News

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 […]

North Delhi civic body allows payment of property tax with rebate till July 31

NEW DELHI: The North Delhi Municipal Corporation has extended the last date for payment of property tax with 15 per cent rebate and additional benefit, to July 31, its mayor said on Friday. The last date earlier was July 15. North Delhi Mayor Raja Iqbal Singh said the NDMC has extended the last date of […]

Around 40,000 Amrapali homebuyers may face further delay in delivery of houses

Around 40,000 homebuyers in Amrapalli’s properties will likely face further delay in delivery of their houses, as the contractors working on the projects have threatened to stop the work after continuous delays in payments from NBCC. At some of the sites in Noida and Greater Noida, the pace of work has slowed down and some […]

NCLAT sets aside liquidation order of Three C Homes’ Lotus City project

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has set aside a liquidation order passed by NCLT against Lotus City, a project which was being developed by Three C Homes before it went into insolvency in September 2019. The project situated along the Yamuna Expressway was launched in 2012 but never got complete. After […]

Steep climb ahead to achieve target of Housing for all by 2022: ICRA

NEW DELHI: The Pradhan Mantri Awas Yojna (PMAY) was launched in 2015, through which the Government of India had set a target of constructing 50 million new housing units by 2022, of which 30 million units are proposed to be constructed in the rural areas (through PMAY-Rural) and 20 million in the urban areas (through […]

UP-RERA rejects registration of two Supertech projects

NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has rejected the application for registration of two proposed projects of Supertech under section-5 of RERA read with section 4(2)(B) and section-11(4)(B). The decision has been taken in view of the fact that the promoter failed to complete large number of its projects within the timeline […]

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