BUSINESS
Greater Noida Authority hires consultant to assess status of incomplete projects
The allotments to builders who have not even started work on the plot, while the time to complete the project has passed, and are also not clearing their dues, will be cancelled.
BUSINESS
Chintels Paradiso: Residents of towers E, F seek time until July 31 to vacate flats
The housing complex residents have also demanded the builder pay them at least 11 months’ rent along with restoration charges.
BUSINESS
Public hearing on stilt-plus-four-floor construction evokes mixed response, expert committee to examine suggestions
Some suggestions included allowing construction of stilt-plus-four-floors with certain caveats such as taking approval from RWAs before start of any such construction, or allowing it only in new plotted development colonies.
BUSINESS
Chintels Paradiso case: Section 144 imposed, residents of towers E, F asked to vacate in 15 days
The towers were declared unsafe for habitation after a portion of tower D had collapsed and killed two women in February 2022.
BUSINESS
Greater Noida builders told to register 4,000 flats or face regulatory action
The apartments across 20 builder projects haven’t been registered even though no dues are pending, depriving buyers of their home ownership rights
BUSINESS
Gurugram Global City: Tepid bidder response forces e-auction delay by a month
The new last date for submitting the application is June 1, which was earlier May 1, while the tentative date of the e-auction has been moved to June 19, from May 19.
BUSINESS
MC Explains: Why corporates are moving away from Connaught Place in the heart of Delhi to faraway Gurugram and Noida
Non-availability of large office spaces with modern amenities and high rentals that are double that of the new office destinations are pushing corporates to NCR towns.
BUSINESS
Yamuna Expressway Authority likely to implement Master Plan 2041 by June 30 this year
The master plan lays special focus on the development of areas around the upcoming airport through industrial and commercial growth. It also gives priority to affordable housing for industrial workers.
BUSINESS
CREDAI NCR wants state development authorities to be brought under RERA as 'promoters'
CREDAI has said that whenever a project is delayed either due to faulty land acquisition by the authorities or encroachment of land, the developer is held responsible and homebuyers suffer, while no accountability is fixed on the state development authorities.
BUSINESS
Live To Ride: YEIDA grants permission to hold international bike racing event at Buddh Circuit
The organisers have also sought permission to start track repairs and other work to make the circuit compliant with the requirements for holding a world-class motorcycle championship like the MotoGP.
BUSINESS
Yamuna Expressway Authority launches group housing scheme, eyes Rs 479 crore revenue
Alongside, the authority has also launched a commercial plots scheme and aims to rake in Rs 22 crore from that auction.
BUSINESS
India’s first pod taxi project to connect upcoming Noida Airport to Film City; bids to be invited soon
The Rs 800-crore project is proposed to have 12 stations on the 14.6-km route and is expected to draw 35,000 daily commuters.
BUSINESS
Noida Film City: YEIDA holds talks with production houses, filmmakers to relax bidding conditions
Changes in the third tender document could include providing for a concession period of 90 years, allocation of smaller land plots, and allowing film- related manufacturing units.
BUSINESS
Chintels Paradiso: Residents say buyback rates offered by builder 30-35% lower than market price
On February 10, 2022, two women were killed after the ceilings of several flats in tower D of Chintels Paradiso in Gurugram collapsed due to shoddy construction
BUSINESS
Chintels Paradiso case: Residents want builder to bear reconstruction cost, continue paying rent
Seek a meeting with authorities, say that the builder is asking for Rs 1,000 per square foot if residents chose to opt for the reconstruction of flats, which is not fair.
BUSINESS
Chintels Paradiso Collapse: Developer offers redevelopment, buyback option to residents, discontinues rents after April 30
Two women were killed after ceilings of several flats in tower D had collapsed. IIT-Delhi had recommended the evacuation of residents from towers E and F as well, which is yet to be done.
BUSINESS
Haryana govt discontinues affordable plotted housing scheme in Faridabad, Gurugram
The chief reasons for scrapping the Deen Dayal Jan Awas Yojna (DDJAY) were high cost of land and failure to benefit lower- and mid-income homebuyers.
BUSINESS
Titagarh Wagons, manufacturer of Vande Bharat coaches, seeks 100 acres of land from YEIDA
Sources said the company is looking to set up a factory to manufacture rail coaches and wheels.
BUSINESS
Ahmedabad has highest willingness to adopt e-vehicles while Pune tops on ease of moving in 2022: Report
Among other findings, Chennai has the best cycling infrastructures, Aizawl is a top performer in clean mobility and Hyderabad leads in the future of mobility
BUSINESS
Aggressive urban housing finance lending needed to propel growth: Housing minister
Minister of Housing and Urban Affairs Hardeep Singh Puri says lending programmes should be made more ambitious, but with safeguards. Every minute, 25-30 people migrate to India’s towns and cities, and we need to ensure well-provisioned homes, he said.
BUSINESS
Greater Noida Authority to auction 11 IT and ITES plots, aims to earn over Rs 400 crore
GNIDA officials said the demand for IT industries and related services is high in the region and many queries have been received from investors looking to acquire land for these purposes.
BUSINESS
Noida Authority hikes budget by 40% to Rs 6,920 cr, ups land rates by 6-10%
The Authority has also made it mandatory for builders applying for partial or full occupancy certificates to submit a structural safety audit report by one of the empanelled institutions.
BUSINESS
Greater Noida Authority approves Rs 4,378 crore budget for FY24; allocates Rs 450 crore for Jewar airport
The Authority has also set aside Rs 1,000 crore for acquiring land in its jurisdiction. Also, land allotment rates have been revised upwards.
BUSINESS
Expert committee receives around 26,000 suggestions from stakeholders on suspension of stilt-plus-four building plan approval
Officials said that the feedback received include a mix of suggestions as some are against the stilt-plus-four arrangement and some are in its favour. Some residents have suggested that a set of rules should be established if the suspension on stilt-plus-four construction is revoked.
