News

Builder-buyers meetings planned to resolve dispute in Greater Noida

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has scheduled meetings with home buyers and real estate developers from October 7 onwards in a bid to resolve issues between them, officials said on Tuesday. The GNIDA has put out a list of six group housing projects and said the number of home buyers and representatives […]

Delhi HC asks Supertech to pay Rs 40 lakh to homebuyer by Oct end

NEW DELHI: The Delhi high court on Monday asked realtor Supertech to pay Rs 40 lakh by the end of October to a home buyer, who has filed a complaint about the delay in giving possession of a villa in one of the company’s projects in Yamuna Expressway Industrial Development Area, adjacent to the national […]

Office leasing jumps over 2.5 fold in eight cities in July-Sept: Report

NEW DELHI: Leasing of office spaces witnessed a sharp uptick in the July-September period at 12.5 million square feet across top eight cities on better demand, especially from the IT sector, with economy coming back to normalcy and corporate workforces slowly returning to work from office, according to Knight Frank India. The gross absorption of […]

About 3,800 families may be shifted for Noida International airport phase II

GREATER NOIDA: A three-month-long social impact assessment (SIA) survey for the Noida International Airport phase II at Jewar has found that nearly 3,800 families in six villages are likely to be displaced for the project and many residents were “ready” to offer with their agricultural land for the “development of the region”. A six-member team […]

No centre nod yet, key metro project in Gurugram may not start this year

GURUGRAM: Work on the Gurugram metro corridor between Huda City Centre and Cyber City is unlikely to begin this year. The detailed project report (DPR) is awaiting the Union urban development ministry’s approval, according to the Haryana Mass Rapid Transport Corporation Limited . Officials from the corporation said the DPR is awaiting approval of the […]

Haryana: Deen Dayal Jan Awas Yojana a win-win for builders and buyers

NEW DELHI: Affordable housing was always a popular choice among buyers but why developers have also got interested in this segment in Gurugram is an interesting story in itself. There is a reason behind this paradigm shift. A market where only an affluent could dare to purchase is now becoming a real estate hub for […]

Three Noida authority officers suspended, total 26 found involved in Supertech case

NOIDA | LUCKNOW: The Uttar Pradesh government on Sunday suspended three Noida Industrial Development Authority (NOIDA) officers over their role in illegal construction of Supertech’s two 40-storey towers in Noida, according to an official statement. A special investigation team (SIT) probing the matter has found 26 officials of the NOIDA guilty in the case of […]

Grasim Industries gets Rs 8,334-crore income tax demand

NEW DELHI: Grasim Industries Ltd on Friday said the income tax department has raised a demand of Rs 8,334 crore on the company as capital gains tax with regard to sale of shares in a group firm. The Aditya Birla Group firm added that it would take “appropriate action” against the tax demand. Deputy Commissioner […]

About 3,800 families may be shifted for Noida International airport phase II

GREATER NOIDA: A three-month-long social impact assessment (SIA) survey for the Noida International Airport phase II at Jewar has found that nearly 3,800 families in six villages are likely to be displaced for the project and many residents were “ready” to offer with their agricultural land for the “development of the region”. A six-member team […]

Noida Authority orders sealing of unsold units in ATS & Supertech projects

NOIDA: The Noida Authority on Friday initiated action against developers who are yet to act on complaints related to handover of maintenance to apartment owners’ associations, among other things. In a meeting in August, the Authority had given developers a September 30 deadline. The most common complaint was interest-free maintenance charges not being transferred to […]

One-time settlement scheme for defaulting Yamuna Expressway plot allottees

GREATER NOIDA: Allottees who got land along the Yamuna Expressway but defaulted on payments will now be able to apply for the one-time settlement (OTS) scheme and pay money online. The Yamuna Expressway Authority has set up a portal to handle the end-to-end process online. Officials say the OTS scheme launched from Friday is expected […]

Noida Authority orders sealing of unsold units in ATS & Supertech projects

NOIDA: The Noida Authority on Friday initiated action against developers who are yet to act on complaints related to handover of maintenance to apartment owners’ associations, among other things. In a meeting in August, the Authority had given developers a September 30 deadline. The most common complaint was interest-free maintenance charges not being transferred to […]

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