Noida authority allots 60,000 sq metre land to Microsoft at Rs 103.66 crore, Real Estate News, ET RealEstate

Noida authority has allotted 60,000 square metre institutional plot to Microsoft India (R&D) pvt ltd at the premium of Rs 103.66 crore. As per the agreement, the company will have to deposit 40% of the amount within a month to execute the sale deed while remaining 60% need to paid in eight instalments in four […]

Nearly 2,000 flats handed over to buyers in Noida & Greater Noida, Real Estate News, ET RealEstate

NOIDA: Nearly 2,000 flats have been handed over to buyers in Noida and Greater Noida, officials said. The special camps organised to expedite the registry process of the apartments in the twin have resulted in the execution of 1,980 tripartite sub-lease deeds, officials said, attributing the two-fold increase in yield to a focused approach. Also, […]

As builders await pay plan, registry logjam continues, Real Estate News, ET RealEstate

NOIDA | GREATER NOIDA: The registry logjam in the city is far from over even after the state chief secretary’s directions. Developers in the twin cities say that they have not received any communication from the two authorities yet over the revised payment plan as per the State Bank of India’s marginal cost of funds-based […]

About 440 residential plots up for grabs near Jewar airport, Real Estate News, ET RealEstate

GREATER NOIDA: Those looking to own a house close to the upcoming international airport in Jewar can now do so as the Yamuna Expressway Authority has launched a residential plot scheme. Taking note of the demand for smaller plots, the Authority has floated a total of 440 residential plots measuring about 300 sqm. Earlier this […]

Elegant Ville’s builder puts stickers over lift cavities to make the area safe, Real Estate News, ET RealEstate

Representative Image GREATER NOIDA: Around 150 families residing at Elegant Ville in Noida Extension woke up to a surprise as the builder responded to their appeals for a second lift by sticking a life-size ‘lift’ sticker to cover the gaping cavities residents had pointed out were a safety hazard. Around 600 flats in the project […]

Greater Noida authority to build 10,000 flats under PMAY, Real Estate News, ET RealEstate

Representative Image GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has decided to build 10,000 affordable homes for the economically weaker sections and low income groups under the Pradhan Mantri Awas Yojna (PMAY). These houses would measure between 245 sqft) and 323 sqft and would be built in sectors 1, 2 and 3 of […]

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 […]

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