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.
BUSINESS
Haryana urban planning body to develop 11 residential sectors, identifies 1,800 acres of land
The new residential sectors are likely to come up in areas like Gurugram sectors 36A, 37, 68, 70 and Sohna, Farrukhnagar and Pataudi.
BUSINESS
Five things to know about Greater Noida Authority’s group housing plot scheme
The scheme was floated on February 7 and will close on March 1, 2024. However, the applications for the plots can be submitted till February 2, according to officials.
BUSINESS
Anant Raj to develop luxury residential project in Gurugram
The company said that it has secured RERA registration for the housing project and expects to generate a topline of Rs 1,800 crore from the sale of 248 luxury apartments in the high-rise project.
BUSINESS
Stuck housing projects: Greater Noida Authority to pave way for registry of 6,500 apartments
The developers will have to initially pay 25 percent of the total dues after deducting penal interests to become eligible for registry of apartments in their respective projects, officials said.
BUSINESS
FM’s Viksit Bharat theme to boost the real estate sector in Tier II and Tier III cities: Experts
Interim Budget 2024: The Gati Shakti initiative launched earlier and the focus on infrastructure and technology announced in today's presentation could potentially spur higher real estate activity in these cities.
BUSINESS
Budget promises to set up 2 crore affordable houses in 5 years
In her budget 2024 speech she also said that the Centre has achieved a target of three crore houses in rural areas under Pradhan Mantri Aawas Yojana (Rural). Central government will also bring scheme to help housing for middle classliving in rental or slums or unauthorised colonies to "buy or build" their own houses.
BUSINESS
Real Estate Budget: Will affordable housing definition change in budget 2024?
According to a study by property consultancy ANAROCK, the affordable housing category saw a decline in overall sales to approximately 20 percent of the overall pie in 2023 from over 30 percent in 2022. Developers ping hopes on the interim budget 2024 to get done the necessary revisions in affordable housing criterion.
BUSINESS
Real estate boom may continue for at least 3-4 years; listed players to gain most: Motilal Oswal
The real estate sector is in the middle of an upcycle fuelled by demand-supply balance, low inventory, favourable affordability, and gradual price hikes.
BUSINESS
Eldeco Group to develop 80 luxury villas near Kasauli in Himachal Pradesh, eyes top line of Rs 500 crore
The realty firm plans to invest about Rs 300 crore beyond the land cost to develop the ultra-luxury housing project, through its subsidiary ‘Terra Grande’.
BUSINESS
DLF acquires 29-acre land on Golf Course Extension Road in Gurugram for Rs 825 crore
The company, directly or through its affiliates, intends to acquire overall rights and interest in a land parcel measuring 29 acres having estimated development potential of up to 7.5 million square feet, DLF said in a filing
BUSINESS
EaseMyTrip co-founder Rikant Pittie buys commercial property in Gurugram for Rs 99.34 crore
The deal is for an over 1 lakh sq ft multi-storey building on a plot measuring almost 43,600 sq ft
BUSINESS
Ayodhya Ram Mandir | Average property rates up 179% in 3 months, surge in online home search: Magicbricks
Ayodhya Ram Mandir: Land rates, which ranged from Rs 1,000 to 2,000 per sqft in 2019, are now at Rs 4,000 to 6,000 per sqft, according to a real estate consultancy.
BUSINESS
Ayodhya Ram Mandir: Amitabh Bachchan has invested in land, should you too?
Ayodhya Ram Mandir: Though brokerages and developers give various figures about the surge in real-estate prices, the real-estate market in the town is now well organised and Ayodhya has got an irresistible lure. The making of a Rs 2,200 cr, 1200-acre township, with an international airport, is just one example
BUSINESS
Chintels Paradiso case: One more tower of the housing complex in Gurugram declared ‘unsafe for living’ by safety audit report
This is the sixth tower that has been declared “unsafe to live” by the IIT Delhi structural audit report. Prior to this, towers D, E, F, G and H were declared "unsafe to live".
BUSINESS
DDA opens registration for e-auction of over 500 luxury flats, auction to start on February 5
The reserve price for a penthouse is kept at Rs 5 crore while for super HIG flat it is Rs 2.5 crore and for HIG it is Rs 2.19 crore.
BUSINESS
Farmers build illegal structures on notified land near Jewar airport; administration serves demolition notice
Around 200 farmers have been served with notices for putting up illegal structures on their land, which is set to be acquired. This is generally done to claim higher compensation, as the government gives more money for land that has buildings or structures on it.
BUSINESS
Realty firm Omaxe closes Rs 440-crore loan from Credit Solution before time
Omaxe has secured new financial assistance totalling Rs 450 crore from Kotak Mahindra Bank Limited and out of this amount, Rs 290 crore has been utilized to repay the facility initially obtained from Varde Partners and the remaining Rs 160 crore will be allocated for development of its projects.
BUSINESS
Chintels India transfers rights of two land parcels worth Rs 121.82 crore near Dwarka Expressway to Sobha Group
The transaction is the latest in a string of notable land deals in the NCR. The sale deed was executed on December 22, 2023 and the company paid Rs 6.07 crore as stamp duty for the 5.78-acre plot and Rs 2.45 crore stamp duty for the 2.06-acre land parcel, documents showed.
BUSINESS
5 things to know about Yamuna Expressway Authority’s mixed-land-use scheme
Allotments will be made after interviewing applicant companies and evaluating them on various parameters
BUSINESS
Budget 2024: Real estate sector pitches for industry status and lower interest rates
As one of the key Budget 2024 expectation, developers also want some provisions made to reduce the interest rates on project finance and that construction materials be clubbed in a lower bracket of the goods and services tax (GST).
BUSINESS
UP govt orders cancellation of vacant industrial & IT plot allotments in Noida, Greater Noida
The government also asked authorities to conduct a survey of such land parcels in their jurisdiction to ascertain the number of plots those were allotted to developers but are yet to be utilized and has been lying vacant for long.
