Trump Organization to Launch Maiden Commercial Project In India This Year

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...

Read More

Developers to Focus on Ramping Up Systems for Rera Compliance

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...

Read More

Housing Ministry Sanctions Upto 5 Lakh Affordable Houses Every Month

The ministry has also come out with eight models to promote private sector participation in the affordable housing sector

Admitting that India’s urban infrastructure was under “extreme strain”, Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has said the government was committed to bringing holistic transformation in the country’s infrastructure development, including providing 12 million houses in urban areas by 2022.

Sanctioning at a rate of 3 lakh to 5 lakh affordable houses per month under the Pradhan Mantri Awas Yojana (PMAY), Puri said the government is committed to providing “12 million houses in urban areas by 2022 as part of its home-for-all campaign”...

Read More

DTCP Invites Bids to Build 3 Lakh Affordable Homes In Gurgaon

DTCP had issued affordable housing licences over 331 acres, on which around 46,000 units are at different stages of completion, in sectors along Northern Peripheral Road (NPR), also known as Dwarka expressway, and Southern Peripheral Road (SPR).

GURUGRAM: The supply of affordable housing in Gurgaon, one of India’s largest real estate markets, is expected to see a significant boost, after the department of town and country planning (DTCP) invited fresh applications for licences to build over 3 lakh affordable housing units.

Haryana amended its Affordable Housing Policy 2013 in October 2017, to extend an existing cap of 300 acre in Gurgaon district to 1,935 acre...

Read More

Haryana to Revise Affordable Housing Policy

Haryana housing minister Kavita Jain said on Sunday that chief minister Manohar Lal Khattar had approved a new affordable housing policy to provide cheaper houses to people of small urban areas, especially in the old city boundaries of the state

The Haryana government has decided to revise its affordable housing policy to realize the target set by the Centre under the “Housing for all by 2022” plan.

Haryana housing minister Kavita Jain said on Sunday that chief minister Manohar Lal Khattar had approved a new affordable housing policy to provide cheaper houses to people of small urban areas, especially in the old city boundaries of the state. This would provide affordable houses to people near their workplaces...

Read More

Over 37,000 To Get Homes Under Pmay in Gurugram

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...

Read More

20 Property Dealers File Papers At New Haryana Rera Office

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...

Read More

Nearly 40 Structures Razed To Clear Way For Dwarka Expressway

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...

Read More

Dtcp Halts Construction Of Illegal Colony In Gurugram’s Badshapur

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...

Read More

Circle Rates Revised In Gurugram, Realtors Sense Revival in Market

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...

Read More
Social media & sharing icons powered by UltimatelySocial