The company has been catering to NRI demand from international markets such as the UAE, Singapore, Australia, and the USA.
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
GNIDA is hopeful of a good response from buyers because these plots are ready for allocation and are located in sectors having proximity to the upcoming Noida International Airport and eastern and western dedicated freight corridors.
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.
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.
Directions were also issued to immediately display information regarding dues of builders, defaulters, project wise occupancy and completion certificates and updated status of registry of flats on the website of the Authority.
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.
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'
The accused have been charged with cheating, criminal breach of trust, and endangering the life and safety of others, besides provisions of the Prevention of Corruption Act.
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.
Mumbai is the 18th most expensive (in US dollar terms) prime residential market in the world, says Knight Frank’s The Wealth Report 2023
The court observed that as per the ATR filed by the police, the construction was not complete, and not all the licences or permissions pertaining to the project had been obtained.
The project was launched in 2011 and possession was to be given to buyers in 2015. However, not even a single unit has been delivered till date. The case in being probed by EOW of Delhi Police.
The Noida Authority may reduce the number of machines clearing the debris at the site to cut noise pollution.
However, all earlier sanctioned stilt plus four-floor building plans will remain valid.
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.
The state government has made an allocation of Rs 3,000 crore for the Chief Minister's Urban Expansion New City Promotion Scheme.
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.
The company will be launching a high-rise condominium project after almost a decade and is eyeing a revenue potential of Rs 8,000 crore
Prior to this, Justice Gupta was a judge at Patna High Court. He has also served as a judge at Haryana and Punjab High Court.
Bengaluru and Hyderabad have seen maximum 5-yearly increase of 10 percent in average property prices; The IT capital also saw the highest rental yield of 3.9 percent among all major cities, followed by Mumbai with 3.8 percent.
Land rates are already up 60-70 percent near the Sohna-Dausa section of the expressway. Improved connectivity is expected to lead to increased demand for commercial space and warehousing and logistics activities.
East Asian architecture, as can be seen in the ancient town of Hoi An, is a cultural amalgamation between the traditional, the modern, and finally the postmodern. Yet, its distinct foundational architectural mechanism is what has enabled it to withstand many decades of natural and war calamities alike during the last century.
Residents demanded reconstruction of flats at the same site to which the DC assured that he will write to the department of town and country planning to consider the demand.
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.