BUSINESS
Yamuna Expressway Authority to create 5,000-hectare land bank near airport by June
Four new sectors, including one for residential purposes, will be developed near the upcoming Noida international airport.
BUSINESS
Greater Noida Authority hikes land rates for industrial plots by 12%
The move follows the Uttar Pradesh government’s decision to do away with e-auctions and allot plots on the basis of interviews and other parameters such as company profile, turnover, work experience, etc.
BUSINESS
Stuck housing projects: Noida, Greater Noida Authorities roll out rehabilitation package, registries to start in 3 months
The rehabilitation package was recommended by the Amitabh Kant panel set up for the purpose and will benefit homeowners of close to 1.2 lakh units that have been given for possession but not registered. Once builders pay the initial 25 percent, the authorities will allow registries of flats that have been delivered but are yet to receive OCs.
BUSINESS
DLF to launch luxury housing project in Gurugram with apartments starting from Rs 7-8 crore
The project will be launched in January 2024 with a top line of Rs 10,000 crore, say industry sources.
BUSINESS
India’s data centre capability set to exceed 1 GW mark in 2024; Noida to emerge as key hub: Report
Rollout of 5G services, global hyperscalers expanding their captive facilities and entry of new operators in India will ensure growth momentum, says Cushman and Wakefield report.
BUSINESS
MakeMyTrip CEO and Genpact CHRO seal multi-crore luxury apartment deals in Gurugram's DLF Magnolias
The apartments were bought for Rs 33 crore and Rs 32.60 crore and come with three parking spaces each.
BUSINESS
DLF launches commercial in Gurugram, low-rise township in Panchkula; aims revenue of Rs 1,400 cr
The Gurugram project “Central 67” is a commercial plotted development having shop-cum-office plots spread across 8.6 acres in Sector 67, while the low-rise township “The Valley Orchard” in Panchkula is spread across 15.83 acres
BUSINESS
Stuck housing projects: UP Cabinet approves recommendations of Amitabh Kant committee
The recommendations comprise a slew of relaxations for developers, including a zero-period to waive interest and penalties imposed for financial default, officials aware of the matter said
BUSINESS
DDA to start e-auction of premium flats, including penthouses, from January 5
The Authority is offering 14 duplex penthouses, 170 super HIG flats, and 946 HIG flats in a complex in Dwarka’s Sector 19B. The complex, with an estimated construction cost of Rs 700 crore, has 11 towers.
BUSINESS
About 10 million sq ft office space leased out in Noida between 2020 and 2023: Colliers India
The availability of land, good infrastructure, skilled manpower, and sub-dollar rentals are some of the key factors that have attracted investors to Noida.
BUSINESS
Yamuna Expressway Authority to allot plots for hotels near Noida International Airport on Dec 22
The Yamuna Expressway Authority has extended the last date to apply for the scheme to December 14. The authority hopes to earn at least Rs 108 crore from the e-auction of these commercial plots
BUSINESS
DLF likely to launch first phase of its Andheri project before June 2024
The first phase of the project consists of 1 million square feet of development and is being developed in partnership with the Trident Group.
BUSINESS
Chintels Paradiso case: Flat owners demand higher buyback price, reconstruction of flats
Residents say that prices have appreciated in the last one year, and the builder should provide a buyback offer per the market rate. At present, residents do not have a rehabilitation offer on hand as both the offers — for reconstruction and buyback — have been withdrawn by the builder.
BUSINESS
RBI’s decision to hold rate to boost housing demand, say real estate experts
RBI policy meet: The central bank's move reflects its confidence in the country's economic fundamentals as well as growth prospects and will ensure EMI stability for borrowers
BUSINESS
Yamuna Expressway Authority extends last date to apply for Film City development to December 15
Prospective applicants, including a few global companies have sought more time to apply. The first deadline of November 30 did not attract many bids for the Film City project given the large nature of the project and investment involved.
BUSINESS
Got a job in Delhi? Here are one-bedroom rental options under Rs 30,000
A range of homes is available, depending on one’s budget and preferred area of stay, and they include co-living spaces and paying guest options.
BUSINESS
DDA housing scheme 2023: Registration starts for penthouses and luxury apartments
Apart from the high-end flats overlooking a golf course, the housing agency is also offering housing options for middle- and lower-income families.
BUSINESS
Thai realtor MQDC plans to launch mixed-use projects in NCR
A partnership with a local developer for a mainly luxury residential project is likely to be announced early next year
BUSINESS
Construction activities resume in Delhi-NCR as Centre revokes GRAP-III restrictions
GRAP-III was imposed on November 2, which restricted construction and demolition activities in Delhi and the larger National Capital Region. The order to revoke ban was issued on November 28.
BUSINESS
StanChart Global Business Services to shift Chennai staff to DLF Downtown IT Park
Work on the 6.8 million square feet IT park, spread over 27 acres, is ongoing and the entire campus is expected to be ready by 2026.
BUSINESS
Delhi real estate regulator withdraws order that led to stalling of property registrations
The move came after Lieutenant Governor VK Saxena convened a meeting on November 28 with Delhi RERA Chairman Anand Kumar at Raj Niwas and requested him to revisit the order.
BUSINESS
Will Chintels Paradiso housing complex be demolished the same way as Noida’s Supertech twin towers?
Going by early developments, that seems unlikely, with the consultants charged with bringing down the towers in Gurugram apparently inclined to go in for the mechanical method to raze the floors
BUSINESS
DDA housing scheme 2023: Registration starts for EWS, LIG flats, and penthouses from November 30
DDA housing scheme 2023: Under the DDA festival housing scheme, the allotment for the EWS and LIG flats will be on a first-come-first-served basis while the luxury flats will be allotted through an e-auction.
BUSINESS
Delhi RERA orders sub-registrars to stop registration of new properties violating building norms
The move is expected to curtail the unauthorised constructions of dwelling units far in excess of units sanctioned for a given space and plot size. In turn, the impact will be felt in unauthorised colonies, where such violation is common.
