Noida
The center’s Rs 25,000 crore relief package is as of now out of reach for most critical housing projects in Noida. A real estate market that badly needs a relief package from the govt because most of the projects do not meet the eligibility clause. The central fund can only be utilized to complete projects [...] Continue Reading »
The hundreds of crores homebuyers have invested in Noida are safe. The Centre’s draft of the redrawn eco-sensitive zone around the Okhla bird sanctuary doesn’t affect any realty project in the area, a highly placed official in the UP government said on Sunday. T The draft proposes a no-construction zone extending 1.27km from the sanctuary [...] Continue Reading »
Noida has it all. Residential units in this market are available within the affordable price range of Rs 45 lakh to Rs 55 lakh in both the primary as well as the secondary market. What, however, has ruined buyer sentiment in this market is delay in delivery in many cases. Things could look up for [...] Continue Reading »
The Noida Authority has decided to change the design plan for the proposed 6km elevated road on DSC road, opting to construct the support pillars using Reinforced Concrete Cement (RCC) instead of steel. The move will help to reduce the total cost of construction by Rs 100 crore, officials said. The proposed stretch, which is [...] Continue Reading »
Amid speculation that the environment ministry is planning to make NGT a mere advisory body, lawyers, petitioners and even common people are concerned about losing an important instrument of ensuring environmental justice. After the Centre’s decision to replace the planning commission, the ministry may amend National Green Tribunal Act 2010 to strip NGT of its [...] Continue Reading »
The number of millionaires in the country is comparatively rising up. The Kotak Wealth report released in July 2014 shows that the number of ultra high networth individuals (UNHIs) rose by 16 percent from 1,00,900 in 2012-13 to 1,17,000 in 2013-14, while their net worth rose by 21 percent from Rs 86 trillion to Rs [...] Continue Reading »
The Environmentalist Mahendra Pandey, on Monday has filed a petition with the National Green Tribunal (NGT) against an upcoming ‘group housing scheme’ in the Sector 150 ‘Sports City’, that is being promoted by Noida Authorities. They have claimed that the housing scheme disregards the Authorities own Noida Masterplan. Mahendra Pandey has claimed the plot falls [...] Continue Reading »
The Delhi Development Authority’s (DDA) engineers will launch a protest against the decision to close 18 of its construction divisions. The move to shut divisions is in line with DDA’s restructure plan. More than about 250 engineers would be either shifted or asked to take voluntary retirement. The decision was taken after comparing workloads of [...] Continue Reading »
The Delhi Development Authority (DDA) has decided to slash its registration fee by Rs 50,000 for its new housing scheme expected to kick-off by the end of this month. For its 2010 housing scheme, the DDA had charged Rs 1.5 lakh as the registration fee but this time it has decided to cut the charge [...] Continue Reading »
The Realty player Poddar Developers today reported over three-fold jump in the consolidated net profit for the April-June quarter at Rs 10.20 crore mainly on the back of improved sales. It had reported a net profit of Rs 2.94 crore in the corresponding quarter last fiscal, a release issued here said. The Mumbai-based firm sales [...] Continue Reading »
