Gurgaon
Home buyers in Gurgaon are worried over the high court’s order of ban on issuing fresh licences to builders due to water scarcity in the city. Home buyers are apprehensive as the order might push the delivery deadlines and cause a hike in real estate projects. Property prices are likely to go up citing an [...] Continue Reading »
In 2007, the Central Ground Water Authority (CGWA) had cautioned Gurgaon that if it continuously uses groundwater at high extent, then the resource would be exhausted by 2017. But the Haryana government overlooked the warning and continued issuing licences to real estate companies which abruptly exploited the resource. According to experts, Gurgaon has been drawing [...] Continue Reading »
The Municipal Corporation of Gurgaon (MCG) showed signs of progressive actions as they prepared a development plan with a cost estimate of Rs. 25 crore. The project includes damaged roads, sewers, drains and other and for developing the areas under its jurisdiction the MCG sub-finance committee held an urgent meeting to clear estimates prepared by [...] Continue Reading »
As a responsive measure to the depletion of groundwater at a great speed, the apex body for real estate Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to adopt rain water harvesting as corporate social responsibility (CSR) this year. The announcement comes two days following the Punjab and Haryana High Court directed [...] Continue Reading »
DLF, the country’s biggest real estate company, is set to sell its 17-acre National Textile Corporation (NTC) land in Mumbai to Mumbai-based Lodha Developers to reduce its rising debt, said market sources. The deal is estimated at Rs 2,500-2,700 crore. Lodha Developers has already paid Rs 500 crore in advance and it would pay the [...] Continue Reading »
The Punjab and Haryana high court order barring developers from using ground water continues to draw sharp reaction from developers. The developers blamed the government stating that in spite of collecting external development charges (EDC) and infrastructure development charges (IDC) from them, the government has put them in a precarious situation. They argued that Haryana [...] Continue Reading »
The Nationalist Congress Party (NCP) permitted the release of 0.5 thousand million cubic (TMC) ft of water to the thirsty Daund taluka despite opposition from all major parties in Pune. Residents of Daund taluka have the right to get water from Khadakwasla, Panshet and Varasgaon dams as 80 per cent of the dam project-affected were [...] Continue Reading »
The Punjab and Haryana high court on Monday stopped issuing new licenses to developers in Gurgaon, because of the depleting groundwater situation, which has come as a relief to the residents in the area as they have been facing severe water crisis. Most of the Gurgaon is dependent on groundwater and more than 60 MGD [...] Continue Reading »
In an expected reaction, industry body Assocham on Tuesday said the realty sector and investments in Haryana will be hit following the High Court order directing the state government not to issue permits for construction unless builders give in writing that groundwater will not be drawn by them. The body asserted that the order could [...] Continue Reading »
Disposal of construction waste from the site of multi-storied buildings is proving to be a severe problem in Gurgaon. Among other debris, cement bags and concrete slabs are being dumped in the open in vacant plots or parks. While the garbage dump in the open can be noticed in alongside Faridabad-Gurgaon road or the Golf [...] Continue Reading »
