BUSINESS
Haryana govt presents Rs 1.83 lakh crore budget, allocates Rs 5,893 crore for urban development and housing sector
Chief Minister Manohar Lal also announced to set up two data centre parks in the state, one each in Gurugram and Ambala and also to build 1 lakh houses in the year 2023-24. He also proposed a scheme to settle arrears of renewal fee in the Town and Country Planning department.
BUSINESS
UP govt presents Rs 6.90-lakh crore budget for 2023-24; Rs 85 crore set aside for data centres
The state government has made an allocation of Rs 3,000 crore for the Chief Minister's Urban Expansion New City Promotion Scheme.
BUSINESS
Noida Authority plans to auction 14 commercial plots in March
The plots offered measure between 871 sq m and 51,417 sq m. The last date for registration is March 13, 2023, and the allotment will be through e-auctions. Officials said the e-auction will be conducted only if each plot gets a minimum of three applications.
BUSINESS
YEIDA doubles allocation for Jewar airport to Rs 805 crore
The Authority also announced a one- time settlement (OTS) scheme for three months starting March 1. It has decided to waive off the penal interest of defaulting builders under the scheme.
BUSINESS
MC Explains: DDA’s demolition drive leaves hundreds of people homeless in Mehrauli
Authority says residents had encroached Mehrauli Archaeological Park land. Residents say they have been living in the area for years, and ask if it was illegal, why construction was allowed in the first place. Meanwhile, Delhi Revenue Minister orders fresh demarcation.
BUSINESS
Residents of Gurugram’s Chintels Paradiso towers refuse to vacate, demand reconstruction of flats at same site
The structural safety audit report of towers E and F by IIT-Delhi has said that both towers are not safe for living and hence should be vacated.
BUSINESS
Chintels Paradiso: Administration orders immediate evacuation of 2 towers after being declared unsafe
A report by IIT-Delhi on Towers E and F, which was released by the district administration on February 14, had said that “due to rapid corrosion of reinforcement due to the presence of chlorides, the structure is not safe for habitation”.
BUSINESS
Gautam Budh Nagar bags investment proposals worth Rs 10.3 lakh crore
Ikea, Lulu Group, and Adani Group are among the major entities that proposed investments at the UP Global Investors Summit.
BUSINESS
Chintels Paradiso project: Two more towers declared unsafe by IIT-Delhi report
On February 10 last year, the ceilings of several flats in tower D of the complex collapsed, killing two.
BUSINESS
UP Investor Summit | Gautam Budh Nagar inks investment proposals worth over Rs 2.76 lakh crore
Lulu Group is likely to invest Rs 2,500 crore in Noida to set up a mall and a hotel, Ikea has pledged an investment of Rs 4,300 crore and Adani has sought 700 acres for an industrial and warehousing complex near the Jewar Airport
BUSINESS
One year of Chintels roof collapse in Gurugram: An uncertain future awaits residents
After the collapse of a roof in Tower D Chintels Paradiso society, 28 families have been living in rented premises. Also, even after a structural audit found deficiencies in the construction, affected residents have not been given alternative flats or compensation.
BUSINESS
Noida, Greater Noida authorities to offer 15 plots for data centres
The Noida Authority has called for applications for 5 plots in sectors 154 and 164, and GNIDA, which is eyeing an investment of more than Rs 30,000 crore, has 10 plots on offer in Knowledge Park V and Tech Zone
BUSINESS
No place to call home: Tashee Capital Gateway homebuyers stage protest over seven-year delay in apartment delivery
Tashee Capital Gateway is located at Gurugram's Sector 111. Launched in 2010, it was scheduled to be completed in 2015. Homebuyers claim that Phase-1 of the project is only 60 percent complete and Phase-2 just 40 percent
BUSINESS
Signature View Apartments: Residents demand compensation, implementation of LG’s directives in letter and spirit
Falling concrete, cracks in buildings pose threat to lives of residents in the high-rise towers. DDA to meet the residents on January 30 to thrash out the future course of action.
BUSINESS
Noida tea seller makes highest bid of Rs 3.25 lakh a month rent for kiosk in upscale Sector-18 market
Sonu Kumar Jha, a tea and gutka seller, has agreed to pay a 1,203 percent higher amount than the base rent of the kiosk. He will have to deposit 14 months’ rent in advance, which roughly amounts to Rs 45 lakh, to the Noida Authority.
BUSINESS
Greater Noida Authority launches scheme for allotment of 186 residential plots
These plots are located in Sector 2, Chi 3, Delta 2, Delta 3, Sigma 1, Sigma 2 and Phi 3; Scheme to close on February 3
BUSINESS
Supertech twin tower demolition: Noida Authority to conduct fresh sound test as residents complain of noise
The work to remove the debris has been stalled after residents of the area protested against the noise and dust pollution
BUSINESS
Homebuyers in Gurugram's Chintels Paradiso demand compensation at market rate
The revised evaluation report has been submitted to the district administration and a compensation order is likely to be issued in 2-3 days.
BUSINESS
Noida Authority plans to auction 17 industrial plots in February
The last date of registration for prospective buyers is February 3, while the deadline for the final submission of documents is February 5
BUSINESS
Poor response forces Noida group housing scheme seek a second extension
Only those real estate developers who will be able to pay the land cost within 90 days of the allotment will be able to buy these land parcels.
BUSINESS
UP developers seek lenient terms their counterparts in Haryana enjoy
The Uttar Pradesh chapter of the National Real Estate Development Council (NAREDCO) has written to UP Chief Secretary Durga Shanker Mishra requesting him to accept the OTS proposal by adopting either the State Bank of India’s MCLR or marginal cost of funds-based lending rate (simple interest) from the date of allotment, or adopt an OTS scheme on lines of Haryana’s “Samadhan se Vikas” policy, and then reschedule the outstanding amount thus worked out.
BUSINESS
Dedicated road to connect Yamuna Expressway, Banke Bihari temple; industry body plans 'heritage city'
The Authority also decided to develop a “heritage city” in the 500 metre to 1 km area on both sides of this greenfield expressway. Hotels, motels and recreational activities along the new greenfield expressway will also come up.
BUSINESS
Chintels Paradiso still await 'order of settlement' with builder; urge authorities to expedite the process
Residents are demanding either good enough compensation to buy a comparable apartment in the same or similar location, or give them new flats at the same site.
BUSINESS
Noida reschedulement policy: Only 2 builders opt so far, CEO directs to expedite flat registry process
The Authority CEO Ritu Maheshwari directed officials to initiate stricter actions such as cancelling the allotment of plots against defaulter builders. Directions have also been issued to expedite the process of execution of registration of flats in those housing societies cases of which are in NCLT and also of those builders who have been permitted flat-wise registries.
