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Hyderabad to sport 150 million sq ft office space by 2025?

HYDERABAD: The city’s office space supply could well cross the 150 million square feet (sft)-mark by 2025. At least so it seems from industry reports, which indicate that Hyderabad, already sitting pretty on a supply of 70 million sft, is likely to add another 80-odd million sft to its kitty over the next four ...

July 30, 2021

Dehradun civic body to charge commercial tax from unauthorised hostels

DEHRADUN: Planning a crackdown on unauthorised hostels, Dehradun Municipal Corporation (DMC) will now charge commercial tax from such property owners. Following the orders of the Dehradun municipal commissioner, Vinay Shankar Pandey, the officials from DMC had carried out a survey of hostels active in the city in nearly 20 localities. During the survey, the ...

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July 30, 2021

Over 88,200 government-funded vacant houses available to be converted into ARHCs

About 88,236 existing government funded vacant houses are available to be converted into Affordable Rental Housing Complexes (ARHCs) for rental accommodation to migrants under Model-1 of ARHC scheme, according to Ministry of Housing & Urban Affairs. However, no vacant houses are available in Telangana for rental accommodation to migrants under Model-1. According to the ...

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July 30, 2021

Lucknow civic body to raze 515 shops for commercial complex

LUCKNOW: Lucknow Municipal Corporation will demolish about 515 shops under its jurisdiction in Kaiserbagh to construct a commercial complex in the area. Similarly, another commercial unit is proposed to be constructed near Samta Mulak Chowk. According to LMC officials, the civic body had rented around 515 shops to local traders and shopkeepers in 2002. ...

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July 29, 2021

Strata raises $6 million from Kotak Investment Advisors, others

NEW DELHI: Proptech startup Strata, which facilitates fractional ownership of commercial real estate, has raised USD 6 million (around Rs 44.6 crore) from investors including Kotak Investment Advisors to expand its business and grow its asset under management. In a statement, Strata said it has raised USD 6 million in a Series A funding ...

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July 29, 2021

Flyjac Logistics acquires 22.3 acres of land from Macrotech Developers in Mumbai region

Flyjac Logistics, a subsidiary of Japanese firm Hitachi Transport System Group, has acquired 22.3 acre land in Macrotech Developers’ industrial park in the Mumbai region. In a statement, Macrotech Developers, erstwhile Lodha Developers, said it has signed a deal with 3PL (third party logistics) provider, Flyjac Logistics. “The agreement will see Flyjac Logistics acquire ...

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July 29, 2021

About 3.88 lakh homes built under PMAY-U in Andhra Pradesh in last three FYs

NEW DELHI: As many as 3.88 lakh low-cost houses have been constructed in Andhra Pradesh in the last three financial years under the Pradhan Mantri Awas Yojana (Urban), the government told the Rajya Sabha on Wednesday. In a written reply to a question asked by Rajya Sabha MP Parimal Nathwani, Minister of State for ...

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July 29, 2021

DDA extends last date for payment of cost of flats under 2019 housing scheme

NEW DELHI: The Delhi Development Authority (DDA) on Tuesday said it has extended the last date for payment of cost of flats under 2019 Housing Scheme to September 30, subject to certain conditions. This extension will be applicable to all the allottees irrespective of the fact whether they have made any payment or not, ...

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July 28, 2021

Slum dwellers of Berhampur demand rehabilitation before eviction

File photo BERHAMPUR: Slum dwellers on Monday staged a demonstration in front of Berhampur Municipal Corporation (BeMC) demanding rehabilitation before eviction. The slum dwellers under the banner of Basti Basindha Surakshya Manch also submitted a memorandum to the BeMC commissioner. Earlier, different courts directed state governments to rehabilitate slum dwellers before evicting them, said ...

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July 27, 2021

DLF’s Q1 sales bookings jump nearly 7-fold to ₹1,014 crore despite second wave of Covid

Realty major DLF’s sales bookings jumped nearly 7-fold year-on-year to ₹1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram. The company’s sales booking stood at ₹152 crore in the April-June quarter of the 2020-21 fiscal year because of the nationwide lockdown to ...

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July 27, 2021