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 […]
The Noida authority has decided to send a team of urban town planners to study the development models of Gujarat and other states to develop a roadmap for the New Noida township, officials familiar with the matter said on Wednesday. The Noida authority has decided to expand the city because the demand for industrial, commercial, […]
The district wildlife department on Tuesday wrote to the Municipal Corporation of Gurugram (MCG) after the leachate from the Bandhwari landfill reached the water bodies of Aravalli forests, polluting the waters and posing a serious threat to animal life. The department sent a team on Monday to visit the spot to check the leachate in […]
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: Residents of at least four colonies in Sector 11 staged a protest against the Municipal Corporation of Gurugram (MCG) over sewage overflow and blocked the Khandsa Road on Monday. Residents alleged that despite complaining to MCG officials several times, nothing has been done to contain the sewer water. Residents blocked the road for two […]
The authorities of Noida and Greater Noida plan to launch a scheme in which co-developers will inject funds and restart stalled housing projects in the twin cities to address the grievances of thousands of homebuyers, officials familiar with the development said on Wednesday. The move comes after the Confederation of Real Estate Developers Association of […]
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 handover of Indirapuram township to the Ghaziabad municipal corporation has again been delayed over the contentious issue of funds. In March, the Ghaziabad development authority (GDA) had demanded the corporation to expedite the takeover of the locality before the local body elections. The Indirapuram locality was developed by the authority about 30 years ago […]
The Gautam Budh Nagar district administration’s Dadri tehsil officials on Monday detained realty major Supertech Limited’s chairman RK Arora for several hours and sent him to Luksar jail, from where he allowed to go only after he assured them of making payments towards recovery notices sent on the directions of the Uttar Pradesh Real Estate […]
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 […]
