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Gurgaon

Zurich Airport Wins Bid for Jewar Airport Overstep Adani

Zurich Airport Wins Bid for Jewar Airport Overstep Adani
On 29th November 2019, Switzerland’s Zurich Airport International AG known for Switch Clockwork-precision operating at its flagship Zurich Airport came out as the highest bidder for the proposed international airport at Jewar, Noida, Uttar Pradesh, overstep competitors like Adani Enterprises Ltd, DIAL, and Anchorage Infrastructure Investments Holdings Ltd by offering the highest bid sparking hopes for the [...] Continue Reading »

SBI & Finance Ministry Plan Priority Status for Real Estate AIF

SBI & Finance Ministry Plan Priority Status for Real Estate AIF
State Bank of India (SBI) and Finance Ministry (MoF) are exploring for a legal frame where the suggested Alternative Investment Fund (AIF) for strengthening delayed housing projects will have the first charge on assets and cash flow of companies getting funding. That will finance 1,600 delayed housing projects carrying 4,58,000 housing units across the country. [...] Continue Reading »

Gurugram civic body directs DLF to complete pending infrastructure work in three colonies

Gurugram civic body directs DLF to complete pending infrastructure work in three colonies
  GURUGRAM: The Municipal Corporation of Gurgaon has ordered DLF to execute the unfinished infrastructure work in its three colonies — DLF 1, 2 and 3 — for their takeover by the organization. The left out work associated with roads and drains in these communities has hindered the method of takeover and produced difficulty to the citizens. In a strongly [...] Continue Reading »

Funding For Single Housing Project Wrapped At Rs 400 crore

Funding For Single Housing Project Wrapped At Rs 400 crore
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »

Realtors in NCR enter into joint ventures with financially strong developers

Realtors in NCR enter into joint ventures with financially strong developers
Property developers in the Delhi-NCR region are partnering financially strong developers from the country’s South and West to restart stuck realty projects in the backdrop of a constant cash crisis, the powerful Real Estate Regulatory Act (RERA), and the warning of being taken to the National Company Law Tribunal (NCLT). Financially sound companies like Godrej Properties, Prestige Group, and Kalpataru [...] Continue Reading »

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »

NGT Imposes Rs 22.5 Crore Penalty on Sonipat Builders for Violating Environmental Laws

NGT Imposes Rs 22.5 Crore Penalty on Sonipat Builders for Violating Environmental Laws
The National Green Tribunal (NGT) has imposed an interim penalty of Rs 22.5 crore on 6-builders in Haryana’s Sonipat area for breaking environmental laws. As per NGT, violations are of serious nature and the compensation must have a precautionary look. The Green Tribunal imposed environment compensation of Rs 10 crore on TDI Infrastructure Ltd for [...] Continue Reading »

Mahindra Lifespace launches Mahindra Luminare Solaris

Mahindra Lifespace launches Mahindra Luminare Solaris
Mahindra Lifespace launched Mahindra Luminare Solaris, the next phase of Mahindra Luminare in Gurgaon. Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launched Luminare Solaris at Sector 59, Golf Course Extn. Rd in Gurgaon. The newly launched phase will offer a choice of 120 luxurious 3 [...] Continue Reading »

Signature Global Grand Iva in Sector 103-Gurgaon

Signature Global Grand Iva in Sector 103-Gurgaon
Signature Global Group, launched Signature Global Grand Iva an affordable housing project under ‘Haryana government’s affordable housing policy 2013’. The project is located on Dwarka expressway in sector 103 Gurgaon. The apartments will be allotted by draw of lots. The project offers 1158 apartments of 1 and 2 bhk at affordable price. The project is [...] Continue Reading »



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