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UBS Signs ₹263-Crore Rental Deal for Pune’s Yerwada Tower

Global financial services firm UBS Group AG’s Indian subsidiary has signed a long-term lease for a complete commercial tower in Pune’s Yerwada area with Smartworks Coworking Spaces, with total rental costs exceeding Rs 263 crore. The managed office facility at Tech Park One on Airport Road encompasses approximately 165,290 square feet and accommodates about 1,520 workstations. The lease spans the ground through the seventh floor and began on January 15. According to property registration documents reviewed by RealtyDailyNews, UBS Business Solutions India, the subsidiary based in Zurich, will pay an initial rent of around Rs 240 per square foot per…

SC Hearing Next Week: Sports City Builders Begin Repayment

NOIDA: In response to notices from the Noida Authority, several builders engaged in the Noida Sports City projects have begun settling their outstanding dues. A notable action includes a consortium partner of the Sector 150 Sports City project, led by Lotus Green Constructions, which has made a payment of Rs 80 crore. Officials indicated that other consortium partners in this project have also shown readiness to make payments and are expected to do so shortly. Back in March, the Authority issued notices mandating developers to clear longstanding dues within one month, as per a high court directive from February. Outstanding…

Civic Body Demolishes 32 Flats in Gurugram Without Approval

Certainly! Here’s a rewritten version of the content: GURUGRAM: In a significant action against unauthorized constructions, the enforcement team of the corporation demolished and sealed 32 under-construction flats on Tuesday. According to officials, the illegally constructed flats were situated in Anamika Enclave, Sector 14, lacking mandatory map approval from the MCG and a fire safety NOC. “The building was missing a fire escape door, which is essential in case of a fire emergency,” stated MCG assistant engineer RK Mongia. He emphasized that any illegal construction in the city will not be tolerated, and similar strict measures will be enforced going…