BUSINESS
Land becomes costlier in Yamuna Expressway region as Authority hikes allotment rates
Yamuna Expressway Authority officials said that the land allotment rates were revised upwards because of increase in the cost inflation index. For residential plots the current allotment rate is Rs 24,600 per sq m which from April 1, 2024 will become Rs 25,900 per sq m while the allotment rates for group housing plots have been hiked to Rs 32,375 per sq m from existing Rs 30,750 per sq m.
BUSINESS
Gurugram: Dwarka Expressway set to boost real estate opportunities along corridor, property prices may rise
Dwarka Expressway: Experts anticipates that prices of properties and land parcels located in sectors along the elevated corridor may see an uptick of around 10-15 percent in next few months after the opening of the facility. The expressway will not only reduce the travel time between Delhi and Gurugram but also give a boost to real estate opportunities along the corridor
BUSINESS
Gurugram RERA imposes Rs 50 lakh penalty on promotor of a mall project for violating norms
The Authority said that the realtor continued advertising, marketing and creating third party rights in the project prior to registration, which the Authority said, is a clear case of violation of Section 3 of RERA Act, 2016.
BUSINESS
Uttar Pradesh real estate regulator to train and certify real estate agents
UPRERA will organize three days training program in which agents will be trained about RERA Act 2016, its provisions and compliance, UPRERA Rules 2016, regulations, directions being issued by the Authority, role and responsibility of stakeholders. The first set of certification courses will start from April 2024 in Lucknow
BUSINESS
Jaipur: Commercial real estate platform Property Share launches pre-leased Grade A warehouse, aims to raise Rs 191 crore
According to Property Share, Jaipur, Delhi NCR and Surat account for over 40 percent of e-commerce suppliers. During 2023, tier 2 and tier 3 cities together accounted for 63 percent of the e-commerce market share in India.
BUSINESS
Virat Kohli leases out 12 office spaces in Gurugram for annual rental of Rs 1.27 crore
Kohli leased out 12 office spaces, with a total built-up area of 18,430 square feet, in Reach Comercia corporate tower in sector 68 in Gurugram. The deal was locked at a monthly rental of around Rs 8.85 lakh per month.
BUSINESS
E-auction of 257 DDA luxury apartments in Delhi's Dwarka begins today
The reserve prices for a penthouse is Rs 5 crore and that of 3BHK HIG apartments it is Rs 2.05 crore. As many as 257 apartments, including two penthouses and 123 luxury flats, are on offer
BUSINESS
Five things to know about Greater Noida’s commercial plot scheme
The plots range between 2,313 and 12,000 sq m, and come with a FAR of 4. The rates for the plots range from Rs 67,000 to Rs 86,000 per sq m, depending on the sector where the plot is located.
BUSINESS
NBCC sells 2 lakh sq ft of commercial space for Rs 828 cr at World Trade Centre in Delhi
The company has sold a total commercial inventory of over 26 lakh sq ft through a series of 24 e-auctions having a sale value of over Rs 10,600 crore
BUSINESS
Jaipur: Ashiana Housing launches two luxury projects with tentative investment of over Rs 200 crore
In the villa project, the company will offer 56 villas while the other project will offer 144 luxury apartments.
BUSINESS
Haryana: HSVP puts group housing plots worth Rs 1,700 crore in Gurugram, neighbouring cities on sale
Plots worth over Rs 1,100 crore are located in Gurugram alone. The Gurugram plots are located in sectors 39, 45, 46, 47, 52, 57 and 110A.
BUSINESS
Noida Authority to allow registration of over 13,000 flats as builders agree to pay dues
According to a rough estimate, there are around 2.4 lakh stressed housing units in the Noida and Greater Noida region, of which around 1.2 lakh flats are yet to be delivered. Possession has been given for the remaining 1.2 lakh units, but registries are still pending.
BUSINESS
Noida Authority floats scheme for allotment of 25 commercial plots, aims at Rs 105-cr revenue
The last date of the registration for the Noida Authority's commercial plot scheme is March 7 and these plots will be allotted though e-auction. The cumulative reserve price of these 25 plots is around Rs 105.5 crore. The reserve prices of these plots individually range between Rs 49.11 lakh and Rs 6.60 crore.
BUSINESS
Godrej Properties wins bid for 6.4-acre group housing plot for Rs 506 cr in Noida
The group housing plot measuring over 26,000 square metre was put up for sale though e-auction by Noida Authority in December, 2023. Other than Godrej Properties, Max Estates has also participated in the auction of the group housing plot in Noida sector 44
BUSINESS
DDA e-auction for luxury flats, penthouses: Key things you need to know about
The third phase of e-auction for 257 DDA flats will start on March 5. The reserve prices for a penthouse is kept at Rs 5 crore while for HIG apartments it is Rs 2.05 crore. The reserved price for MIG 2BHKs units is kept at Rs 1.2 crore.
BUSINESS
NBCC to complete pending Amrapali projects and deliver flats to homebuyers by March 2025
NBCC has completed 12 Amrapali projects in Noida and Greater Noida. Close to 6,000 units have been sold in the erstwhile Amrapali Group with a sale value of close to Rs 3,500 crore, officials said.
BUSINESS
NBCC to construct over 13,000 flats in 5 Amrapali projects, eyes Rs 15,000 cr topline
Delhi-NCR real estate: NBCC on February 21 had said it got approval from Noida Authority to develop five Amrapali projects worth Rs 10,000 crore.
BUSINESS
Gurugram real estate regulator penalizes developer for publishing misleading advertisement
The Authority noted that the policy is known as Deen Dayal Awas Yojana (DDJAY) 2016 while the advertisement published in the newspaper has captioned it as DDJAY 2024, which is “incorrect and misleading”.
BUSINESS
Smiti Agarwal, wife of V Bazaar CMD, purchases Rs 95-crore apartment in Gurugram's DLF The Camellias
According to the documents, the apartment having a size of 10,813 square feet is housed in DLF The Camellias, which is a high-end luxury condominium located on Golf Course Road, DLF Phase 5 in Gurugram. The apartment comes with five parking spaces, documents showed.
BUSINESS
Uttar Pradesh Ground Breaking Ceremony: Gautam Buddh Nagar bags investment proposals worth Rs 2.95 lakh crore
Uttar Pradesh Ground Breaking Ceremony: Investors are flocking to Gautam Buddh Nagar, especially the YEIDA and Greater Noida region, in view of the upcoming Noida International Airport in Jewar and the Film City project, officials said.
BUSINESS
DDA opens registration for over 780 EWS flats in Narela
The festival special housing scheme 2023 was launched in November 2023 and the Authority has so far sold over 4,000 flats in a span of three months. The prices of EWS flats will start from Rs 11.5 lakh.
BUSINESS
Greater Noida Authority allots 5 commercial plots near Yamuna Expressway for Rs 253 crore
Officials said that because of its proximity with the under construction Noida International Airport in Jewar and upcoming Film City along Yamuna Expressway, Greater Noida has become an “ideal spot” for establishments of commercial, industrial and residential projects.
BUSINESS
Construction defect: Over 100 flat owners accept buyback offer from Godrej Properties in Gurugram project
Godrej Properties sees the number of flat owners opting for the buyback offer rising to about 200 in the next few months in Gurugram.
BUSINESS
County Group to invest Rs 5,000 crore in next 5 years on luxury housing project in Noida
The project, that will have 2,372 luxury apartments, has a revenue potential of Rs 7,500 crore approximately. The ticket price of smallest apartment will be approximately Rs 3 crore while the largest ultra-luxury apartment is likely to cost around Rs 12 crore approximately.
