News

Pay up for lease deed registry in 15 days: Greater Noida development body

GREATER NOIDA: More than 3,350 allottees of flats or residential plots who are yet to get the lease deeds registered with the Greater Noida Authority, will get a last chance to claim their property. Officials said that the plots would be taken back if the defaulters fail to comply with the ultimatum within a fortnight. […]

Lack of cheap houses is forcing migrants to leave, say Noida’s entrepreneurs

NOIDA: Amid apprehension of a third wave of the pandemic, Noida’s entrepreneurs have flagged the need for a permanent low-cost housing solution for the city’s migrant workers. They claim that the unavailability of cheap housing and inadequate medical facilities are the two reasons why migrant workers are forced to leave the city in times of […]

HUDA issues additional guidelines for registration of floors as residential units

CHANDIGARH: Haryana financial commissioner Sanjeev Kaushal has issued additional guidelines for registration of different floors as separate dwelling units in case of residential plots developed by the Haryana Urban Development Authority (HUDA) so that leakage can be avoided in stamp and registration duties. In this regard, Kaushal has issued a letter to all the deputy […]

When is the right time to draft a property will?

NEW DELHI: Rising number of COVID-19 cases related deaths have also sparked a crucial real estate discussion on the property inheritance. You must have seen family disputes over property matters languishing in the courts for years. This is because inheritance issues in India are very complicated and a single step can ensure your amicable distribution […]

Nuvoco Vistas gets Sebi nod to raise Rs 5,000 crore through IPO

NEW DELHI: Nuvoco Vistas Corporation Ltd, part of the Nirma Group, has received capital markets regulator Sebi’s go-ahead to raise Rs 5,000 crore through an initial share sale. The Initial Public Offer (IPO) comprises fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise, […]

Gurugram: Town planner warns of action against building norms violation in DLF-3

GURUGRAM: Many structures in U and V blocks of DLF-3 that violate building norms have raised renewed concerns over their structural integrity following the incident in Pataudi. Several plot owners in these two blocks have violated the building norms by covering 100% of the available area, constructing six-seven-storey buildings and combining two or more smaller […]

Over 7,300 families conferred ownership rights under PM-UDAY: Housing minister

NEW DELHI: More than 7,300 families have been conferred ownership rights while over 4.1 lakh people have registered till date for the PM-Unauthorised Colony in Delhi Awas Adhikar Yojna (PM-UDAY), Union minister Hardeep Puri said on Saturday. PM-UDAY was launched on October 29, 2019, to confer ownership rights to residents of 1,731 unauthorised colonies (UCs) […]

Khori villagers in Faridabad move SC for rehabilitation for all

NEW DELHI: Facing demolition of their unauthorised homes built over Aravali forest in Faridabad, the residents of Khori Village have approached Supreme Court seeking its direction for rehabilitation of all of them and challenged the Haryana government policy as per which only those who had been occupying the land prior to 2003 would be rehabilitated. […]

Land along Greater Noida metro route to cost 14% more

GREATER NOIDA: Putting an additional burden on the existing allottees as well as prospective buyers, the Greater Noida Authority has increased the land rates of all properties barring commercial by a little over 4%. And on the lines of the Noida Authority, GNIDA has, for the first time, added a 10% premium on land situated […]

Zurich airport signs shareholder agreement with NIAL for Noida airport development

NEW DELHI: The Zurich Airport International on Saturday signed a shareholder agreement with the Uttar Pradesh government’s entity NIAL in Lucknow for the development of the Noida International Airport, a statement said. Arun Vir Singh, CEO, Noida International Airport Limited (NIAL), and Christoph Schnellmann, CEO, Yamuna International Airport Pvt Ltd (YIAPL), signed the agreement in […]

Cosmic Structures’ directors bail denied over allegations of misrepresenting people

NEW DELHI: A Delhi court has denied bail to city-based real estate company directors who were arrested for allegedly misrepresenting many people about the title of the land and sold the units without even obtaining the necessary approvals from the concerned municipal authorities. Additional Chief Metropolitan Magistrate Abhilash Malhotra denied bail to Sushant Mutreja and […]

Ghaziabad development body sold 1,585 properties in FY21

GHAZIABAD: The Ghaziabad Development Authority (GDA) in the financial year 2020-21 managed to sell 1,585 properties worth Rs 541 crore — which is the highest in four years. The sale of GDA’s properties since 2017 has been adversely impacted due to a slump in the real estate sector and all efforts to revive the situation […]

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