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 Ashiana Housing Limited, a real estate developer announced that it had submitted the highest bid for a residential project being developed in Gurugram by the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). According to the company, HSIIDC has certified that Ashiana Housing was the top bidder in their own e-auction for the allocation of...
Listen To The Article Ganga Realty a Gurugram-based developer, will invest Rs 750 crore in developing Tathastu, an affordable housing project in Sector 5, Sohna. The project will be spread across around 22 acres and offer 3 BHK apartments with a carpet area of 645.73 square feet at a price of Rs 25.14 lakh onwards. The project is located in Sohna-Gurugram Sector 5 and is only a...
Listen To The Article Max Estates, a subsidiary of Max Ventures and Industries Ltd (MaxVIL), plans to invest about Rs 3,400 crore in new residential and commercial projects in Noida and Gurugram over the next four to five years, according to Sahil Vachani, the company's Managing Director (MD) and Chief Executive Officer (CEO). The company has purchased a plot of land in Noida's Sector 128...
Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
Listen To The Article Central Park, a real estate developer known for concept-based luxury housing with exceptional hospitality services, has launched luxury independent floors in Gurugram. The Orchard, based on the concept of a fruit valley, is located in iconic global township Central Park Flower Valley, Sohna. The Orchard is a low-rise luxury development with 284 residences in Stilt+4...
Listen To The Article The department of town and country planning (DTCP) Gurugram has directed its planning wing officials not to issue occupation certificates (OCs) to residential properties where the owners have built a four-story building plan. According to DTCP officials, many residential plot owners have built four-story buildings despite only receiving approval for two floors. They...
Listen To The Article The Department of Town and Country Planning (DTCP) has overturned its decision to cancel the project licence for an affordable housing project MRG Skyline in Sector 106. Following the cancellation of MRG Skyline's licence in November 2022, DTCP last week wrote to the police requesting an FIR against the developer for violation of norms. According to department...
Listen To The Article The department of town and country planning (DTCP) Gurugram has suspended the licences of three affordable housing projects for failing to comply with their terms and conditions. Ocean Seven Buildtech Private Limited was granted licences in 2016, 2018, and 2019 to develop Expressway Towers in Sector 109, Golf Heights in Sector 69, and The Venetian in Sector 70 Gurugram...
Listen To The Article The Haryana government presented a Rs 1.83 lakh crore budget for the financial year 2023-2024, with Rs 5,893 crore kept for urban development and the housing sector. In his Budget speech, Chief Minister Manohar Lal Khattar also stated the establishment of two data centre parks in the state, one in Gurugram and one in Ambala district. In addition to the benefits of...