Category: Delhi

Partnership

BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.

May 6, 2022

The company spent nearly Rs 150 crore on real estate and will spend another Rs 100 crore on construction. Trident Residences will be the first of its kind in the capital. BI is a Delhi-based company. collaborating with Oberoi Hotels to launch 19 ultra-luxury residences in central Delhi, with prices ranging from Rs 20 to […]

BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.more

India’s Biggest Indian Property Expo 2022 (6th Edition).

April 30, 2022

  WHY INDIAN PROPERTY EXPO? The Indian Property Expo is a great way to engage with participants and reach a larger market segment. The most extensive networking platform for industry executives. The best platform to showcase your affordable and premium projects. Innovative ideas from the people who are the driving force in the industry. 2000+ […]

India’s Biggest Indian Property Expo 2022 (6th Edition).more

Haryana: Individual electricity connections will be installed in each flat in group housing societies soon.

April 19, 2022

Instead of a single point connection, state discoms are considering providing individual connections to each residence in housing clusters such as highrise societies, according to officials on April 17. According to them, the move will ensure that each flat owner has a separate electricity connection. This could potentially lower household tariffs by bringing them under […]

Haryana: Individual electricity connections will be installed in each flat in group housing societies soon.more
construction

Builders in Delhi must pay a higher labour cess.

April 8, 2022

Builders will now be required to pay more money to the government as a labour cess, which will be used to fund various welfare schemes for labourers. The Delhi government’s labour department has revised the formula for calculating the cess for the first time since it was imposed in January 2006. The government has collected […]

Builders in Delhi must pay a higher labour cess.more
Housing Plots

After lying dormant for ten years, YEIDA reclaims plots from firms.

April 4, 2022

On March 31, the Yamuna Expressway Industrial Development Authority (YEIDA) cancelled plots allotted to eight builders who had failed to begin construction on sites handed over to them over a decade ago. In total, the industrial authority reclaimed 2.2 lakh square metres from private developers and issued a forfeiture order for Rs 27.3 crore in […]

After lying dormant for ten years, YEIDA reclaims plots from firms.more
Real estate

MCGM approves DB Realty’s partnership firm to build 4,000 apartments.

March 17, 2022

On March 11, D B Realty announced that its joint venture partner DBS Realty had received a letter of acceptance from the Municipal Corporation of Greater Mumbai (MCGM) to build 4,000 tenements. “In response to the firm’s online e-offer/online e-tender, DBS Realty, a partnership firm in which D B Realty Ltd is a one-third partner, […]

MCGM approves DB Realty’s partnership firm to build 4,000 apartments.more
DDA

The DDA has launched a web portal that displays Delhi’s layout plans.

March 9, 2022

According to officials, a web-based portal displaying layout plans of various regions of Delhi was inaugurated on Monday to make old records accessible to the public. According to them, the work was assigned to the Delhi Development Authority (DDA) by the Union Ministry of Housing and Urban Affairs as part of the government’s ‘Ease of […]

The DDA has launched a web portal that displays Delhi’s layout plans.more

The Delhi government will provide guidance on electric vehicle charging in residential colonies.

February 15, 2022

The Delhi government is targeting office building complexes, shopping malls, residential colonies, and group housing societies in the city to strengthen the city’s network of Electric Vehicle (EV) charging stations. While the government recently released a step-by-step guide for shopping malls to install chargers, officials said a similar guide for residential colonies would be released […]

The Delhi government will provide guidance on electric vehicle charging in residential colonies.more
Income tax return

East Delhi’s civic body has rejected a proposal to levy new taxes.

February 10, 2022

The EDMC House scrapped a proposal to impose new taxes in its annual budget on February 8, according to officials. The move comes ahead of the civic elections in Delhi, which are scheduled for April. Previously, on December 29, the standing committee of the BJP-led East Delhi Municipal Corporation (EDMC) rejected a proposal in the […]

East Delhi’s civic body has rejected a proposal to levy new taxes.more
Delhi High Court

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Court

February 7, 2022

The Delhi High Court has stepped in to help hundreds of “beleaguered” homebuyers by prohibiting banks/Housing Finance Companies (HFCs) from taking coercive action to recover EMIs for unfinished projects. Justice Rekha Palli recently granted an interim stay of proceedings in favour of homebuyers who invested in projects where the builders were supposed to pay EMIs […]

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Courtmore