Over 5,000 pending Amrapali flats up for grabs in Noida, Real Estate News, ET RealEstate

NOIDA: State-run construction company NBCC has put up for sale over 5,000 unsold flats at various Amrapali projects in Noida and Greater Noida to help generate revenue for completing the different pending projects of the real estate group in the twin cities. The sale of 5,229 unsold flats will be conducted by Amrapali Stalled Projects […]

Survey finds 15 societies have defunct sewage plants, Real Estate News, ET RealEstate

GREATER NOIDA: The sewage department of Greater Noida Industrial Development Authority (GNIDA) has over the past three days unearthed and dismantled sewage exits from multiple residential complexes in Noida Extension. GNIDA officials claim that all these apartments have flouted sewage treatment rules and many have been sending untreated crude sewage directly underground or releasing the […]

NCR has about six years of unsold residential inventory, Real Estate News, ET RealEstate

NEW DELHI: Builders in the National Capital Region (NCR) are finding it difficult to sell-off their properties. The “age of unsold inventory”, the number of quarters for which the unsold inventory of a market or micro-market has existed there, is 23.5 quarters in NCR, according to a recent report by Knight Frank India. It is […]

Authorities mulling reduction in business reorganisation charges, Real Estate News, ET RealEstate

GREATER NOIDA: In a major development, a common policy is being evolved to evaluate whether charges for allowing reorganisation of business and company structure can be brought down for allottees of industrial, institutional and commercial plots across the three industrial development authorities in Gautam Budh Nagar. The decision was taken at the Greater Noida Authority’s […]

Residents’ group urges CJI’s intervention in Shahberi, Real Estate News, ET RealEstate

File photo NOIDA: A group of Shahberi residents in Gautam Buddh Nagar district has written to Supreme Court Chief Justice Sharad Arvind Bobde, urging his intervention in resolving their issues and providing them with alternative homes The residents, in the latter, have stated that they were duped of their “hard-earned” money by builders who sold […]

Smart water meters in Greater Noida in a year, Real Estate News, ET RealEstate

GREATER NOIDA: Gearing up for 24/7 water supply, the Greater Noida Authority has decided to install smart water meters in households and other establishments across the city. More than 38,000 units will be covered under the project, of which 90% will be domestic connections, officials said. To meet the needs of 10 lakh residents, the […]

NBCC kicks off construction at Amrapali Dream Valley-II, Real Estate News, ET RealEstate

File photo NOIDA: In a major relief to Amrapali buyers, NBCC on Wednesday kicked off construction work at Dream Valley Phase–II, a stalled real estate project where the government-backed construction company has to complete 8,302 flats. NBCC has awarded the project to Girdhari Lal Constructions and Altis Holding Corporation joint venture. A ‘bhoomi pujan’ was […]

Amrapali homebuyers allowed to sell flats after clearing dues, Real Estate News, ET RealEstate

File photo NEW DELHI: Homebuyers seeking an exit from Amrapali Developers’ projects will now be able to do so as the court receiver has issued guidelines for resale of flats. Some 40,000 apartments across Amrapali’s housing projects remain incomplete due to financial mismanagement. About a quarter of these homebuyers want to sell their yet-to-be-ready apartments […]

Yamuna Expressway development body allocates 1,000 residential plots near Jewar, Real Estate News, ET RealEstate

GREATER NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday allocated close to 1,000 residential plots. The Authority is expected to rake in Rs 336 crore through the latest residential scheme. The plots were in a lot of demand since the Authority received as many as 2,452 applications for 1,075 plots. As expected, the smaller […]

Greater Noida development body launches scheme for commercial plots, Real Estate News, ET RealEstate

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Thursday launched 14 commercial plot schemes and 11 fuel petrol/diesel/CNG/electric vehicle charging) station plots including space for retail outlets and ATMs. A commercial plot scheme has been launched for interested builders, developers and investors which will be allotted by E-auction. This scheme will be floated […]

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