Sobha Developers (Pune) (SDPL), a fully owned subsidiary of Sobha, and BNB Builders (BBPL) have engaged into a share purchase agreement for the acquisition of 100% of the company's equity shares for Rs 29.5 crore, according to a BSE filing. As a result of this transaction, BBPL will become a step-down subsidiary of the business and an entirely-owned subsidiary of SDPL. Additionally, this will assist...
Listen To The Article Prime Locations Unveiled: Sector 108 And 109 Welcomes Sobha's OwnershipExclusive Insights: Inside The Joint Venture Project "International City"Valuation Breakdown: Sobha Group's Acquisition Of Rs 121.82 Crore Land Parcels Real estate developer Chintels India, based in Gurugram, has given listed real estate developer Sobha Ltd in Gurugram ownership of two land parcels...
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...
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...
Listen To The Article The second phase of the structural assessments of highrise residential societies will begin on April 1 as per the decision made by the district administration. This follows a meeting to discuss the issues highlighted in the first phase between (resident welfare associations) RWAs, developers, and auditing agencies at the mini secretariat. Many highrise societies encountered...
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 The proprietor of a firm involved in repair work was arrested by Gurugram police in connection with the Chintels Paradiso building collapse that killed two people in February. Amit Austin, owner of Manish Switchgear and Construction, will appear in a city court on Thursday, according to Manoj Kumar, Assistant Commissioner of Police, Udyog Vihar. Police had previously identified...
Listen To The Article The district administration announced on Saturday that a tower of the Chintels Paradiso society in Gurugram, which partially collapsed in February, killing two women, will be demolished, citing a report by an IIT Delhi team that discovered structural deficiencies "beyond repair." The dining room floor of a sixth-floor apartment in Tower D collapsed on February 10,...