August 2017

Gurugram homebuyers to move consumer court against Haryana RERA

GURUGRAM: A group of homebuyers, unhappy with the provisions of Haryana’s Real Estate Regulation Act (Rera), are planning to knock on the doors of the National Consumer Disputes Redressal Commission (NCDRC) to protect their interests. The buyers, who have invested in various ongoing real estate projects across Gurgaon, have already lodged several complaints with the Haryana government, expressing...

Haryana builders seek 3 more months for registration under RERA

GURUGRAM: Several Haryana-based developers have approached the government, seeking an extension in the deadline for registration of projects under H-Rera. A majority of projects are yet to be registered, though the deadline for registration of on-going projects ended on July 31. Between July 28, when the final rule was notified, and July 31, the last date for registration, over 400 applications for...

Office rentals to remain strong across Bengaluru, Mumbai & NCR: Report

In the backdrop of strong demand from office space occupiers, commercialrentals in National Capital Region, Mumbai and Bengaluru will continue to outperform, said RICS’ India Commercial Property Monitor based on a survey. Of these cities, Bengaluru is expected to do better than the other two cities. Office rental forecasts over the next twelve months have been lowered slightly to 3.3% in the second...

Vivo leases 31,000 sq ft in Gurgaon for India HQ

Chinese mobile handset maker Vivo has picked up two floors spread over 31,000 sq ft office space in Emaar India’s office-cum-retail complex Palm Springs Plaza in Gurgaon on lease. Vivo is setting up its corporate headquarters for India operations at this newly leased space, said two persons familiar with the development. The deal assumes significance in the backdrop of current frosty relationship...

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