NOIDA: The Noida Authority is planning a study to determine the most suitable financial model for acquiring land in the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). The Noida Authority planning team has received instructions to conduct an extensive study of the financial models used in other states—Gujarat, Haryana, Delhi, and Rajasthan. Officials said the planning department’s […]
Realty developer Supertech will raise Rs 12,00-1,600 crore from OakTree financial to complete the stuck projects, Mohit Arora, Managing Director of the company told ET. Arora said that on Thursday, the Supreme Court has decided to not interfere in NCLAT order of June 2022, which allowed Supertech’s promoters to raise funds on priority funding basis […]
NOIDA: The Noida Authority is planning a study to determine the most suitable financial model for acquiring land in the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). The Noida Authority planning team has received instructions to conduct an extensive study of the financial models used in other states—Gujarat, Haryana, Delhi, and Rajasthan. Officials said the planning department’s […]
NOIDA: The Noida and Greater Noida authorities are considering a co-developer policy as a single solution for two major problems-finishing incomplete housing projects stalled due to a lack of funds and realising its dues. Companies will be allowed to infuse money into a project and complete them under the policy, instead of realtors striking co-developing […]
GURUGRAM: In the 1990s, when most of the city’s licensed colonies were being developed, the basic infrastructure — road, electricity, water and sewerage — was built keeping in mind the construction of two and a half floors on each residential plot. Over three decades later, the population has doubled, and the number of floors allowed […]
NEW DELHI: National Company Law Tribunal (NCLT)-Chandigarh bench has withheld the merger of NAM Estates and Embassy One Commercial Property Developments (Embassy One) into Indiabulls Real Estate (IBREL), the company informed in a BSE filing. It is pertinent to note that the merger already stands sanctioned by the NCLT-Bengaluru bench, which has jurisdiction over NAM […]
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to over 584 promoters of housing projects that were registered in January for not updating information related to their projects. These are part of a total 746 new housing projects covering 50,288 apartments worth around Rs 22,449 crore that were registered with the regulator […]
NEW DELHI: Property prices in the city are likely to go up soon as Delhi government has approved Municipal Corporation of Delhi’s (MCD) proposal to increase the transfer fee on the sale of properties by 1% point. The raise will be applicable to all properties valuing over Rs 25 lakh. “We have approved the proposal […]
NEW DELHI: Real estate developers remained active on land acquisition for future development and they closed at least 87 land deals totalling 1,862 acres during the last fiscal year, according to Anarock. During the previous year 2021-22, real estate consultant Anarock noted that 44 land deals accounting for about 1,649 acres were closed across various […]
GURUGRAM: In the 1990s, when most of the city’s licensed colonies were being developed, the basic infrastructure — road, electricity, water and sewerage — was built keeping in mind the construction of two and a half floors on each residential plot. Over three decades later, the population has doubled, and the number of floors allowed […]
NOIDA: Residents of Supertech Ecovillage 1 in Uttar Pradesh’s Greater Noida West have resorted to an indefinite sit-in to protest the lack of basic amenities. Protestors’ demands include better electrical infrastructure, along with rates at par with Noida Power Company Limited (NPCL) for an increase in per kilowatt power load if required by residents, basement […]
PRAYAGRAJ: The Allahabad high court has directed the Noida Authority to maintain status quo regarding its order of demolishing farmhouses located in Sector-135 of Noida allegedly built on flood plain region of the Yamuna. While directing the authority and National Mission for Clean Ganga to file counter affidavits, a division bench comprising Chief Justice Pritinker […]
