GURUGRAM: The department of town and country planning (DTCP) has suspended the licences of three affordable housing projects in the city for the developer's failure to comply with their terms and conditions. The licences were granted to Ocean Seven Buildtech Pvt Ltd in 2016, 2018 and 2019 to develop Expressway Towers in Sector 109, Golf Heights in Sector 69 and The Venetian in Sector 70, respectively....
by Propinvesta 
GURUGRAM: Two more towers in the Chintels Paradiso society, where two persons died last year after its Tower D partially collapsed, have been declared unsafe, officials said on Tuesday citing a structural audit report by IIT-Delhi. Towers E and F of the society in Sector 109 are not fit for habitation, Additional Deputy Commissioner (ADC) Vishram Kumar Meena said, adding that the IIT-Delhi team...
by Propinvesta 
New York Life Insurance Company will invest Rs 290 crore to acquire 49 per cent stake in an upcoming commercial project in Gurugram being developed by Max Group firm Max Ventures & Industries Ltd (MaxVIL). In September last year, MaxVIL's arm Max Estates Ltd acquired Acreage Builders at an enterprise value of Rs 322.50 crore. Acreage Builders owns 7.15 acre land at Golf Course...
by Propinvesta 
GURUGRAM: Displaced homebuyers of NBCC inexperiencedread in Sector 37D have rejected the settlement offer projected by the state-run construction company to end the compensation. In March last year, the residents had to vacate their flats within the society when the building was deemed “unfit for occupation”. Earlier this month, the developer had proposed to supply the full payment of the flat by...
by Propinvesta 
Gurugram: Intensifying its drive against illegal commercial i activities being carried from residential plots in licensed colonies, the department of town and country planning ( DTCP ) has served notices to the owners of 70 such plots in sushant lok 1 on tuesday. The department has served show cause notices to...
by Propinvesta