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.
BUSINESS
Delhi's Signature View Apartments residents demand fair compensation, seek clarity over redevelopment
Delhi LG Vinai Kumar Saxena in January ordered the authorities to redevelop the 'structurally damaged' housing complex in North Delhi and help residents facing 'grave danger to life and property'
BUSINESS
Greater Noida Authority to cancel plots allotted to builders who have not cleared dues
Builders owe nearly Rs 13,500 crore to GNIDA. Only 10 defaulter builders have so far applied for the re-schedulement policy, which was launched in December 2022.
BUSINESS
Greater Noida Authority land allotment to bring in Rs 400 cr investment
While the authority has earned Rs 15.40 crore from the e-auction of the three institutional plots, the revenue earned from the two industrial plots is not known. Haryana Gas City Company and Time Server Services are the two firms which have been allotted industrial plots.
BUSINESS
Noida tea-seller who bagged a kiosk for Rs 3.25 lakh monthly rent backs out
Cites inability to pay the three-month security deposit and an 11-month advance rent amounting to Rs 45.5 lakh; Noida Authority says rent can't be broken into instalments.
BUSINESS
Noise levels around demolished Supertech Twin Towers exceed limits
The Noida Authority may reduce the number of machines clearing the debris at the site to cut noise pollution.
BUSINESS
Haryana government keeps stilt plus four-floor building plan approvals in abeyance, order issued
However, all earlier sanctioned stilt plus four-floor building plans will remain valid.
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.
