Red tape leaves Games flat owners in lurch

Posted on February 2, 2012 by Deepti

DDA Refuses To Regularize Construction Over & Above Sanctioned Plan Without Govt Nod

New Delhi: Around 450 people are yet to get possession of Commonwealth Games Village flats with the DDA refusing to regularize construction over and above the sanctioned plan without the Centres approval.
The dispute revolves around the compoundable limit of the constructed area of 2.27 lakh square metre in the Games village.
To organize the Games,DDA had given 1,10,000 sq metre land to Emaar MGF to build Continue reading →

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MCD told to hand over urban roads by February-end

Posted on February 2, 2012 by Deepti

New Delhi: The Municipal Corporation of Delhi (MCD) has started the process of handing over roads, with a width of over 60 feet, to the Public Works Department (PWD.)

Delhi chief secretary PK Tripathi said the government had asked the MCD to hand over all such roads to the PWD within a month.

“The process of taking over these roads has started. We had recently written a letter to the MCD commissioner to hand over all such roads to us by February end,“ Tripathi said.

Of the 27,000 kilometres of road network the MCD maintains, about 10% are arterial Continue reading →

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On Day 1,8 banks sealed as part of Noida drive

Posted on February 2, 2012 by Deepti

Noida: Two days after it had issued a final notice asking commercial units to stop operating from residential plots in the city,the Noida Authority cracked the whip on Wednesday and sealed 11 properties in sector 19, including eight branches of public and private banks.
Around 10.30am,a team headed by Noidas administrative officer Deep Chandra swooped down on a branch of a private bank.Finding it already closed to public,it obtained an affidavit from the manager stating that the bank was closed and in the process of shifting operations. Continue reading →

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BPTP launches Rs 500 cr housing project

Posted on February 1, 2012 by Deepti

New Delhi: Realty company BPTP today said it has launched a Rs 500-crore housing project in Gurgaon.
Under the project, the company will offer 100 units with each unit costing Rs 5 crore, the company said in a statement.

“A luxury home buyer does not want an assembly line product but something that is unique and individual … Keeping this desire for self-expression in mind, BPTP has launched Chateau,” BPTP Senior Vice President (Marketing) Amit Raaj Jain said.  Source>>>

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Where has Tata Housing (Camelot) project ‘violated law’, HC asks petitioner

Posted on February 1, 2012 by Deepti

Chandigarh: Making it clear that “visions do not make laws”, the Punjab and Haryana High Court today tested the “bonafides” of the petitioner who has challenged the much-debated Tata Camelot housing project coming up in Kansal. The High Court also questioned D S Patwalia, counsel for the petitioner, Aalok Jagga as to why the scope of the petition has been narrowed down to Punjab and why the violations done by Haryana in the periphery have not been objected to.

Observing that the petitioner is “skating on thin ice”, the division bench comprising Continue reading →

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Work on phase 3 begins

Posted on February 1, 2012 by Deepti

New Delhi: The Delhi Metro on Tuesday started boring tunnels for the construction of the Central Secretariat-Mandi House underground corridor.

With this, the civil construction for Delhi Metro’s phase 3 expansion has begun in full swing.

The Kashmere Gate-Central Secretariat corridor, which will have eight stations, will be ready for operation by the end of 2014.
It is expected to take a sizable portion of commuter load from the busiest interchange station of Rajiv Chowk. Continue reading →

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Rlys plans makeover of Gzb,Gurgaon stns

Posted on February 1, 2012 by Deepti

New Delhi: His two-year tenure brought about revolutionary changes.The old Delhi railway station boasts of a new entrance, the New Delhi station wears a brand new look and complaints regarding passenger amenities have seen a phenomenal 70 per cent fall in the past one year.
The man at the helm of the change general manager of Northern Railway S K Budalakothi, who retired on Monday,said the Delhi division will undertake a slew of projects in the next few months.The projects include the renovation of Sarai Rohilla station, Continue reading →

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Former army vice-chief booked in land scam case

Posted on February 1, 2012 by Deepti

Pune: The Indian Army has been entangled in another land case, after the Adarsh and Sukna scams, with the CBI on Monday booking two retired officers -including former southern command chief and vice-chief of army staff Lt Gen (retired) Nobel Thamburaj -and a local builder.

The agency accused Thamburaj, a 1960 batch officer who retired from service in September 2009, and retired defence estate officer, Pune Circle, Sevak Nayyar of abusing their positions to transfer a prime 0.96-acre army plot worth R46 crore at Pune Continue reading →

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Sealing drive to begin in Noida today

Posted on February 1, 2012 by Deepti

Noida: Fearing action from the Noida Authority which has decided to start its sealing drive from Wednesday, commercial establishments operating out of residential areas in Noida have started shutting shop.The targets for sealing include banks.
As customers made a beeline to empty their bank lockers around 75,000 lockers had been cleaned out, sources claimed the Noida Bank Residents Premises Association planned to move court against the drive.
The industrial sectors of Noida too received notices to stop violating the land use defined Continue reading →

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‘Luxury home prices plunge in Mumbai’

Posted on January 31, 2012 by Deepti

Mumbai: The high-end residential market in the country’s financial capital has witnessed the steepest fall in prices in a survey of global cities over the last one year even though average property prices in the city continue to be considered unreasonably high.

According to the prime global cities index by property consultants Knight Frank that tracks luxury residential trends in 23 key global cities, the Mumbai luxury market has registered the maximum dip at 18 per cent.

The properties in the premium segments include the top 5 per cent of the housing market Continue reading →

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