Area of rented office space in Gurgaon dips 30% in 2016: Report
February 23, 2017

According to a report by property consultancy Colliers International, the area of office space rented out in Gurgaon saw a 30 percent decline in 2016, primarily due to a dearth of quality supply. The share of the technology sector in overall rented out space reduced by half to 32 percent in 2016 from 64 percent in 2015. It is to be noted that information technology and IT enabled service (ITeS) companies are key drivers of… Read More

Gurgaon to attract timely tax payments by offering conditional infra upgrades
February 22, 2017

The Municipal Corporation of Gurgaon (MCG) has announced that it would devote an additional Rs 25 lakh for the development of areas, where all the property taxes are cleared by the end of the month. This is aimed as a special incentive to motivate Gurgaon’s citizens to pay their property taxes in time. Officials explain that the idea is to make the citizens feel incentivised for clearing their dues in time, considering that insufficient infrastructure has… Read More

Haryana to allow self-certification of building plans for industrial allottees
February 20, 2017

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has decided to allow entrepreneurs who want to commence projects on the allotted lands to self-certify their building layout plans. Officials from HSIIDC stated that since the decision has been implemented with immediate effect, the allottees in HSIIDC estates will not have to seek approvals from the town planning office of HSIIDC and can start constructions much sooner. HSIIDC officials explained that the allottee or industrialist… Read More

Building byelaws in Noida to be amended for enhanced fire safety
February 18, 2017

Deepak Agarwal, Chief Executive Officer (CEO), Noida and Greater Noida authorities, recently met with PK Rao, Joint Director - Fire Services, to discuss the issue of fire safety in high-rise buildings. The building byelaws of the region are likely to be amended to enhance fire safety, especially in high-rises. A special committee will submit a draft proposal suggesting modifications in the building bylaws of the development authorities of Noida, Greater Noida, and Yamuna Expressway. The… Read More

Delhi to witness five-fold hike in freehold conversion rates
February 17, 2017

From April 1, converting leasehold properties in Delhi to freehold will become five times more expensive with the authorities hiking the ground rent. This will be applicable on properties in prime locations such as Khan Market and Connaught Place, which have been leased out by Land and Development Office (L&DO) under the urban development ministry. Other localities that have such properties are Prithviraj Road, Defence Colony, Golf Links, Sundar Nagar, Nizamuddin, Hailey Road, Vasant Vihar, Mandir… Read More

Delhi Metro pursues green certification
February 16, 2017

The Delhi Metro Rail Corporation (DMRC) recently launched a survey to rate the commuter-friendliness and energy efficiency of the mass transport system. The survey was launched in collaboration with two United States (US) agencies, which will enable the DMRC to be certified by Leadership in Energy and Environmental Design (LEED). LEED is a globally accepted green building programme that identifies top-notch building practices. The two US agencies engaged for rating eco-friendly infrastructure are the US… Read More

Press Release

Emaar India receives OC for The Palm Drive project
February 15, 2017

Emaar India receives OC for The Palm Drive project15th February 2017 Real estate developer Emaar India, has received Occupation Certificate (OC) for 378 units in the second phase of its high-end residential project, The Palm Drive. Situated in Sector 66 in Gurgaon, the project spans 37 acres and comprises a total of 1,460 units. With this, the group has delivered its third project in three months and aims to deliver 3,000 units by the end… Read More

Gurgaon gets special committee for speedy grievance redressal
February 15, 2017

Hardeep Singh, Deputy Commissioner, Gurgaon, has set up a sub-committee of Allottee Grievance Redressal Forum (AGRF), in order to facilitate speedy disposal of complaints and continuous monitoring of projects in Gurgaon. This news has pleased Gurgaon homebuyers who can now expect fast redressal of their grievances. The seven-member sub-committee consists of M Mansuri, Senior Town Planner (STP), Department of Town and Country Planning (DTCP), as the chairperson while Mohan Singh, District Town Planner (DTP) - Planning, DTCP, has… Read More

Press Release

Asahi India Glass Ltd. launches retrofitting solutions for building constructions
February 15, 2017

Asahi India Glass Ltd. launches energy-saving glass for building constructions15th  February 2017 One of India's leading integrated glass solutions company Asahi India Glass Ltd. (AIS), has recently introduced retrofitting solutions in India. This product line was introduced with the aim of reducing heat in buildings without preventing natural light from entering the living space. The benefit of the product is that it does not require any scaffolding, thereby, making it an ideal solution for energy-saving… Read More

