Tag: Delhi-NCR

Builders are urged by Delhi RERA to register their projects or face sanctions.

September 4, 2023

NEW DELHI: The Delhi Real Estate Regulatory Authority (D-RERA) has advised all developers against breaking the law and requested that they register any residential or commercial projects with the organization right away. According to a directive released on September 4, failure to follow the directives might result in fines of up to 10% of the […]

Builders are urged by Delhi RERA to register their projects or face sanctions.more

Continuous house sales enhance developers’ liquidity and credit standing.

July 25, 2023

Since the Covid-19 pandemic’s onset, the liquidity and credit profiles of important listed real estate developers have significantly improved as a result of the sustained sales momentum in the home property market over the past three fiscal years. Both the collections and realisations of these enterprises have increased as a result of the booming residential […]

Continuous house sales enhance developers’ liquidity and credit standing.more

No buyers, Chintels Paradiso cancels plans to rebuild apartments; most choose repurchase

July 21, 2023

GURUGRAM: The developer of Chintels Paradiso, whose four buildings have been deemed unfit for habitation since a tower collapsed in February 2022, announced on Tuesday that it is rescinding its offer to rebuild or renovate the affected homeowners’ apartments because nobody has opted to do so to date. According to Chintels India, the original offer, […]

No buyers, Chintels Paradiso cancels plans to rebuild apartments; most choose repurchasemore

For unlawfully collecting groundwater, the UPPCB penalised 38 builders in Noida with a total of Rs. 76.5 billion.

May 29, 2023

NOIDA: 38 builders were fined Rs 76.5 crore by the Uttar Pradesh Pollution Control Board (UPPCB) for unlawfully drawing groundwater from borewells. Within 15 days, the builders must deposit the money. According to officials, the board fined the Gaur City 2 project a maximum amount of Rs 6.6 crore and the Gaur City 1 project […]

For unlawfully collecting groundwater, the UPPCB penalised 38 builders in Noida with a total of Rs. 76.5 billion.more

SC rejects request to initiate insolvency proceedings for the whole Supertech group.

May 12, 2023

NEW DELHI: The Supreme Court ordered on Thursday in its interim order that only one of Real estate giant Supertech’s projects—Eco Village 2 in Greater Noida West—would be dealt with under the Insolvency and Bankruptcy Code (IBC), noting that doing so would “cause immense hardship” and “uncertainty” to homebuyers. A bench of Justices Dinesh Maheshwari […]

SC rejects request to initiate insolvency proceedings for the whole Supertech group.more

The Noida government can permit co-developers to finish unfinished projects.

May 11, 2023

NOIDA: The authorities in Noida and Greater Noida are proposing a co-developer strategy as a single solution to two significant issues: completing completed housing projects that have stopped owing to a lack of funds and collecting its dues. As a result of the regulation, businesses rather than realtors will be able to co-develop projects and […]

The Noida government can permit co-developers to finish unfinished projects.more

Offices and unsold apartments in three buildings in Noida are sealed due to debts of nearly Rs 1,000 crore.

May 5, 2023

NOIDA: The marketing offices and remaining inventory of three projects with outstanding debts totaling Rs 1,000 crore were sealed on Thursday by the Noida Authority. The action was taken against two Gardenia Group projects in sectors 46 and 75 for failing to pay debts totaling Rs. 707 crores, as well as a Logix project in […]

Offices and unsold apartments in three buildings in Noida are sealed due to debts of nearly Rs 1,000 crore.more

Board of Noida authorities approves a 10% increase in land prices.

April 24, 2023

NOIDA: The allotment rates for residential, group housing, and institutional plots were raised by 6% to 10% by the Noida Authority on Sunday. However, there was no adjustment in the rent for either the Authority-built apartments or the commercial properties it was leasing. On Sunday, the Authority’s board of directors authorised the decision to raise […]

Board of Noida authorities approves a 10% increase in land prices.more

The Delhi High Court has asked the Centre to respond to a request to link property to Aadhaar.

April 17, 2023

NEW DELHI: The Delhi High Court on Monday directed the Centre to file a response to a petition seeking the connection of residents’ immovable and movable property records with their Aadhaar numbers in order to combat corruption, black money production, and ‘benami’ transactions. A bench of Chief Justice Satish Chandra Sharma and Justice Yashwant Varma […]

The Delhi High Court has asked the Centre to respond to a request to link property to Aadhaar.more

ED seizes more than Rs 40 crore worth of Supertech Group assets due to allegations of money laundering.

April 14, 2023

NEW DELHI: According to the Enforcement Directorate (ED), assets belonging to the real estate firm Supertech and its directors worth more than Rs 40 crore have been seized in accordance with the anti-money laundering statute. According to the rules of the Prevention of Money Laundering Act (PMLA), a provisional order was issued on Tuesday to […]

ED seizes more than Rs 40 crore worth of Supertech Group assets due to allegations of money laundering.more

Tag: Delhi-NCR

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