BUSINESS
Haryana resident welfare associations express concern over draft phasing policy
The proposed policy allows a developer to break up projects into smaller phases, and allottees of one phase will have no say in the changes affecting another. This is one of the points of objection by the RWAs. They say the move is another effort to dilute the provisions of RERA.
BUSINESS
Noida Twin Towers Demolition: Edifice expedites work to complete charging of Apex with explosives by August 23
Noida Twin Towers Demolition: Edifice Engineering said that around 250-260kg of explosives are being deployed daily on average and the total quantity will be around 3700 kg.
BUSINESS
Charging of Noida Twin Towers with explosives to be completed by August 25: Edifice
Noida Twin Towers Demolition: A mock drill of the blast and its preparations will take place on August 25.
BUSINESS
Gurugram-based developer JMS gets notice for unauthorised sale of affordable plots
The DTCP asked the developer to submit its written reply and appear before the DTCP Gurugram office by August 19.
BUSINESS
Noida Twin Tower demolition on August 28; Edifice Engineering to charge buildings with explosives from August 13
The apex court on August 12 accepted the Noida authority's request to extend the demolition date to August 28 while allowing a bandwidth of 7 days until September 4.
BUSINESS
Trehan Iris to launch malls in Bengaluru, Gurugram, other cities
Trehan Iris has launched Iris Broadway Greno West in Greater Noida and the delivery of the project will start in 2025.
BUSINESS
Buyers in Supertech’s Twin Tower in Noida await refunds
Of the total 711 home buyers in the two towers, Supertech had settled claims of 652 home buyers, while refunds worth around Rs 14.96 crore of 59 home buyers remain pending.
BUSINESS
GDA receives 200 objections, suggestions on circle rate hike; decision delayed by a week
The final decision on the circle rate hike to be taken only after disposal of all the objections and suggestions from the public
BUSINESS
Twin Tower demolition to take place as per schedule, says Noida CEO Ritu Maheshwari
However, the picture will be more clear after the CBRI submits its report to the New Okhla Industrial Development Authority, the CEO added.
BUSINESS
Today Homes Ridge Residency: Litigations dragging case with homebuyers awaiting justice; all eyes on Supreme Court, NCLT
The approximately 13-acre project was to be completed by 2013-14 but almost a decade later, investors are stranded.
BUSINESS
Earth Infrastructure fraud: Buyers fume as Copia, Techone and Sapphire Court residential projects remain stuck
Although a resolution plan was cleared a year ago, there has been little movement. The three projects were launched between 2010 and 2012 but not a single unit has been delivered till date.
BUSINESS
Idea Builders-Manju J Homes Red Apple Projects: A tale of deceit and an alleged builder-bank nexus
While the case is similar to others in Noida and Greater Noida, what differentiates it is the allegation by some buyers of collusion between the builder and bank officials, something highlighted by the Debt Recovery Tribunal as well.
BUSINESS
Tashee Capital Gateway: The Gurugram development with closed doors
When Tashee Capital Gateway was launched in 2010, civilians and military personnel alike bought homes in the project on which the developer abruptly stopped construction in 2016, without specifying a reason. Their story is a cautionary tale for homebuyers.
BUSINESS
Earth Towne: Some died waiting, others chasing an elusive ray of hope
Launched in 2010 by Earth Infrastructure, the Earth Towne project promised to give buyers their homes within three years.
BUSINESS
Greater Noida’s Great Leap Forward: A data centre revolution with around Rs 8,000 crore investment
Greater Noida is all set to attract an investment of around Rs 8,000 crore dedicated to data centres, with Rs 7,000 crore coming from Hiranandani Group’s Yotta Infrastructure and Rs 1,000 crore from Japan’s NTT Global.
BUSINESS
MC Explains: How Haryana government wants to end malpractices in phasing of licensed colonies
The new guidelines, which mandate 2/3 consent from allottees for revision of layout plan/building plan, will restrict the arbitrary changes made by developers. However, the drawback is that the developer can manipulate/force the buyers who have booked flats for consent, as their money would get stuck.
BUSINESS
Noida Twin Towers Demolition: Residents rue lack of support from authorities for evacuation
Residents will also have to take their cars and two-wheelers along as no vehicle will be allowed within a 100-metre radius of the blast site, neither on roads, nor in the basements.
BUSINESS
Allow Mahira group or any agency to complete Gurugram project or compensate us, homebuyers say
The buyers want the developer's licence to be restored to complete the project. Some 1,500 buyers have been left in the lurch since May 17 when the project’s licence was cancelled
BUSINESS
Noida lift accident: Uttar Pradesh awaits Lift and Escalators Act as concerns rise
The number of high-rises in Noida are increasing fast. Residents in these buildings depend on lifts. Since lift maintenance is expensive, some RWAs shift the AMC from the original equipment provider to local vendors. This, and the quality of maintenance, have the residents worried.
BUSINESS
Ansal submits Rs 5.42 crore bank guarantees with DHBVN; 700 residents of Esencia, Versalia may get power connections
The buyers could not move to their new homes after DHBVN refused to issue new power connections to them 10 months ago, citing the lack of sufficient infrastructure including a substation and transformers that were supposed to be provided by the developer.
BUSINESS
Haryana draft rule seeks developers to submit sinking-fund details to body of allottees
The draft not only seeks to rein in builders but also specifies the conditions under which the association of the allottees can take financial decisions. It also asks promoters of real-estate projects to provide the details of buyers on notice boards. Now, buyers from even the same project are finding it difficult to contact one another, say experts.
BUSINESS
DTCP withdraws order blacklisting Mahira Buildtech, Czar Buildwell after flats worth Rs 46 crore offered as mortgage guarantee
Mahira Group has submitted the mortgage deed and the same has been registered with the Gurugram sub-registrar, the order stated
BUSINESS
Change in rule for setting up site office to increase reliability, reduce chances of litigation: Senior town planner
Senior town planner, Gurugram, Narendra Singh Solanki said that a need to revise the guidelines was felt because as per the previous definition of a temporary structure, the requirement of a site office cannot be fulfilled.
BUSINESS
Gurugram: Formalising buyback plan, Green View homebuyers to be informed shortly, says NBCC
NBCC, in a regulatory filing on July 14, said that it will settle the Green View issue with homebuyers by way of buyback.
