BUSINESS
Stuck housing projects: UP Cabinet approves recommendations of Amitabh Kant committee
The recommendations comprise a slew of relaxations for developers, including a zero-period to waive interest and penalties imposed for financial default, officials aware of the matter said
BUSINESS
DDA to start e-auction of premium flats, including penthouses, from January 5
The Authority is offering 14 duplex penthouses, 170 super HIG flats, and 946 HIG flats in a complex in Dwarka’s Sector 19B. The complex, with an estimated construction cost of Rs 700 crore, has 11 towers.
BUSINESS
About 10 million sq ft office space leased out in Noida between 2020 and 2023: Colliers India
The availability of land, good infrastructure, skilled manpower, and sub-dollar rentals are some of the key factors that have attracted investors to Noida.
BUSINESS
Yamuna Expressway Authority to allot plots for hotels near Noida International Airport on Dec 22
The Yamuna Expressway Authority has extended the last date to apply for the scheme to December 14. The authority hopes to earn at least Rs 108 crore from the e-auction of these commercial plots
BUSINESS
DLF likely to launch first phase of its Andheri project before June 2024
The first phase of the project consists of 1 million square feet of development and is being developed in partnership with the Trident Group.
BUSINESS
Chintels Paradiso case: Flat owners demand higher buyback price, reconstruction of flats
Residents say that prices have appreciated in the last one year, and the builder should provide a buyback offer per the market rate. At present, residents do not have a rehabilitation offer on hand as both the offers — for reconstruction and buyback — have been withdrawn by the builder.
BUSINESS
RBI’s decision to hold rate to boost housing demand, say real estate experts
RBI policy meet: The central bank's move reflects its confidence in the country's economic fundamentals as well as growth prospects and will ensure EMI stability for borrowers
BUSINESS
Yamuna Expressway Authority extends last date to apply for Film City development to December 15
Prospective applicants, including a few global companies have sought more time to apply. The first deadline of November 30 did not attract many bids for the Film City project given the large nature of the project and investment involved.
BUSINESS
Got a job in Delhi? Here are one-bedroom rental options under Rs 30,000
A range of homes is available, depending on one’s budget and preferred area of stay, and they include co-living spaces and paying guest options.
BUSINESS
DDA housing scheme 2023: Registration starts for penthouses and luxury apartments
Apart from the high-end flats overlooking a golf course, the housing agency is also offering housing options for middle- and lower-income families.
BUSINESS
Thai realtor MQDC plans to launch mixed-use projects in NCR
A partnership with a local developer for a mainly luxury residential project is likely to be announced early next year
BUSINESS
Construction activities resume in Delhi-NCR as Centre revokes GRAP-III restrictions
GRAP-III was imposed on November 2, which restricted construction and demolition activities in Delhi and the larger National Capital Region. The order to revoke ban was issued on November 28.
BUSINESS
StanChart Global Business Services to shift Chennai staff to DLF Downtown IT Park
Work on the 6.8 million square feet IT park, spread over 27 acres, is ongoing and the entire campus is expected to be ready by 2026.
BUSINESS
Delhi real estate regulator withdraws order that led to stalling of property registrations
The move came after Lieutenant Governor VK Saxena convened a meeting on November 28 with Delhi RERA Chairman Anand Kumar at Raj Niwas and requested him to revisit the order.
BUSINESS
Will Chintels Paradiso housing complex be demolished the same way as Noida’s Supertech twin towers?
Going by early developments, that seems unlikely, with the consultants charged with bringing down the towers in Gurugram apparently inclined to go in for the mechanical method to raze the floors
BUSINESS
DDA housing scheme 2023: Registration starts for EWS, LIG flats, and penthouses from November 30
DDA housing scheme 2023: Under the DDA festival housing scheme, the allotment for the EWS and LIG flats will be on a first-come-first-served basis while the luxury flats will be allotted through an e-auction.
BUSINESS
Delhi RERA orders sub-registrars to stop registration of new properties violating building norms
The move is expected to curtail the unauthorised constructions of dwelling units far in excess of units sanctioned for a given space and plot size. In turn, the impact will be felt in unauthorised colonies, where such violation is common.
BUSINESS
Yamuna Expressway Authority likely to develop new residential sector near Noida Airport
The sources said the upcoming residential sector is likely to be named Sector 5 and will be close to the upcoming Noida International Airport. Nearly 1100 hectare land is likely to be acquired for this purpose.
BUSINESS
Registration for DDA’s housing scheme offering luxury penthouses to start from November 24
The Authority will charge a nominal registration fee for potential buyers to apply in the scheme. The DDA will soon issue a notification to this effect and also make available the link for application on its website.
BUSINESS
Senior living segment to see demand for 2 lakh units of specialized housing in next few years: ASLI
According to ASLI, there are currently 50 senior living projects in process from the top 10-12 players and 60 percent of which are in tier II cities this shows the rising demand even in tier II-III cities.
BUSINESS
Five things to know about DDA’s biggest festival housing scheme offering 32,000 flats
Registration for the scheme will start from next week and the date will be announced soon, DDA officials said. The flats will be located in Dwarka, Loknayak Puram and Narela
BUSINESS
Realtors’ body CREDAI-NCR requests Centre’s air quality panel to lift ban on construction activities
The developers say their losses have run into several hundreds of crores. Also, they fear that construction labour that is sitting idle, might head back home, causing further disruption in the schedules, thereby delaying projects further.
BUSINESS
Greater Noida Authority floats commercial plot scheme for shopping malls, hotels in six sectors
In all 22 commercial plots are being offered in eight sizes for reserve prices between Rs 21.94 crore and Rs 109.1 crore.
BUSINESS
Delhi fines NCR builders Rs 1.2 cr, forms inspection squads to fight pollution
The enforcement squads are also checking other violations such as burning of garbage, use of coal and plying of diesel trucks and BS IV diesel vehicles.
