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.
BUSINESS
Haryana notifies scheme to recover Rs 3,600 crore of pending renewal fees from colonisers
The scheme is open for six months from the date of the notification.
BUSINESS
In a first, Noida Authority launches scheme to lease out built-up space for start-ups
The space will be granted on a 15-year lease, renewable every five years, with a one-year lock-in period from the date of allotment.
BUSINESS
From not allowing ‘lungi’ at common places to banning opposite sex visitors, here are some outlandish rules by RWAs
While decorum should be maintained in public places, including in housing complexes, it is not right to impinge on the individual's rights.
BUSINESS
Properties under Rs 50 lakh: Here’s where you can buy in Delhi-NCR
Real estate experts said availability of Properties under Rs 50 lakh is limited and available in areas located far from city centres or central business districts in the NCR.
BUSINESS
Noida Authority likely to auction 3 commercial plots in Sector 50 by June-end
A scheme to allot 14 commercial plots was launched in February 2023, and was given extension twice but applications were received only for three. The remaining plots will now be put up for sale under a fresh scheme.
BUSINESS
Greater Noida Authority puts 13 data centre plots on sale; scheme closes on July 4
The authority hopes to generate Rs 1,000 crore through the e-auction of these plots, which in total measure 70 acres.
BUSINESS
Delhi Development Authority to sell penthouses with golf course view in Dwarka
The 14 luxury penthouses are part of about 17,000 apartments that the agency is building in various parts of the city.
BUSINESS
Film City project: Yamuna Expressway Authority submits report to UP govt, meeting to finalise 3rd global tender soon
The report mentions recommendations such as giving a direct lease of 90 years instead of the current 60+30 years’ arrangement proposal, allotting smaller plots, etc.
BUSINESS
Gaurs Group to develop 450 luxury apartments with an investment of over Rs 500 crore in Jaypee Greens
The developer said that the apartments will come under the second phase of its ongoing luxury housing project The Islands by Gaurs. The land for the project has already been acquired.
BUSINESS
Delhi NCR residents' bodies demand incentives to upgrade DG sets per new emission norms
Upgrading RWA DG sets will cost upwards of Rs 6-12 lakh, which will have to be borne by residents in the absence of any government support. The upgrade has to be done by October.
BUSINESS
Noida Authority launches group housing plots in sectors 43 and 44
These land parcels are located in premium locations in central Noida sectors and judging from the demand for housing, the Authority wants to develop group housing projects in the area.
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.
