Noida
The hoteliers were aggrieved by Mayawati government’s decision to cancel the allotment of land after allegations of the land worth crores being given away cheap. The Supreme Court on Tuesday upheld the allotment of land but asked them to pay almost triple the original price if they still wanted to retain the allotted land. A [...] Continue Reading »
PropEquity, an online data and analytics search platform, has conducted an extensive study of the construction delays in real estate projects and the impact on the industry. Data points covering over 10,000 projects being executed by over 1,500 developers across 11 cities in prime residential locations have been studied to arrive at the trends contained [...] Continue Reading »
Market regulator SEBI on June 23 had directed two Sahara group companies — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL) — to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15 per cent from the date of receipt of money. Sahara [...] Continue Reading »
After high court verdicts on cancelling the land acquistion in noida extension, other villagers to take to the courts to demand their land back. The government in Uttar Pradesh has acquired thousands of acres of land along the Yamuna River to build housing blocks, highways, airport and even a Formula 1 track. Investors in Noida [...] Continue Reading »
The Noida Jal department has been taking stock of arrears due from residents and is imposing fines on dues that have not been paid. Residents will also face the heat if they are not able to produce past bills, if required by the department. Recently, Noida Authority launched the web portal “Noida Jal”. At the [...] Continue Reading »
Housing demand falls by 20 per cent following a court order directing return of land to the original owners. The Allahabad High Court has denotified more than 150 hectares of land acquired for residential development by the Greater Noida Authority and directed the entire land to be returns to their owners. Following the court order, [...] Continue Reading »
The Pune Special Cell held gang of fraudulent real estate managers for cheating more than 200 people in Delhi and Pune of crores of rupees. The fraudulent real estate managers tricked people into buying land in Masharashtra towns at ‘low rates’ and fled. “With the arrest of one Arvind Kumar, a resident of Paschim Vihar, [...] Continue Reading »
Every day the satellite township produces over 300 tonnes of municipal waste. In the absence of an efficient waste management system or even a designated landfill site, residents of Noida have started taking matters into their own hands are making innovative efforts to manage waste. Residents explained that the root of the problems lies in [...] Continue Reading »
Experts say those who did not get a flat in the recent DDA draw must explore options in the NCR. Realty experts say that those who did not get a flat in the recent DDA draw or all those who have not booked a DDA flat must think of the NCR now. The overall development [...] Continue Reading »
Around 16,118 flats were allotted on Monday after a DDA draw of lots. The list of the successful applicants was uploaded on the DDA website by evening. The process of taking over possession of these flats will, however, happen only towards the end of this year. The draw of lots was conducted in Noida this [...] Continue Reading »
