BUSINESS
Yamuna Expressway Authority launches data centre scheme, eyes Rs 220 crore revenue
Plot sizes range between 20,000 and 40,000 square metres; applications open on June 12.
BUSINESS
Tenders for India’s first pod taxi project along Yamuna Expressway to be floated next week
Uttar Pradesh government panel greenlights project. There will be 12 stations on the 14.6-km route connecting Noida International Airport in Jewar with the proposed Film City in sector 21
BUSINESS
Centre’s air quality panel puts curb on use of DG sets in Delhi NCR
Latest guidelines set October 1, 2023, as deadline for adopting dual-fuel mode and retrofitting of emission control devices on such gensets of capacities above 19KW
BUSINESS
Gurugram’s new metro may spur property price increase, revive old city
The metro will improve connectivity and lead to opportunities to redevelop property in old Gurugram, experts said.
BUSINESS
High-speed metro between Noida and IGI airports may stop only at six stations
The final detailed project report for the 72-km link proposed to be built at a cost of Rs 13,000 crore is likely to be submitted in July 2023.
BUSINESS
Yamuna Expressway Authority shelves its group housing scheme due to lack of bidders
Officials said the proposal did not receive a single application from developers because of the scheme’s strict eligibility conditions, which precluded the involvement of developers who had any dues with the three development authorities in Gautam Budh Nagar district.
BUSINESS
Uttar Pradesh regulator deregisters 55 real estate projects since July 2020
Lucknow tops with list of projects that have been surrendered, followed by Gautam Buddha Nagar and Varanasi.
BUSINESS
IITGNL launches group housing, commercial plot schemes in Greater Noida; eyes revenue of over Rs 720 crore
Interested parties will be able to apply in both these schemes from June 16 and the last date of registration in the scheme is July 7.
BUSINESS
Cut penal interest, other levies from developers' dues to revive projects, says CREDAI chief
Scope exists for reducing Rs 6,000 crore to Rs 7,000 crore of total dues outstanding from developers, who will be able to pay the remaining amount, CREDAI chairman Manoj Gaur
BUSINESS
Greater Noida Authority launches scheme for 22 commercial plots, eyes Rs 1,100 crore revenue
FAR of 4 will allow allottees to construct buildings with areas up to 400 percent of the total area of the ground they are situated on.
BUSINESS
Greater Noida Authority asks officials to list 50 big defaulters, cancel their allotment of plots
Allotments of residential plots had been made to 156 persons after an e-auction on April 21. Those who won the plots were to pay 25 percent within 15 days of allotment.
BUSINESS
DDA expected to launch housing scheme for 23,000 flats in June
Applications will be invited once the agency approves the scheme and the price will be decided just before the launch.
BUSINESS
Greater Noida Authority sells 23,600-sqm builder plot for Rs 110 crore
According to a GNIDA official, 10 builder plots had been put for sale. However, only one plot – GH-128 – elicited investor interest.
BUSINESS
Noida Authority likely to conduct e-auction of duplex flats; price starts at Rs 1.79 crore
The duplex apartments, located in Sector 135, have a super area of 1,937 sq ft.
BUSINESS
Gurugram lifts ban on registration of properties developed by Chintels
The injunction came after a floor of the developer’s Paradiso project collapsed onto lower storeys, killing two and rendering the apartment complex unsafe
BUSINESS
Chintels Paradiso case: Safety audit report of four towers yet to be released; administration tries to allay residents' concerns
The administration officials say structural safety audit reports of at least two towers have been submitted at the Gurugram deputy commissioner's office and are under review. These reports will be released soon after the review is completed.
BUSINESS
Chintels Paradiso case: Residents unhappy with pace of CBI investigation, demand speedy resolution
Residents have sought time till July 31 to vacate the flats, and also demanded that the builder continue to pay rent. They also said that the builder should not ask for Rs 1,000 psf from those opting for reconstruction of flats
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.
