Gurgaon
Germany-based global hospitality major Worldhotels is planning to expand its business in India. The company had announced its tie-up with Hyderabad-based Golkonda Hotels by planning to run 20 properties by the end of next year. Currently the firm runs 12 properties including Asiana Hotel in Chennai, The Claridges in Delhi, Pride Park Premier in Gurgaon, [...] Continue Reading »
Tata Group, which is currently building a shopping mall in Amritsar, plans to take its Trillium mall brand nationwide in order to outfit in the country’s beneficial modern retail sector. The 700,000 sq ft mall will be ready by the end of this year or by early next year. The company has three more malls [...] Continue Reading »
In an exceptional move, the Supreme Court has put a stay on Municipal Corporation of Gurgaon (MCG) on collection of house tax from the residents of private developers’ areas. The SC took a side with the Gurgaon citizen council as the latter argued that they had already been paying taxes to the developers and the [...] Continue Reading »
The Supreme Court’s order regarding property tax collection from private developers’ area will not have any impact on the revenue generated from house tax, claimed the Municipal Corporation of Gurgaon. The corporation hopes to earn Rs 500 crore through the property tax collection with the current fiscal budget. Senior officers have claimed that behalf of DLF’s [...] Continue Reading »
ICICI Bank has planned a particular kind of home loan to cater to the needs of Non-Resident Indians (NRIs) who plan to buy properties in India. ICICI Home Loan to NRI offers an extensive range of products considered to facilitate NRIs to buy or build their long dream home in homeland. The bank has specific [...] Continue Reading »
Residents of Yamunanagar town, Jind and Gurgaon, blocked the National Highway No. 73-A and also quarreled with the police protesting over power problem on Tuesday. The police even chose to a mild cane charge to scatter the protestors who were demanding regular power supply to their homes. Chief Minister Bhupinder Singh Hooda, told the residents [...] Continue Reading »
The President of a residents’ welfare association (RWA) allegedly assaulted one of the residents due to an argument over membership charges. The incident took place at a gated community, Sispal Vihar, on Sohna Road on Wednesday. Following the incident a group of tenants gave a complaint and a case was registered against the accused. The [...] Continue Reading »
The Competition Commission of India (CCI) has levied Rs 6300 crore penalty on 11 cement companies and it has yet to consider a surplus of cases against builders. In the case of DLF, CCI looked at the relevant market as ‘high-end residential’ in Gurgaon while it looked at the relevant market as ‘residential accommodation’ in [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
The builders and developers of Gurgaon have chosen Golf Course Extension Road as the home to their upcoming luxurious residential projects. This new developing locality is well connected to Indira Gandhi International Airport, NH-8 and South Delhi. Road No. 9 has been developed from Sikandarpur to Golf Course Road which further gives connectivity to Sohna [...] Continue Reading »
