Noida
Addressing a press conference at Noida, representatives of the Confederation of Real Estate Developers’ Association of India (CREDAI), Western Uttar Pradesh Chapter, said that all those who had booked houses in the affected projects would get back their money, including the cost incurred as home loan interest, if they so desired. The builders and developers [...] Continue Reading »
The recent Supreme Court ruling brings to light the fact that the builders need to be more transparent regarding the land they are developing and the buyers need to be more cautious about the status of the land on which their flats/houses are being built.The Supreme Court ruling has come as an eye-opener to all [...] Continue Reading »
The pricing of properties in Noida Extension was between Rs 15 and 25 lakh for a 2/3-BHK flat since the rates and the unit sizes offered were less than those compared in Gurgaon. The per unit rate begins at Rs 45 lakh for a 2-BHK flat. However, the only way in which the SC judgment [...] Continue Reading »
After many days of Supreme Court’s orders of canceling the allotment of farmland to private builders in Greater Noida, a fresh Public Interest Litigation (PIL) was filed on Tuesday challenging the Noida Authority’s decision to allot land of farmers at cheap rates for farmhouse scheme. In the petition, it has been alleged that the decision [...] Continue Reading »
With farmers in Sahberi and other Noida Extension villages now eager to sell land directly to builders for higher rates, the govt is worried that planned development in the area could go for a toss. TOI did a quick survey of the Noida Extension-Greater Noida belt and found several unauthorised enclaves plotted and sold by [...] Continue Reading »
“Noida as well as Greater Noida offer a wide range of affordable housing, so the demand cannot go down for such units. At present, there is confusion in the minds of buyers because of the SC order. This should settle down in the next fortnight,” said Getamber Anand, vice-president CREDAI. However, while many property agents [...] Continue Reading »
The Noida Authority on Wednesday cancelled the allotment of 108 flats in sector 71 reportedly for carrying out illegal constructions. The RWA of the colony, however, has said that Noida Authority should have stopped the illegal constructions when it was happening under their noses instead of harassing the residents now. Noida Sector 71 RWA president [...] Continue Reading »
In two separate incidents, Noida residents had their cars stolen from the sector 18 parking. Moreover, the parking attendants had no clue about what had happened to the vehicles. In the first incident, Govind Singh, a senior official in electricity department and resident of sector 20 went to sector 18 market along with his family [...] Continue Reading »
According to a market researcher, a total of Rs 3,000 crore has been put at stake which comprises about Rs 900-1,000 crore of individual investors and rest between developers and financial institutions. The worst affected among the four namely — the builders, banks, investors and farmers — are middle class investors. In the eye of [...] Continue Reading »
Noida and Greater Noida have become populous cities. In addition, several housing projects are underway in Noida Extension. In the last two years, 397 hectares of land has been dedicated for group housing schemes and that has led to a hike in population density. The density of Gautam Budh Nagar is 1,252 now as compared [...] Continue Reading »
