Emaar Greens residents meet deputy commissioner over CAM fee hike, Real Estate News, ET RealEstate

GURUGRAM: Residents of Emaar Gurgaon Greens in Sector 102 met deputy commissioner Amit Khatri on Tuesday and demanded rollback of the proposed hike in common area maintenance (CAM) rate. They have sought reduction of the current CAM rate from Rs 3.65 per sq ft to Rs 2. The residents said they are already paying very […]

Haryana CM asks DTCP to fix fire safety system in Sare Homes, Gurugram, Real Estate News, ET RealEstate

GURUGRAM: Haryana chief minister Manohar Lal Khattar on Saturday directed the department of town and country planning (DTCP) to immediately operationalise the firefighting system in Sare Homes, a housing society in Sector 92, and recover the cost of the same from the assets of the builder. The direction came during the grievance committee meeting chaired […]

DTCP denies completion papers to Malibu Towne, Real Estate News, ET RealEstate

GURUGRAM: The department of town and country planning (DTCP) has denied a completion certificate to Malibu Towne as the developer failed to complete construction of community sites. The township has around 16 approved community sites, of which only 11 have been constructed so far. Malibu Towne has been mired in controversy for a host of […]

Varde Partners to acquire two commercial assets in NCR at over Rs 1,000 crore, Real Estate News, ET RealEstate

NEW DELHI: US-based Varde Partners is in talks with New Vernon Capital to acquire two commercial buildings in Gurugram and Noida, three persons with direct knowledge of the deal said. The deal is expected to be worth more than Rs 1,000 crore, with the complex in Gurugram’s Udyog Vihar costing Rs 600-700 crore. The buildings […]

CapitaLand secures Rs 1,700 crore from DBS & HSBC India for business park developments, Real Estate News, ET RealEstate

BENGALURU: CapitaLand has secured its first three green loans in India, totalling Rs 1700 crore (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in India. Proceeds from the green loans will be used […]

RWA charges extra, Suncity residents file police complaint, Real Estate News, ET RealEstate

GURUGRAM: The residents of Suncity, a residential township located on Golf Course Road, have alleged that they are being harassed by the RWA of the colony. They have filed a police complaint demanding action after the Suncity RWA raised Value Added Services (VAS) invoice to the residents. “We completely oppose this move. It is unlawful […]

No clarity on funds to complete Golf Avenue, say CHD homebuyers, Real Estate News, ET RealEstate

GURUGRAM: The homebuyers of CHD 106, Golf Avenue in Sector 106 are unsure about the funds required for the completion of the project after the Haryana Real Estate Regulatory Authority (HRera) ordered a forensic audit of the accounts of the developer and floated the possibility of takeover by the buyers. In a recent order, HRera […]

DHBVN prohibits builders & RWAs to alter power meters to charge other fees, Real Estate News, ET RealEstate

File photo GURUGRAM: The Dakshin Haryana Bijli Vitran Nigam (DHBVN) has passed an order prohibiting builders and RWAs to make any changes in electricity meters of individual consumers to account for any other charges other than power consumption. Passing an order in response to a complaint filed by a flat owner of Uniworld Gardens-II alleging […]

Income hit, Gurugram residents seek upkeep fee cut, Real Estate News, ET RealEstate

GURUGRAM: Residents of some housing societies in Gurugram are demanding the reduction of maintenance charges citing financial instability and loss of jobs due to the pandemic. They have also alleged that maintenance agencies have reduced their manpower, affecting the quality of their work, and so the upkeep fees should be brought down. Yashesh Yadav, a […]

Six years on, no flats yet, Supertech Basera buyers protest, Real Estate News, ET RealEstate

GURUGRAM: Homebuyers of Supertech Basera, an affordable housing project in Sector 79, protested at the project site on Sunday against the developer as their flats, booked six years ago, haven’t been delivered yet. According to buyers, only two of the project’s 15 towers are near completion, while the rest aren’t even 60% complete. Buyers said […]

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