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.
BUSINESS
Only 16,800 homebuyers could get flats registered in Gautam Budh Nagar until February 2023: Data
Many builders have either not paid their dues to the authorities or are yet to complete projects, forcing hapless homebuyers to wait endlessly.
BUSINESS
Buyers lap up 64 Greater Noida residential plots for Rs 141 crore, pay three times the base price
The e-auction shows the residential real estate potential of the investment and commercial hub, says Greater Noida Industrial Development Authority CEO Ritu Maheshwari.
BUSINESS
Noida Sector 18 market likely to be redeveloped on lines of Connaught Place before G20 summit
Noida Sector 18 market likely to be redeveloped on lines of Connaught Place before G20 summit. Following a meeting between traders operating in the market and Noida Authority officials, the authority has prepared a plan to beautify the upscale market.
BUSINESS
Greater Noida Authority aims to earn Rs 1,200 crore by e-auctioning 22 institutional plots
An investment of about Rs 10,000 crore is expected to be made on these plots, sufficient to generate employment for around 5,000 people, GNIDA officer on special duty (institutional) Naveen Kumar Singh has said
BUSINESS
Filmmakers and music companies evince interest in upcoming International Film City
Global music and filmmaking companies such as Sony, Fox and Universal have also shown interest in the project.
BUSINESS
Haryana govt seeks suggestions from stakeholders on suspension of stilt-plus-four-floor building plan approvals
The proposed ban comes in the backdrop of complaints by residents of the northern part of Chandigarh who are resisting the administration’s practice of converting single residential units into apartments.
BUSINESS
Greater Noida Authority takes action against two builders for not clearing dues
The GNIDA also cancelled allotment of plots to three educational institutions for not completing the project and also non-payment of dues.
BUSINESS
Delhi govt presents Rs 78,800-crore Budget; lends special thrust on road infrastructure
Proposes removal of all three landfill sites in the national capital in the next two years ― the Okhla landfill by December 2023, the Bhalswa landfill by March 2024, and the Ghazipur landfill by December 2024.
BUSINESS
MC Explains: All about the upcoming 1,000-acre Global City in Gurugram
The project is envisioned as a city within a city and a new central business district for Gurugram.
BUSINESS
Sixty-eight out of 115 Noida group housing projects are 'defaulters', yet to get occupancy certificate
The Noida Authority has uploaded a list of all 115 group housing projects on its official website, providing information for prospective homebuyers. The list shows that the city has 21 completed projects, but registries have not taken place due to pending dues.
BUSINESS
Second phase of structural safety audit of 15 Gurugram condominiums to start in April
Issues such as seepage in basements, and plasters peeling off the walls in balconies were witnessed in most of the societies during the first phase of structural audit
BUSINESS
Centre gets mixed response from residents on rules for upkeep of stray dogs
Along with other conditions, feeding spots should be far from children play areas, entry and exit points, staircases, and in an area least frequented by children and senior citizens.
BUSINESS
UPRERA to freeze bank accounts of promoters evading review meetings of lapsed projects
Sales and purchases in such projects may also be prohibited. Registration of new projects of these promoters may also be barred, said the Authority.
BUSINESS
Chintels Paradiso developer asked to evacuate residents of two towers immediately, pay rent at Rs 15 psft
The district administration had ordered the evacuation of towers E and F of the Gurugram housing complex after a portion of tower D collapsed in February killing two women. Residents want clarity over the reconstruction of their flats.
BUSINESS
Noida Authority empanels institutions for safety audit of building; audit report mandatory for OC from April 1
The technical institutions that have been empanelled to conduct these audits are Indian Institute of Technology-Kanpur, Delhi Technical University, MNIT Allahabad, BITS Pilani, Aligarh Muslim University, MNIT Jaipur and Central Building Research Institute Roorkee, the authority said.
BUSINESS
Greater Noida authority extends last date of application for data centre plots
The state’s data centre policy offers various incentives such as capital subsidy, interest subvention, and stamp duty exemption, along with non-financial and energy-related incentives.
BUSINESS
With Delhi’s Ashram flyover extension opening, property prices in the area set to rise 10-15%
Rentals are also expected to rise 10 percent with the new flyover set to improve connectivity and cut travel time between South Delhi and Noida.
BUSINESS
Last date of application for investments in Noida international film city extended
Yamuna Expressway Industrial Development Authority extends date from February 28 to March 31. The film city will come up in Sector 21, along the Yamuna Expressway. Arun Vir Singh, CEO, YEIDA, says global companies like Sony have shown interest in the project.
