The Gurugram bench of Haryana Rera on Friday issued a notice to blacklist and debar a real estate company, Empire Realtech, and its promoter CHD Developers from launching any new project till ongoing ones are completed. It’s the first time the regulator has taken such a tough measure as delays in delivery of homes have […]
The Haryana Real Estate Regulatory Authority (H-Rera) on Thursday ordered a city-based developer to pay delay possession charges (DPC) of Rs 2 crore to homebuyers for failing to deliver flats in time. H-Rera chairman KK Khandelwal directed Spaze developers to pay the compensation to the homebuyers, while disposing of complaints by over 80 allottees in […]
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has allotted 140 acre land to Flipkart for setting up their largest Fulfillment Centers in Asia, an official statement said on Wednesday. The Fulfillment Centers will have a covered area of 3 million square feet at Patli Hazipur, Manesar in Gurugram district, the statement issued by […]
Indian real estate leaders have welcomed today’s RBI’s resolve to continue with an accommodative monetary policy stance and focus on reviving growth. RBI’s six-member Monetary Policy Committee on Friday voted unanimously to retain the repo rate at 4 per cent while keeping its policy stance accommodative. As per reports, the central bank sees the economy […]
The RBI today kept the repo rate and reverse repo rate unchanged at 4% and 3.35% respectively. The Apex Bank also announced on-tap TLTRO for Rs 1 trillion at 4% till March 2021 and will conduct OMO worth Rs 20,000 crore next week. The RBI governor also announced that the RBI will take steps that […]
MRG World, a leading player in the affordable housing segment has recently launched a campaign ‘Kharido Dukaan aur Jeeto Makaan’ for its Gurugram based commercial and residential projects. Taking into account the feedback received from interested buyers during the lockdown, MRG World planned a campaign which will help them deliver their buyers a double offer […]
Co-founder and Joint managing director of MRG World, Rajat is a resolute and staunch team leader. He is a young entrepreneur with a decade of experience in diverse business ventures in the education sector, agro sector and in commodities. He grasped earlier on that ‘Innovation is the key to growth in this world’ and inspired […]
Strategically located between Manesar, Gurugram, and Delhi, New Gurugram is poised to emerge as a prominent realty hub in NCR due to a spate of infrastructural developments, thrust by the government and initiatives by private developers. Comprising Sectors 102 to 113 and Sectors 76 to 95 & 95A along the upcoming Dwarka-Gurgaon Expressway, New Gurugram […]
The Reserve Bank of India (RBI), in its fourth bi-monthly monetary meet held on October 9, 2020, has decided to keep the repo rate unchanged. This is the second time in a row the apex bank has kept the key rates unchanged. Here is what the real estate industry said: Dr. Niranjan Hiranandani, President (National) NAREDCO […]
In a boost for the Delhi-Gurugram Regional Rapid Rail project, the Haryana Shahari Vikas Pradhikaran (HSVP) has decided to hand over 75 acres of the 182 acres of land required for the construction of a crucial rail depot at Dharuhera. Senior HSVP officials from Gurugram, who were in Chandigarh on Wednesday, said the matter was […]