BUSINESS
Noida Authority signs MOUs worth Rs 58,000 crore ahead of UP Global Investors Summit
Investment proposals of Rs 30,000 crore have been finalised in real estate and retail sectors
BUSINESS
Residents rejoice as Greater Noida Authority permits registration of over 2,200 flats in 3 housing societies
The builders allowed to register homes in their projects are Starcity Real Estate, Enticement Limited and Gulshan Developers
BUSINESS
Noida Authority launches housing scheme to sell 340 flats in six sectors
The prices of these flats range between Rs 45 lakh and Rs 1.79 crore and the last date to apply is January 31, 2023.
BUSINESS
Delhi-Ghaziabad-Meerut RRTS corridor set to change real estate dynamics along the corridor
Real estate experts say that rates of properties in these areas have increased by 35-40 percent in the last two years.
BUSINESS
MC Explains: Will the re-schedulement policy for the payment of builders' dues help developers & homebuyers
Both developers and homebuyers said the scheme will not be of much use. Developers say the relief is paltry. Homebuyers say registrations should not be stalled as they’ve paid up.
BUSINESS
Homebuyers fear more delays following ban on construction in NCR
The Commission for Air Quality Management invokes Stage III of the Graded Response Action Plan, including a ban on non-essential construction and demolition in the National Capital Region
BUSINESS
Noida, Greater Noida authorities approve policy for rescheduling payment of dues owed by builders
The authority also cleared policies for keeping pets and maintaining structural safety of high-rises. It also approved extension of Noida Metro to Bodaki from Depot station in Greater Noida
BUSINESS
Noida Authority slaps Rs 235-crore payment notice on DLF in Mall of India land case
Authority sources said that the developer will have to pay the desired amount within 15 days else appropriate legal action will be taken
BUSINESS
Chintels Paradiso case: Evacuation of towers E and F still to take place; residents claim safety audit reports not yet received
The Gurugram district administration had, in November, ordered demolition of tower D after it was found unfit for habitation. The demolition order had also noted that there was sagging in one of the balconies of tower F, and other distress signs in various other flats of towers E and F. The administration had advised evacuation of these two towers.
BUSINESS
Chintels Paradiso case: Police arrest proprietor of firm involved in repair works
Amit Austin, who was the proprietor of the firm involved in the repair works, was arrested on December 21 by a SIT formed to probe the case, said the police.
BUSINESS
Green View apartment owners cry foul as NBCC stops rental assistance to residents evicted following cracks in building
NBCC says buyback offer has been given, and rental assistance cannot be given in perpetuity
BUSINESS
Gurgaon municipal authorities unleash Gestapo tactics on dogs and pet owners
MCG warns that unregistered dogs will be ‘destroyed or disposed of’, seizes a German Shepherd, mini Bully, Pakistani Bully and a Pitbull. 11 foreign breeds have also been banned. Activists say the authorities cannot invade people’s homes and take their dogs away or kill them, regardless of whether they are registered or unregistered.
BUSINESS
No serious deficiencies found in structural audit of 15 condominiums, says Gurugram deputy commissioner
In most of the societies, deficiencies are limited to plasters peeling off the wall, seepage and water accumulation in basements or problems in balconies
BUSINESS
Gurugram high-rise residents claim structural audit reports not given to them
Structural safety audits were carried out in 17 multi-storeyed apartment complexes on the directions of deputy commissioner Nishant Kumar Yadav after residents complained of deficiencies in the buildings.
BUSINESS
Supertech Emerald Court society in Noida issues notices to owners running paying guest facilities
Legal experts said that any commercial activity such as running hostels within a residential society are not legal but denying a bachelor a flat on rent is also a violation of Article 15 of the Constitution.
BUSINESS
Supertech twin towers' debris removal deadline missed, may take one-and-a-half months more
Around 60 percent of construction and demolition waste cleared; delay on account of the GRAP (Graded Response Action Plan) ban on construction, claims the company tasked with the removal of debris. The Supreme Court deadline was November 28.
BUSINESS
Builders say implementing SC order may delay registration of 1.5 lakh homes in Noida, Greater Noida; one-time settlement of dues sought
Developers say a one-time settlement scheme should be introduced as in Haryana to settle dues, while industry body CREDAI argues that steps to realise dues at higher rates can lead developers to the NCLT
BUSINESS
Gurugram complex owners claim no access to facilities, developer denies charge
The builder is said to have revised the project plan in 2019 without seeking mandatory consent from flat owners.
BUSINESS
Rentals of residential spaces up by 20-25 percent in Delhi-NCR
The jump in rentals is higher in prime localities such as Defence Colony, Greater Kailash-2 in Delhi, localities around the Dwarka Expressway and Golf Course Road in Gurugram and sectors located around the Noida-Greater Noida Expressway and Central Noida, which includes sectors such as 50, 51, 78 and 76.
BUSINESS
MC Explains| A new Noida policy can change the way high-rises are bought in India
Residents hail the move to make structural safety audits mandatory for occupancy certificates, but have reservations over vesting owners associations with the responsibility of carrying out the audits in buildings older than five years.
BUSINESS
Noida Authority starts issuing notices to developers to clear their dues
BUSINESS
Supreme Court issues notice to builder in Chintels Paradiso case
The apex court said lawyers of the residents of the society and the developer may jointly work out compensation payable to residents.
