In 2016, Trump Organization had entered into its first commercial office deal in India with private equity fund and developer IREO

NEW DELHI: After making India its largest market with most number of Trump branded properties outside of North America, Trump Organization is in process to launch its maiden commercial real estate project in the country later this year.

“We will be launching a commercial project in India this year,” said Donald Trump Jr., Executive Vice Chairman of The Trump Organization.

The American real estate firm is also keen on forming alliances for hospitality projects in India but will take a decision on this at an “appropriate time”, he added.

In 2016, Trump Organization had entered into its first commercial office deal in India with private equity fund and dev...

RERA has the ability to address these unstructured practices and completely change the landscape of real estate sector, including the way the business transactions are being done

RERA is undoubtedly one of the most significant regulatory developments for the real estate sector. Over the years, real estate sector has been characterised by myriad unstructured practices, which has given a very different perception of the sector to the larger stakeholders of the economy. These practices have led to increase in the number of litigations, marked with worsening customer sentiments as seen in the recent times.

RERA has the ability to address these unstructured practices and completely change the landscape of real estate sector, including the way the business transactions are being done...

Government agencies such as Huda, MCG and HSIIDC will work together on the project, identity land and build houses.

GURUGRAM: As many as 37,400 houses will be made available in the district under the Pradhan Mantri Awas Yojna, according to MCG, which has already prepared the detailed project report (DPR).

An MCG official told TOI that the corporation received more than a lakh applications seeking the benefits under the scheme, and 28,839 applicants were shortlisted in MCG areas, 1,841 in Pataudi Municipal Corporation areas, 791 in Farrukhnagar, 1,412 in Haily Mandi and 4,580 in Sohna.

“An agency called Yashi Consultancy Pvt Ltd was appointed for the survey to assess the demand under the national scheme...

Chairman of H-RERA Dr KK Khandelwal said that registrations and complaints were not being filed in the proper format but the office had not rejected any.

GURUGRAM: The new office of Haryana Real Estate Regulatory Authority (H-RERA) has received 20 applications from those seeking registration as property dealers in two days after starting operations on Tuesday.

Chairman of H-RERA Dr KK Khandelwal said that registrations and complaints were not being filed in the proper format but the office had not rejected any.

He said applicants were being informed about the procedure to follow for getting registered as property dealers. “A standard format has been prepared which has also been put on our website,” said Khandelwal.

Khandelwal said that registrations would be granted, subject to conditi...

The road is almost complete in Gurgaon, except at Kherki Daula and New Palam Vihar, relocation of houses coming in the way of the road has delayed the project.

GURUGRAM: Moving a step closer to end-to-end movement of vehicles on Dwarka expressway, Haryana Urban Development Authority (Huda) on Thursday demolished nearly 40 boundary walls around vacant plots in New Palam Vihar. The move is aimed at clearing the way for movement of vehicles through New Palam Vihar.

“We demolished walls of vacant plots to take possession of these plots to make a 40ft-wide road running through New Palam Vihar, as a temporary way for commuters to reach Kherki Daula from Sector 115,” said Huda administrator Yashpal Yadav...

According to senior officials, some local BJP functionaries have a stake in the under-construction unauthorised colony

GURUGRAM: The district town and country planning department (DTCP) has clamped down on an illegal residential colony that is being constructed in Badshapur allegedly on a government land.

According to senior officials, some local BJP functionaries have a stake in the under-construction unauthorised colony.

Officials said the department has already slapped showcause notices on four residents and asked them to appear before the district town planner along with the site plan, registration deed and other necessary documents...

Every sector or colony has different rates, and for the first time, roads like Golf Course Road, MG Road, Delhi-Gurugram expressway and Sohna road have been categorised as a separate circle with similar rates

GURUGRAM: The district administration has announced revision of circle rates in Gurugram after a gap of four years, to be implemented from Monday, February 12, reversing a trend where circle rates had remained unchanged in 2014-15 and 2015-16, before being reduced by 5-10% over the past two years, owing to slump in the real estate sector. Realtors believe the upward revision is an indication of revival of the sector.

The new circle rates has divided the city into different areas...