitran Nigam (DHBVN) has threatened to nullify project permits for 25 housing societies in new locations along the Dwarka Expressway if their developers do not secure a solid electrical connection within the next two weeks. Because of a...

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...

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...

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...

Raheja Developers Limited

Raheja Developers To Pay Customers For Revanta Project Delay In Gurgaon: Consumer Court

As many as 30 homebuyers filed a case against Raheja Developers Limited, requesting a return of the total sum collected from them for consideration of the units, plus interest, due to the project's delay in development. The National Consumer Disputes Redressal Commission (NCDRC) has ordered Raheja Developers to refund homebuyers' deposits as well as interest for delaying its project Revanta in Sector...

Trehan IRIS

Trehan Iris Leases 3 Lakh Square Feet On Iris Broadway Mall In Gurugram

With the addition of new top companies, Iris Broadway is becoming a more popular retail and entertainment destination. Trehan Iris, a renowned participant in the Indian real estate market, has leased over 3 lakh square feet in its Iris Broadway mall in Gurugram's Sector 85 and 86. With the addition of new top companies, Iris Broadway is becoming a more popular retail and entertainment destination. The...

Luxury housing in NCR

Luxury Housing Demand Rises In NCR As The Affordable Segment Shrinks

While the affordable housing sector continues to be in decline, the luxury residential market in NCR cities is booming, with a year-on-year increase in its proportion. According to the most recent research by real estate consultants Anarock, the NCR cities had a close to 12% luxury property market share in the first half of the calendar year — a nearly 100% increase from 6% in 2021. In 2019, the...

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