HUDA starts work on sector link to Delhi-Gurgaon Expressway
February 14, 2017

The Haryana Urban Development Authority (HUDA) has started the construction of the master road in sectors 82/82A in Gurgaon, a two km long missing link which will connect the two localities with nearby areas and the Delhi-Gurgaon Expressway. While the construction of roads in sectors 82/82A and 84 were halted owing to encroachments and legal issues, the master roads in most of the sectors between 81 and 95 were completed long ago. HUDA recently took… Read More

DDA’s Budget 2017 proposes new housing and land development schemes
February 13, 2017

The Delhi Development Authority (DDA) presented the budget for 2017-18, setting the anticipated expenditure at Rs 8,415 crore which projects a 62 percent growth over the revised estimate of Rs 5,202 crore for 2016-17. The budget proposes to spend Rs 3,557 crore on houses and shops, Rs 2,865 crore on development of land, Rs 750 crore on land acquisitions, and Rs 1,243 crore on establishment and miscellaneous expenditure. The key proposals announced in the budget… Read More

Government offers property tax rebate in Gurgaon
February 13, 2017

Property owners in Gurgaon are up for a relief in property tax payments as the state government has launched a rebate scheme. The government has announced a 25 percent refund and a one-time interest waiver on tax dues and arrears till the end of the current fiscal. This scheme is available till February 28. Further, the government will offer another one percent of rebate for payments made digitally. Meanwhile, cash will be accepted up to… Read More

State government approves Gurgaon-Manesar Metro
February 8, 2017

Haryana government has approved the proposal to set up a Mass Rapid Transport System (MRTS) between Manesar and Gurgaon. This will give a massive boost to the two industrial and financial hubs of Haryana. Officials shared that the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) would have to acquire 365 acres of land for the project, for which it requires financial assistance. Hence, the state cabinet decided that the state would help HSIIDC by standing… Read More

Delhi approves pilot project for EWS housing
February 8, 2017

Delhi government’s pilot project for developing housing for economically weaker sections (EWS) has received the approval of Delhi Urban Shelter Improvement Board (DUSIB). The project proposes to construct 6,178 EWS flats in Ambedkar Nagar, Bhalaswa, Mangolpuri, Lajpat Nagar, and Dev Nagar. The project is aimed at in-situ upgradation of slums on DUSIB land in Phase II and involves a cost of Rs 866 crore. DUSIB has also approved another proposal which states that land owning agencies would… Read More

Haryana to announce new rules for renewal of licence for realty projects
February 6, 2017

With the department of town and country planning (DTCP) issuing new guidelines for licence renewal of real estate projects in Haryana, developers are likely to find it tough to get the licences renewed for a project. This move to make the rules more stringent is aimed at protecting the buyers. While applying for license renewal, developers will be required to submit details of complaints against them that are pending with the Allottee Grievance Redressal Forum (AGRF), along… Read More

NCR Planning Board to cancel unused project loans
February 4, 2017

Centre has warned Delhi and adjoining states that have taken cheap loans from the National Capital Region Planning Board (NCRPB) and not commenced the projects yet. Delhi is likely to be the first state to face loan reviews as a Rs 100 crore multi-storied office building in Karkardooma has seen no progress since it received Rs 20 crore as the first loan instalment in 2013. Rajiv Gauba, Union Urban Development Secretary, chaired a meeting of… Read More

Press Release

Wave Infratech launches affordable project in Ghaziabad
February 3, 2017

Wave Infratech launches affordable project in Ghaziabad3rd February 2017 Noida-based real estate developer, Wave Infratech has recently launched its new project ‘Swamanorath’ in Wave City on NH-24. Being built under the Pradhan Mantri Awas Yojna (PMAY), the project aims to offer over 350 affordable units in 1BHK, 2BHK and 3BHK configurations. Those entitled under Pradhan Mantri Awas Yojna (PMAY) will also get an interest subsidy of up to Rs 2.2 lakh. Read More

Golf Course Road upgradation project receives deadline extension
February 2, 2017

Gurgaon residents will have to wait for six more months to see Golf Course Road transformed into a 16-lane expressway. While around 90 percent of the project work has been completed, the Haryana Urban Development Authority (HUDA) has given DLF, the developer of the project, a six-month extension to complete the pending work. This is the third deadline extension approved by HUDA.  Work on the underpass and U-turn near Cyber Park, one of the city’s… Read More

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