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.
BUSINESS
Yamuna Expressway Authority floats third global tender for development of 230 acres of Film City project
The authority has called on investors and production houses to develop, operate, and maintain the first phase of the International Film City in Sector 21 on a public-private partnership (PPP) model.
BUSINESS
Centre’s air quality panel extends deadline to December 31 for retrofitting of DG sets
The extension in deadline was given after Resident Welfare Associations (RWAs), Apartment Owners Associations (AOAs) and representatives of other sectors in Delhi-NCR sought more time to upgrade their DG sets.
BUSINESS
7 things to know about Yamuna Expressway Authority’s data centre scheme
The plots are being offered in three sizes: 20,000 square metres (three plots), 40,000 sq m (1 plot), and 1,25,660 sq m (1 plot), and depending on the size and location, the prices vary between Rs 28.17 crore and Rs 176.7 crore.
BUSINESS
Exclusive | Signature View Apartment case: DDA to hire consultant to suggest demolition method
The Authority plans to complete the demolition of the 12-storey structures by June-July 2024.
BUSINESS
Submit building plans of 23 high-rises in a week for safety audit: Gurugram administration to builders
Officials said that the administration has also clarified that if defects are found and require repairs, half the expense would have to be borne by the RWA and the other half by the builder.
BUSINESS
India’s senior living market to maintain 10 percent CAGR, real estate potential to rise: ASLI
To address the needs of senior living and highlight the growth potential within the senior care sector and the investment opportunities, ASLI will organise its fourth “ASLI Ageing Fest—Unlocking India's Senior Care Investment Potential” on November 17 in Delhi.
BUSINESS
Signature View Apartment Case: 9 months after evacuation notice, residents continue to live in dilapidated structures
In 2021-22, a study conducted by the Indian Institute of Technology, Delhi, at the behest of DDA, found that the building was “structurally unsafe”, and suggested that the best option was to “vacate and dismantle” the complex.
BUSINESS
Noida Authority to start issuing notices to developers not opening escrow accounts
Close to 60 developers have projects that are running late but few of them have fulfilled this obligation
BUSINESS
DDA has registered its projects, around 100 projects in total registered with us: Delhi RERA Chairman
The agency has registered the 21 ongoing housing projects under its belt after initially being opposed to the idea
BUSINESS
MotoGP and International trade show push up hotel tariffs in Noida, Greater Noida
The two international events are proving to be big draws, and hotel rooms are hard to come by. This has had a ripple effect on nearby areas as well.
