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Noida authority allows registration of 300 units at Wave Mega City Centre

NOIDA: The Noida Authority has allowed Wave Group to register around 300 properties in its Megacity Centre project after the company cleared Rs 16 crore in lease dues earlier this month. The properties include both commercial and residential units, a Wave Group official said. “Wave Group is committed to fulfilling its commitment to homebuyers. The […]

Sebi extends time till Nov 9 to auction properties of Saradha Group of companies

NEW DELHI: Sebi on Friday extended the time till November 9 to auction the properties of Saradha Group of Companies to recover money that was illegally raised by them. Earlier, the auction was scheduled for November 1. However, considering the interests of the bidders seeking more time to submit the EMD (Earnest Money Deposit) due […]

Farmers protest against UP government, demand better compensation for land in Noida airport project

Farmers whose land is earmarked for the Noida International Airport (NIA) project in Jewar staged a protest against the Uttar Pradesh government on Friday, demanding better compensation and rehabilitation package for their families. Two groups of farmers resorted to protests against the government. The first group’s land has already been acquired and the work of […]

GMDA calls for strict action against encroachments and illegal constructions

Sudhir Rajpal, chief executive officer, Gurugram Metropolitan Development Authority (GMDA), and Faridabad Metropolitan Development Authority (FMDA), on Friday, directed estate officers and officials to strictly act against encroachments and unauthorised constructions in controlled areas declared by the Department of Town and Country Planning (DTCP) in both districts. Rajpal issued the directives during a meeting of […]

Despite district court order, builder ‘denies’ power supply to 550 Pivotal Devaan families

GURUGRAM: Notwithstanding an order from the district court of Gurgaon, directions from a committee formed by the Gurgaon administration and DHBVN, the developer of Pivotal Devaan continues to “deny” electricity supply to more than 550 residents of the residential society in Sector 84. Residents claimed that they have been without electricity since Tuesday as the […]

NARCL to make its first acquisition in Jaypee Infratech

India’s state-sponsored bad bank is set to make its first distressed-debt acquisition since its formation a year ago. The National Asset Reconstruction Co (NARCL) emerged as the winning bidder for the debt of Jaypee Infratech at Thursday’s Swiss challenge auction after lenders failed to draw counterbids, two people aware of the development told ET. Lenders […]

MCD files police complaint against people announcing formation of new landfills

The Municipal Corporation of Delhi on Thursday said that there were no plans to set up new landfills in the city, even as the Aam Aadmi Party reiterated the charge that 16 dumping yards will come up across the city. The latest war of words came on the back of Delhi chief minister Arvind Kejriwal […]

UP CM to inaugurate data centre project in Greater Noida on October 31

Uttar Pradesh Chief Minister Yogi Adityanath will visit Greater Noida on October 31 to inaugurate a Yotta hyperscale data centre in the city’s Knowledge Park-V, Greater Noida authority officials said on Wednesday. The visit has prompted the authority to start preparations for the event which will also be attended by Ashwini Vaishnaw, union minister for […]

Developers eye new hotspots on Noida Expressway

Gurgaon’s Golf Course Road (GCR) Extension and Sectors 128-135 on the Noida Expressway are emerging as the preferred NCR micro markets for developers for both residential and commercial projects, with even non-locals looking to acquire land in these two areas. While M3M has multiple projects on Gurgaon’s Golf Course Road Extension, DLF is also likely […]

Noida Authority probes plot auctions quoting up to 110 times base price

NOIDA: The Noida Authority has initiated an inquiry into 14 applications that have quoted up to 110 times the base price in an e-auction for a scheme on residential plots last week. Officials said on Tuesday that the applicants had either filled in the quotations by mistake, or they were trying to influence the auction. […]

1 crore additional penalty imposed on contractor for delaying Noida-Greater Noida Expressway work

NOIDA: The Noida authority on Sunday said that it has imposed a 1 crore penalty on the company commissioned to re-surface the 25km Noida-Greater Noida Expressway for not completing the work within the stipulated deadline, causing inconvenience to thousands of commuters. In addition to the penalty, Ritu Maheshwari, chief executive officer, Noida authority, also asked […]

UP CM to inaugurate data centre project in Greater Noida on October 31

Uttar Pradesh Chief Minister Yogi Adityanath will visit Greater Noida on October 31 to inaugurate a Yotta hyperscale data centre in the city’s Knowledge Park-V, Greater Noida authority officials said on Wednesday. The visit has prompted the authority to start preparations for the event which will also be attended by Ashwini Vaishnaw, union minister for […]

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