BUSINESS
UP government makes key changes in Film City project; third global tender to be floated soon
The govt has increased the moratorium period from four to seven years, revenue-sharing relaxed from fixed annual premium of Rs 116 crore to 5% of revenues, and lease period extended from 60 years to 90.
BUSINESS
Noida lift mishap: Residents raise safety concerns, reiterate demand of Lift and Elevators Act
The failure of a lift in a high-rise in Noida led to the death of an elderly woman
BUSINESS
Here’s all you need to know about Greater Noida Authority’s housing lottery scheme
The Authority has announced the sale of 1,495 built-up flats and 77 independent houses.
BUSINESS
Yamuna Expressway Authority launches scheme for 462 flats, eyes Rs 194 crore revenue
The flats are located in Sector 22D, along the Yamuna Expressway, and have been priced between Rs 42 lakh and Rs 43 lakh. An official said the apartments are free of all encumbrances.
BUSINESS
Noida Authority to auction Sector 43 group housing plot next month; top builders, including Birlas, in queue
However, the auction of another group housing plot in Sector 44 may take time as not enough bids have been received for that plot.
BUSINESS
Chintels India withdraws offer to rebuild Gurugram flats at same site
The residents say the decision is in contempt of court, which is hearing a matter related to payment of rent to the affected homeowners.
BUSINESS
Rationalisation of interest rates on Greater Noida builder dues can only be done by UP govt: GNIDA CEO
Homebuyer and builder dues issue to be taken up on priority, says Ravi Kumar NG. Builders in Greater Noida owe around Rs 26,000 crore to the GNIDA.
BUSINESS
Area Watch: Dwarka Expressway all set to trigger revival of real estate along its path
The expressway will connect Dwarka in Delhi to Gurugram, provide alternate access to the IGI airport, India International Convention Centre and other key locations in Gurugram.
BUSINESS
Projects worth Rs 45,000 cr initiated in last 6 months: Noida Authority CEO Ritu Maheshwari
Maheshwari added that she aims to get another Rs 55,000 crore of projects off the ground in the next six-seven months
BUSINESS
Buying property in Delhi becomes costlier as 1 percent hike in transfer duty comes into effect
Transactions of properties in the Rs 3-7 crore bracket will feel the maximum heat, as the most sales are seen in this segment.
BUSINESS
Yamuna Expressway Authority extends last date for data centre plot scheme till July 17
The Authority has put on sale five data centre plots located in sector 28 and expects about Rs 220 crore in revenues.
BUSINESS
Greater Noida-New Delhi metro project submitted to YEIDA, UP government for approval
The project will be completed in two phases to cover the 72-km line from Greater Noida Knowledge Park 2 – New Delhi.
BUSINESS
Land acquisition for third phase of Noida airport to start from September-end
The airport is expected to open in September 2024. The airport’s proximity to the Yamuna Expressway will facilitate tourist travel to Agra, Mathura, and Vrindavan, as also boost industry in the area.
BUSINESS
Gurugram district administration to start structural safety audit of 23 condominiums from July 10
Officials said that the expenses of the audit will be borne jointly by the respective residents’ welfare association and the builder concerned.
BUSINESS
Stilt-plus-four-floor plan: Residents say the move will overburden already deficient infrastructure, benefit builders
A report by an expert committee has suggested that in new sectors, such building plans can be allowed provided adequate infrastructure is developed, while in old sectors, an audit of existing infrastructure should be conducted before granting permission.
BUSINESS
Chintels Paradiso case: Supreme Court asks Gurugram administration, builder to file reply over non-payment of rent in two weeks
Following the February 2022 collapse in Tower D, the authorities, after structural audits, recommended the demolition of the tower and the evacuation of nearby towers.
BUSINESS
Haryana panel suggests nod to stilt-plus-4-floor building with riders
The panel says adequate infrastructure should be in place for approval of such building plans. A final decision on the committee’s report is yet to be taken by the state government.
BUSINESS
UP real estate regulator issued 8,800 recovery certificates worth about Rs 2,400 crore since 2018
As many as 2,500 RCs worth over Rs 800 crore were issued by the UPRERA in the financial year 2022-23 alone.
BUSINESS
Supertech owes dues worth Rs 3,358 crore to three authorities in Gautam Budh Nagar
Noida Authority, Greater Noida Industrial Development Authority and Yamuna Expressway Industrial Development Authority are the three entities. Officials say Supertech will find it difficult to repay the dues now as its CMD was recently arrested on money-laundering charges.
BUSINESS
DDA opens housing scheme registration for 5,600 flats
The prices of the units range from Rs 10 lakh to Rs 2.2 crore, depending on the category and location. The 3BHK HIG flats are being provided in the Jasola area, and only 41 units of these flats will be available.
BUSINESS
DDA may open online registration for 5,500 flats on June 30
The DDA, which has an inventory of about 40,000 unsold flats, has spruced up their infrastructure and connectivity to help attract buyers
BUSINESS
Chintels Paradiso cordons off tower with sagging balcony
Residents’ counsel serves legal notice to district administration seeking rent for residents affected by evacuation order.
BUSINESS
IKEA awaits map approval for Noida store, construction to start in few months
IKEA plans to invest close to Rs 5,500 crore for the shopping mall. It had bought the land parcel from the Noida Authority in February 2021. Sources said that the project will be completed in seven years. The facility will include a shopping mall, retail outlets, a residential facility and meet centres.
BUSINESS
Stamp department issues notices to 88 builders for not registering nearly 13,000 flats in Noida and Greater Noida
Builders said the registration of flats has been delayed due to a variety of issues, such as pending payments from homebuyers, some homebuyers living abroad, NOCs from banks not having come in, and some flats remaining unsold.
