BUSINESS
How Smart City projects are changing real estate dynamics in Hubballi, Karnataka
Under the smart cities mission, the green mobility corridor has been developed on a 4.5-km stretch above the Unkal nullah (drain), where the HDSCL has taken measures to stop flooding in the surrounding areas. It has also developed a non-motorised transport network all along the drain. Similarly, the Tolankere lake has been redeveloped and citizen centric amenities have been provided under the initiative.
BUSINESS
Balcony collapse in Gurugram's Chintels Paradiso Housing Complex raises safety concerns again
This housing complex gained public attention earlier in 2022 when a segment of the sixth floor of Tower D collapsed, tragically resulting in the loss of two lives.
BUSINESS
Yamuna Expressway Authority likely to extend deadline of group housing scheme by 2 weeks
Under the scheme, six group housing plots are being offered in different categories. The sizes of these plots range between 20,000 square metre (sqm) and 40,000 sqm. The reserved price of plots has been fixed between Rs 61.5 crore and Rs 135.3 crore depending on the size and location.
BUSINESS
5,741 flats registered in Greater Noida between January and September, up 30 percent
GNIDA said that registries of 4,398 flats were executed last year between January 1 and September 30. According to estimates, currently there are 80,000 to 90,000 registries pending in Greater Noida on account of different reason including builder dues.
BUSINESS
Chintels Paradiso case: Residents want solution on lines of Signature View Apartment case, demand reconstruction of flats
In the Delhi housing society case, the builder was ordered to rebuild the flats and compensate evicted residents for rent.
BUSINESS
Here’s what you should know about DDA’s Diwali housing scheme
According to sources, the DDA is likely to offer around 32,000 flats of different categories. However the number of flats on sale may be increased or decreased at the time of launch.
BUSINESS
Yamuna Expressway Authority floats scheme for plots for hotels near Noida International Airport
The scheme will close on November 20. The plots will be allotted through e-auction on November 29. Successful bidders will have to complete the first phase of work within three years while the entire project will have to be completed within five years
BUSINESS
Smart City Mission transforming Hubbali and Belagavi in Karnataka
Both cities have completed a majority of the projects planned under the smart cities mission, and include unique initiatives such as a Mahila Bazar and a therapy centre for specially-abled children.
BUSINESS
Nearly 2,300 DDA flats sold 100 days after launching housing scheme
DDA announced several measures such as allowing existing homeowners to buy a second property, combining apartments and organising site visits, all of which added to the lure of the project.
BUSINESS
Yamuna Expressway authority may roll out 2,000 more plots as previous scheme turns a hit
On October 18, the authority had held a draw for 1,184 residential plots in three different sectors. As many as 1.4 lakh people had applied for the plots located in YEIDA sectors 16, 17 and 20, along the Yamuna Expressway.
BUSINESS
Rapid rail inauguration may boost property prices along route in Ghaziabad
Price appreciation will also depend on factors such as the law and order situation in the area, last-mile connectivity and civic amenities, experts say
BUSINESS
7 things to know about DDA’s mega auction for 453 properties
The reserve prices are set around the circle rates, which is seen as a good strategy to attract a large number of bidders.
BUSINESS
Haryana govt approves policy to convert residential plots to commercial, move may boost property prices
The property owners will have to pay conversion charges as defined by the town and country planning department along with other charges
BUSINESS
Chintels Paradiso: Gurugram administration asks developer to conduct safety audit of A, B, C towers
The administration also issued instruction to expedite the process of settlement with affected homebuyers.
BUSINESS
Yamuna Expressway Authority launches scheme to allot 119 industrial plots
The scheme is being offered in Sectors 28,29,32 and 33. The plots will house toy parks, handicrafts and furniture manufacturing units. The scheme closes on October 27.
BUSINESS
Five things to know about Yamuna Expressway Authority’s group housing plot scheme
The last time YEIDA had allotted group housing plots was in 2014.
BUSINESS
Yamuna Expressway Authority likely to float global tender for MRO unit at Jewar airport by Oct-end
The land allotment process is likely to begin by year-end, said officials of YEIDA.
BUSINESS
Filmmakers evince interest in UP Film City project; Akshay Kumar, Kangna visited site, say officials
The Yamuna Expressway Industrial Development Authority had floated a global tender on Sept 30, offering many concessions, after the first two bids failed to attract investors. This time, investors are showing a good response. Sony and Universal representatives are likely to meet officials this month
BUSINESS
Gurugram Global City authorities invite bids for four mixed-use plots
The Global City will have dedicated pathways for walkers and cyclists. Various modes of public transport, such as the RRTS and the Gurugram-Bawal metro corridor, are likely to pass through the city. It will have 60-metre-wide arterial roads and 45-metre-wide sub-arterial roads.
BUSINESS
Puravankara sees record quarterly sales value in Q2; performance of realty cos upbeat
Puravankara clocks sales value of Rs 1,600 crore for any quarter since inception -- up by 102 percent YoY. All the five real-estate companies that have declared results so far have shown good Q2 performance.
BUSINESS
Chintels Paradiso case: Gurugram district administration says another tower “unsafe”, residents should vacate in 15 days
Officials said that during the review of the report it was found that Tower H was “unsafe for human habitation” and should be vacated within 15 days.
BUSINESS
Signature View Apartment case: DDA sets Nov 30 deadline to vacate complex
The 12-storey towers were declared structurally unsafe by IIT Delhi last year. After this, the DDA had asked the 1,200-1,300 residents to vacate the premises. Once they vacate, DDA will make preparations for the demolition of the towers.
BUSINESS
Haryana govt waives interest, penalty of Rs 8,000 crore on outstanding property tax
Also, state Chief Minister Manohar Lal Khattar announced a rebate of 15 percent on property tax arrear payments.
BUSINESS
Stuck housing projects: UP may bring rehabilitation package, suspend penalties on developers to revive units
A meeting of senior officials last week also discussed partial surrender of projects to recover dues and introduction of zero period of four years. The state cabinet will take a final decision after consulting the Centre.
