Delhi-NCR
On Monday, Union Housing and Urban Affairs Minister Hardeep Singh Puri said that the Delhi Development Authority (DDA) will redevelop over 370 JJ clusters under the slum rehabilitation program of the under Pradhan Mantri Awas Yojana-Urban. The decision was taken after the Delhi Urban Shelter Improvement Board (DUSIB), which comes under the AAP government, missed to [...] Continue Reading »
The Ghaziabad district administration has come up with malicious use of evading stamp duty in the buy and sale of residential land in urban villages or those with high potential of development in the district by paying lower circle rates set for agricultural land. On Friday, District Magistrate Ajay Shankar Pandey said that following the uncovering of this tricky method, the [...] Continue Reading »
In a bid to boost the economy and strengthen the construction sector in the country, the PM Narendra Modi led government has instructed all ministries and departments to facilitate due payments to contractors and construction companies. The purpose is to invest the fund in the construction sector and generate more job opportunities. In the past years, an [...] Continue Reading »
Junior Finance Minister Anurag Thakur said in a reply to a question in the Lok Sabha that these properties have been seized through Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, Debts Recovery Tribunals, and National Company Law Tribunal among others. He further added that there are other 64,400 properties [...] Continue Reading »
Greater Noida Industrial Development Authority (GNIDA) officials said in a recently held board meeting that residential land rates in several Greater Noida Sectors would be reviewed by the next financial year to meet the current market rates. The decision was taken to revise the prices due to the difference in price points of properties across various sectors. [...] Continue Reading »
The Supreme Court (SC) ordered the National Building Construction Corporation (NBCC) Ltd. to start and finish the work of 8-stalled housing projects involving 11,258 housing units in Noida and Greater Noida and start delivering possession to the buyers. The Supreme Court judges directed by Justice Arun Mishra including Justice Uday Lalit asked NBCC (India) Ltd to [...] Continue Reading »
On 29th November 2019, Switzerland’s Zurich Airport International AG known for Switch Clockwork-precision operating at its flagship Zurich Airport came out as the highest bidder for the proposed international airport at Jewar, Noida, Uttar Pradesh, overstep competitors like Adani Enterprises Ltd, DIAL, and Anchorage Infrastructure Investments Holdings Ltd by offering the highest bid sparking hopes for the [...] Continue Reading »
In an attempt to help the NBFCs and real estate companies, the center is considering more relief measures for both underscore sectors. In the last few months, the government has announced or initiated some measures to sharp reduce liquidity and credit crisis in the economy. Source states, the government is considering the option of relieving [...] Continue Reading »
The National Green Tribunal slapped a short penalty of Rs 10 crore on a Faridabad builder for violating environmental norms that causing pollution for the city. The penalty was imposed after observing that the “environment is priceless. The green panel ordered the Haryana government and the state pollution control board to ban the project supporter – Smart Housing Pvt [...] Continue Reading »
NEW DELHI: A bill that endeavors to implement and provide a legal framework to impart ownership rights to those residing in unauthorized localities in Delhi was included in the Lok Sabha on Tuesday. Urban Affairs Minister and Union Housing Hardeep Singh Puri presented the National Capital. The territory of Delhi (Recognition of Property Rights of Tenants in Unapproved [...] Continue Reading »
