BUSINESS
Signature View Apartments: Residents demand compensation, implementation of LG’s directives in letter and spirit
Falling concrete, cracks in buildings pose threat to lives of residents in the high-rise towers. DDA to meet the residents on January 30 to thrash out the future course of action.
BUSINESS
Noida tea seller makes highest bid of Rs 3.25 lakh a month rent for kiosk in upscale Sector-18 market
Sonu Kumar Jha, a tea and gutka seller, has agreed to pay a 1,203 percent higher amount than the base rent of the kiosk. He will have to deposit 14 months’ rent in advance, which roughly amounts to Rs 45 lakh, to the Noida Authority.
BUSINESS
Greater Noida Authority launches scheme for allotment of 186 residential plots
These plots are located in Sector 2, Chi 3, Delta 2, Delta 3, Sigma 1, Sigma 2 and Phi 3; Scheme to close on February 3
BUSINESS
Supertech twin tower demolition: Noida Authority to conduct fresh sound test as residents complain of noise
The work to remove the debris has been stalled after residents of the area protested against the noise and dust pollution
BUSINESS
Homebuyers in Gurugram's Chintels Paradiso demand compensation at market rate
The revised evaluation report has been submitted to the district administration and a compensation order is likely to be issued in 2-3 days.
BUSINESS
Noida Authority plans to auction 17 industrial plots in February
The last date of registration for prospective buyers is February 3, while the deadline for the final submission of documents is February 5
BUSINESS
Poor response forces Noida group housing scheme seek a second extension
Only those real estate developers who will be able to pay the land cost within 90 days of the allotment will be able to buy these land parcels.
BUSINESS
UP developers seek lenient terms their counterparts in Haryana enjoy
The Uttar Pradesh chapter of the National Real Estate Development Council (NAREDCO) has written to UP Chief Secretary Durga Shanker Mishra requesting him to accept the OTS proposal by adopting either the State Bank of India’s MCLR or marginal cost of funds-based lending rate (simple interest) from the date of allotment, or adopt an OTS scheme on lines of Haryana’s “Samadhan se Vikas” policy, and then reschedule the outstanding amount thus worked out.
BUSINESS
Dedicated road to connect Yamuna Expressway, Banke Bihari temple; industry body plans 'heritage city'
The Authority also decided to develop a “heritage city” in the 500 metre to 1 km area on both sides of this greenfield expressway. Hotels, motels and recreational activities along the new greenfield expressway will also come up.
BUSINESS
Chintels Paradiso still await 'order of settlement' with builder; urge authorities to expedite the process
Residents are demanding either good enough compensation to buy a comparable apartment in the same or similar location, or give them new flats at the same site.
BUSINESS
Noida reschedulement policy: Only 2 builders opt so far, CEO directs to expedite flat registry process
The Authority CEO Ritu Maheshwari directed officials to initiate stricter actions such as cancelling the allotment of plots against defaulter builders. Directions have also been issued to expedite the process of execution of registration of flats in those housing societies cases of which are in NCLT and also of those builders who have been permitted flat-wise registries.
BUSINESS
Lukewarm response to industrial plot scheme prompts Noida Authority to again extend deadline for bids
According to officials, there are 6-7 plots where less than three applications have been received. Hence, the date was extended. The rules say that at least three applications should be received against each plot for the process to move to the next stage of e-bidding.
BUSINESS
Noida Authority signs MOUs worth Rs 58,000 crore ahead of UP Global Investors Summit
Investment proposals of Rs 30,000 crore have been finalised in real estate and retail sectors
BUSINESS
Residents rejoice as Greater Noida Authority permits registration of over 2,200 flats in 3 housing societies
The builders allowed to register homes in their projects are Starcity Real Estate, Enticement Limited and Gulshan Developers
BUSINESS
Noida Authority launches housing scheme to sell 340 flats in six sectors
The prices of these flats range between Rs 45 lakh and Rs 1.79 crore and the last date to apply is January 31, 2023.
BUSINESS
Delhi-Ghaziabad-Meerut RRTS corridor set to change real estate dynamics along the corridor
Real estate experts say that rates of properties in these areas have increased by 35-40 percent in the last two years.
BUSINESS
MC Explains: Will the re-schedulement policy for the payment of builders' dues help developers & homebuyers
Both developers and homebuyers said the scheme will not be of much use. Developers say the relief is paltry. Homebuyers say registrations should not be stalled as they’ve paid up.
BUSINESS
Homebuyers fear more delays following ban on construction in NCR
The Commission for Air Quality Management invokes Stage III of the Graded Response Action Plan, including a ban on non-essential construction and demolition in the National Capital Region
BUSINESS
Noida, Greater Noida authorities approve policy for rescheduling payment of dues owed by builders
The authority also cleared policies for keeping pets and maintaining structural safety of high-rises. It also approved extension of Noida Metro to Bodaki from Depot station in Greater Noida
BUSINESS
Noida Authority slaps Rs 235-crore payment notice on DLF in Mall of India land case
Authority sources said that the developer will have to pay the desired amount within 15 days else appropriate legal action will be taken
BUSINESS
Chintels Paradiso case: Evacuation of towers E and F still to take place; residents claim safety audit reports not yet received
The Gurugram district administration had, in November, ordered demolition of tower D after it was found unfit for habitation. The demolition order had also noted that there was sagging in one of the balconies of tower F, and other distress signs in various other flats of towers E and F. The administration had advised evacuation of these two towers.
BUSINESS
Chintels Paradiso case: Police arrest proprietor of firm involved in repair works
Amit Austin, who was the proprietor of the firm involved in the repair works, was arrested on December 21 by a SIT formed to probe the case, said the police.
BUSINESS
Green View apartment owners cry foul as NBCC stops rental assistance to residents evicted following cracks in building
NBCC says buyback offer has been given, and rental assistance cannot be given in perpetuity
BUSINESS
Gurgaon municipal authorities unleash Gestapo tactics on dogs and pet owners
MCG warns that unregistered dogs will be ‘destroyed or disposed of’, seizes a German Shepherd, mini Bully, Pakistani Bully and a Pitbull. 11 foreign breeds have also been banned. Activists say the authorities cannot invade people’s homes and take their dogs away or kill them, regardless of whether they are registered or unregistered.
