BUSINESS
Signature Global to develop 21 msf of affordable, mid-income housing in 6-7 years
The company, which is set to launch its initial public offering on September 20, will develop 19 affordable and mid-income projects in Gurugram and adjoining areas, like Sohna Elevated Road, Manesar, etc.
BUSINESS
Yamuna Expressway Authority does away with e-auction for industrial plots, approves Master Plan 2041
The board approves revision in the payment plan for group housing schemes and increases the planned development area under the Vrindavan-Raya Heritage City project.
BUSINESS
Over 2.4 lakh people register for 1,184 residential plots under Yamuna Expressway Authority scheme
According to officials, more than 1.8 lakh forms were sold and over 1.4 lakh people have deposited earnest money to book plots. The draw of lots would be conducted on October 18, 2023.
BUSINESS
Area Watch: Noida Extension, top choice of techies, first-home buyers
The area, also known as Greater Noida West, is gaining popularity because of affordable units, proximity to economic hubs and wide roads.
BUSINESS
G20 Summit: Connaught Place, Khan Market closure may cause financial loss of over Rs 450 crore, say traders
Popular markets in New Delhi will remain shut during the G20 Summit from September 8 to 10. All entry and exit points near the venue, the newly-built Bharat Mandapam convention centre, will be regulated. All establishments including schools, offices, restaurants, malls and markets will also be closed
BUSINESS
Experion Developers to build luxury homes in Noida, Gurugram; eyes topline of Rs 6,500 crore
The company plans to invest Rs 4,700 crore to develop one project in Noida and two in Gurugram.
BUSINESS
Delayed Projects: Delinking registry of housing units from builders’ dues can help homeowners, says UPRERA Chairman
According to a survey commissioned by UPRERA, there are as many as 45,000 units where buyers have taken possession without registering their ownership, and 1,25,000 units where neither has possession been taken nor has the registry been done.
BUSINESS
Supertech twin towers: Emerald Court RWA proposes to develop park at demolition site
The RWA has claimed that the land belongs to it saying that the land was part of the Emerald Project.
BUSINESS
Exclusive: Retail giant Ikea scouting for 25 acres of land in South Delhi, Dwarka areas
Central and state government officials in the know said that the retail giant had been looking for suitable land parcels to the size of 25 acres preferably in South Delhi and Dwarka regions.
TRENDS
Chintels Paradiso: Approach consumer forum SC tells residents of towers E, F & G
The court, however, did not dismiss the case and proceeded to tag it with the the other Chintels cases pending before it. The cases are now likely to come up for hearing on September 4
BUSINESS
Over 1 lakh people register for Yamuna Expressway Authority’s residential plots scheme
The scheme offers as many as 1,184 residential plots in three YEIDA sectors. The scheme was launched on August 8 and the last date to apply is September 1.
BUSINESS
MC Policy Next: 3-pronged approach needed to address flooding problem: Madhav Raman
At a panel discussion on Building cities of tomorrow: Sustainable renewal and climate financing at the Moneycontrol Policy Next Summit, the Principal and Co-founder of Anagram Architects said there is a need for a lot more efforts and incentivisation to transition waste into materials
BUSINESS
'Global green bonds at over $2.7 trillion, India’s cumulative issuance of thematic debt now at $30 billion'
The overall thematic debt—which also includes ESG or environmental, social and governance bonds, social bonds, sustainability bonds and green bonds -- is about $3.7 trillion and the bulk of this are green bonds.
BUSINESS
Greater Noida Authority permits registry of 5,200 flats across 19 projects
The registration of 20,000 more flats is likely to be permitted by the Authority in two-three months, and discussions regarding the same are already underway.
BUSINESS
Bhutani Infra to develop a commercial high-street mall in Noida sector 133, to invest Rs 500 crore
The project will cover nearly 3 lakh sq ft in phase 1 and will take 30 months to complete.
BUSINESS
Gurugram officials to inspect homes in licensed colonies for illegal construction
The move comes after repeated complaints about illegal construction and building-norm violations by property owners after getting occupation certificates from empanelled architects
BUSINESS
Noida Authority asks developers to open escrow accounts of delayed projects by August 26 or face action
The CEO also directed officials that information regarding the dues against each developer should be published in newspapers and that boards should be installed at the project site mentioning their liability towards the authority.
BUSINESS
Stuck projects: Noida, Greater Noida authorities told to prepare report on financial implications, possible approaches to address issue
The government may either have to rationalise interest rates on builder dues or give them a moratorium. This would mean having to forgo some portion of the accumulated builder dues.
BUSINESS
Wave Group's 38 shops likely to be auctioned over non-payment of dues
Group had faced similar action earlier; current action follows issuance of fresh recovery notices by authorities.
BUSINESS
Noida Authority board approves Master Plan 2041 for development of New Noida
Apart from approving New Noida master plan 2041, the board also discussed the recommendations of the Amitabh Kant committee on stuck housing projects. Post all necessary discussions, a report containing observations of the authorities will be sent to the state government to decide future course of action, officials said.
BUSINESS
Greater Noida board approves Master Plan 2041, to acquire 40,000 hectares
The GNIDA board has also introduced a one-time-settlement scheme for the allottees of 2,200 flats who had failed to clear their dues to the Authority.
BUSINESS
Nearly 18,000 people register for YEIDA residential plot scheme in 3 days
About 1,184 residential plots are up for grabs in three YEIDA sectors — 16, 17, and 20. The scheme, which opened for applications on August 8, will close on September 1.
BUSINESS
Residents’ bodies in NCR demand more time to upgrade DG sets per new emission norms
They have also said that residential DG sets are not a major polluter, and the government should subsidise this as otherwise it’ll be a financial burden for housing societies.
BUSINESS
Noida to get Rs 12-crore apartments as Bhutani Infra plans Rs 600 crore uber-luxury housing project
Total estimated investment in the project is likely to be around Rs 600 crore. The cost of an apartment is likely to start from around Rs 12 crore.
