Category: NCR Region

Construction quality must be checked by RERA authorities from the start of a real estate project: FPCE

February 23, 2022

As per the Forum For People’s Collective Efforts, the partial collapse of a tower at the Chintels Paradiso housing project in Gurugram, Haryana, has discovered serious lapses in the proper functioning of both development authorities and real estate regulators in the state under the realty law RERA (FPCE). The FPCE, an apex body for home […]

Construction quality must be checked by RERA authorities from the start of a real estate project: FPCEmore

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

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

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

Smartworks announces investment of US$25 Mn in its new Venture – Smartworks Technology Services.

January 27, 2022

Strengthens Senior leadership with appointment of Anuj Nangpal as CEO. Mumbai – December 13, 2021: Smartworks, India’s leading Enterprise-focused Managed office space provider, today announced the launch of its new venture, Smartworks Technology Services. The new venture aims to launch a Building Operating Platform and Workspace Management SaaS product targeted at landlords and organizations globally, centered on […]

Smartworks announces investment of US$25 Mn in its new Venture – Smartworks Technology Services.more

VBHC announces pre-launch of the “VBHC Rowland Park” in Palghar

January 26, 2022

The project offers modern amenities at affordable prices, and it is the only row house development in the region. Mumbai, 17th December 2021: VBHC Value Homes Private Limited (formerly known as Value and Budget Housing Corporation Private Limited), today announced the pre-launch of their new project “VBHC Rowland Park”, in Palghar, Maharashtra. The Rowland Park […]

VBHC announces pre-launch of the “VBHC Rowland Park” in Palgharmore

Facebook extends its office space in Mumbai’s BKC area with a new lease and renewals.

July 24, 2021

Facebook has taken 90,000 sq . ft in commercial tower One BKC in Mumbai’s business hub Bandra-Kurla Complex (BKC) through renewal and new lease agreements with Blackstone Group. The office space is being enlarged, and the firm is preparing for a cautious return to work for its employees. Several major corporations are extending their workplace […]

Facebook extends its office space in Mumbai’s BKC area with a new lease and renewals.more

Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.

July 17, 2021

On July 15, officials from the Noida and Greater Noida government, private developers, and homebuyers met to address the deadlock over delayed flat registration. The conference was presided over by Sanjiv Kumar Mittal, the state’s infrastructure and industrial development commissioner. The developers representing Credai and Naredco were requested to submit a new payment plan to […]

Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.more

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.

July 16, 2021

The top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino, Plum by Bent Chair, Mamagoto, Farzi Café, Lee, Wrangler & Cafe Warehouse, etc., insist on introduction of clauses in all new leases, which state that in the event of government-mandated closures of stores and business, they do not pay rent […]

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.more

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.

May 12, 2021

According to a Knight Frank report, prime office rentals in Bengaluru and Mumbai dropped 8% and 6.2%, respectively, from January to March 2021 versus the preceding year. According to the consultant’s Asia-Pacific Prime Office Rental Index Q1, 2021 survey, prime office rents in the national capital region (Delhi-NCR) fell by just 1% from January to March […]

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.more

Category: NCR Region

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