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.
BUSINESS
Metro rail between Jewar airport and Greater Noida likely to have seven stations
The link between the upcoming Noida International Airport and Greater Noida is the part of the metro corridor that will connect Jewar with the Indira Gandhi International Airport in Delhi via the Airport Express Line.
BUSINESS
Noida twin towers demolition: Debris removal work overshoots April 15 deadline, likely to take a week more
The deadline had been reset several times; officials involved in the work say more than 95 percent done.
BUSINESS
Haryana issues notice to engineer, architects over Chintels Paradiso tower collapse
On Feb 10, 2022, two women were killed after the ceilings of several flats in tower D of Chintels Paradiso collapsed. The show-cause notice says the certificates and documents filed by the architects for plan approvals and occupancy certificates seem to be false, incorrect and misleading.
BUSINESS
Greater Noida-New Delhi metro project report delayed by two months
More time is needed for surveys that are key to identifying locations for the proposed metro stations.
BUSINESS
National Pet Day: New pet policies implemented in Indian cities promote responsible ownership and coexistence
Local buses in Bengaluru are now more pet-friendly, and parts of new pet policies in Noida are giving homebuyers a breath of fresh air.
BUSINESS
National Pet Day: Dedicated pet policies, public sensitisation needed for conducive atmosphere
Proper policies should be chalked out to deal with pet issues in apartment complexes and residential areas, while sensitising the public towards pets.
BUSINESS
Developers in UP’s Gautam Budh Nagar oppose coercive recovery actions against builders
Builders owe an estimated Rs 40,000 crore, including premium, interest and penal interest against allotted plots on which real estate projects are in different stages of execution.
BUSINESS
Cushman & Wakefield roped in to resolve UP land dues stalemate, stalled projects
Thousands of homes in Noida and Greater Noida are yet to be registered because the builders have not paid their dues.
BUSINESS
YEIDA to float third global tender for Film City project this month
After the second round, too, got a tepid response, the authority is considering tweaking the conditions to make it more appealing
BUSINESS
Circle rates hiked by up to 30% in Gurugram; registries to get costlier
Homebuyers decry move, say it will put an extra burden on their pockets. Government coffers set to swell, thanks to the hike.
BUSINESS
Greater Noida Authority e-auctions 166 residential plots for Rs 415 crore, nearly 272% above base price
The base price of these plots was Rs 153 crore while they were e-auctioned for Rs 415 crore, translating into additional revenue of Rs 262 crore for GNIDA, which launched the scheme for the phased auction on January 20.
BUSINESS
Lukewarm response to Film City prompts official huddle on April 5 to decide future course
Film City would feature pre- and post-production facilities and film tourism. It would have space for music dubbing, editing and VFX studios, holding movie premieres and film festivals, and include a film museum and theme park.
BUSINESS
Homebuyers write letters to UP CM over delay in possession of flats, pending registries
They allege a nexus between the authorities and builders, due to which registries are not taking place. In the absence of registry, homebuyers do not have ownership rights of the flats, they cannot sell these flat, and will not get any claim in case of a calamity.
BUSINESS
MC Explains | Stalemate between Noida Authority and developers takes a toll on homebuyers
The CAG in a report in December 2019 had said that the scheme led to losses of Rs 9,000 crore to the exchequer and plots worth Rs 4,500 crore under the scheme were allotted to entities that did not meet the technical eligibility criteria of net worth, turnover or past experience.
