Allahabad High Court
New Delhi- With Indian real estate booming from the past decades, India has become a hotspot for not just nationals, but also for NRIs to make investments. Most NRIs now prefer investing in their homeland and settling down here. As per studies conducted in the year 2012, about 40 percent of the Delhi-NCR properties were from NRI investors. NRIs [...] Continue Reading »
Noida- With the latest drives carried out by every city to remove the cellphone towers, Greater Noida Authority has already shutdown operations of about five of them which were situated in schools and hospitals. The awareness of harmful radiations emitted from the towers has made this drive even more effective. Prior to the shutting down of the [...] Continue Reading »
Around 100,000 home buyers in Noida Extension, stuck in a land controversy since May 2011 can expect a faster delivery of their units as National Capital Region Planning Board (NCRPB) has approved the draft Master Plan 2021 of Greater Noida Authority. Around 30 projects had been stuck in the area. NCRPB has sent its letter [...] Continue Reading »
The Allahabad High Court has ordered the builders to pay more compensation for landowners in the areas of Noida Extension. The court ruled out to stop acquisition of lands in the area against a review petition filed by the Greater Noida Authority against the termination of land acquisition in Chaksahberi, Asadullapur and Devla villages. The [...] Continue Reading »
Private equity (PE) funds have become conscious regarding the investment into real estate in India. Now a days, the PE firms are showing less interest in investing in start up projects, since most of the earlier investments have not shown the expected appreciation so far. Moreover, the project delays also worries the PE investors. $359 [...] Continue Reading »
Due to health hazards and harmful radiation, residents of apartments in Noida have asked for shut down of mobile towers in the localities. According to data, around 50% of total number of towers in Noida are situated in residential area which are allowed by the owners to be installed. The president of the federation of [...] Continue Reading »
A case has been filed by two real estate builders in the Allahabad High Court, complaining against the Yamuna expressway authority. In the case file the builders mentioned that the YEA arbitrarily canceled the plots which had been allotted to them earlier vied a scheme. According to the YEA officials, the allotment was canceled as [...] Continue Reading »
The Yamuna Expressway Industrial Development Authority (YEIDA) dropped the urgency clause for acquiring village lands. The decision has been taken after the order ruled out by Allahabad high court. According to the order any land acquired from the farmers without hearing objections should be returned to them. Farmers are also ready to sale the lands [...] Continue Reading »
The denizens in Noida were downtrodden with the judgment passed by the Allahabad High Court in concern with the hurdles of them establishing dream homes. G L Sagar the secretary of Noida Extension Flat Buyers Welfare Association ( NEFBWA) reported saying that the Greater Noida Authority has approved for the implementation for the Master Plan [...] Continue Reading »
A notification for acquisition of the land (under Section 4 along with 17 (1) of the Land Acquisition Act) was issued on November 19, 2008, for planned industrial development of Dadri. Later, notification under Section 6 of the Act was issued on March 23, 2009. A division bench of the Allahabad High Court on Tuesday [...] Continue Reading »
