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.
BUSINESS
Lukewarm response to industrial plot scheme prompts Noida Authority to again extend deadline for bids
According to officials, there are 6-7 plots where less than three applications have been received. Hence, the date was extended. The rules say that at least three applications should be received against each plot for the process to move to the next stage of e-bidding.
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.
