Delhi-NCR
The heat of mall culture across national capital region (NCR) seems to be gradually cooling off. As per Cushman & Wakefield’s (Q&W) recent report on the national retail real estate market, the region has been witnessing the highest ever deferment of new floor space additions and vacancy levels within its malls. The region has observed [...] Continue Reading »
There seems to be no end to DLF’s legal feuds as cases are piling up against the developer for a wide range of reasons including unfair business practices for the last couple of years. In the latest event, more than a dozen investors dragged DLF to court, accusing it of downgrading their investments in an [...] Continue Reading »
Due to the collapse of an electricity grid, around eight states in North India had a major power blackout on Monday. It took more than half a day for the authorities to fully restore supply to Delhi, Haryana, Punjab, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Rajasthan, and Chandigarh. It is considered that, the [...] Continue Reading »
Avalon Group announces the launch of its biggest project in Bhiwadi. The 1,100 flats project in Delhi, spread over 15 acres, is estimated to ensure a sale price of Rs 400 crore. . The project is called The Royal Park project. The company disclosed that the average price would be Rs 2,300 to Rs 2,600 [...] Continue Reading »
After re-imposing property tax in Haryana, the state government has given 90 days to property owners to sort out the issues of tax diminution and self-assessment as according to government officials, from November 1, civic bodies will begin serving demand notices. Haryana has around 20 lakh property tax payers, 2.5 lakh and 2.45 lakh from [...] Continue Reading »
Residents of east Delhi have protested against power supplier BSES Yamunadue to long power outages in their areas. Residents are worried due to frequent power cuts in the Mayur Vihar Phase III, Vasundhara and Kondli areas. Residents said power supply was cut from Friday 10pm to Sunday morning, and then again on Sunday night in [...] Continue Reading »
The Delhi High Court has allowed the Archaeological Survey of India (ASI) and North Delhi Municipal Corporation (NDMC) to ‘implement’ their decision to remove the illegal construction at the site in Subhash Park. ASI has asked the civic agency to immediately remove unauthorized construction from public land in a letter, failing which the heritage body [...] Continue Reading »
The Delhi cabinet has approved a proposal to make rainwater harvesting system mandatory for all new buildings in the city. The government has asked the Delhi Jal Board to come up with the guidelines on the issue. Earlier, the government had proposed that proper water connection should be issued to the buildings which are equipped with [...] Continue Reading »
The country’s largest listed real estate company, DLF‘s shares increased by 1.2 percent of Rs 197 after a report that the company is selling its plot in Mumbai. The report said that the plot is being sold to Lodha group and a private equity company for Rs 2,800 crore. A report in Economic Times said [...] Continue Reading »
Even as the Central Public Works Department (CPWD) has proposed plots for construction of new Parliament House, government sources said that there was no plan to shift the parliament to a new building. Several MPs, including those from Congress and BJP have also indicated their opposition to shift Parliament to a new building. In a [...] Continue Reading »
