Max Estates lease out 62,500 sq ft office space to Yes Bank, Real Estate News, ET RealEstate

File photo NEW DELHI: Max Estates, a subsidiary of Max Ventures & Industries (MaxVIL), has leased out approximately 62,500 sq ft office space at Max Towers in Noida to Yes Bank, the company said in a media release. Yes Bank plans to relocate its offices from the Central Business District to the new location as […]

NMRC asks Noida authority to sell commercial land to generate over Rs 700 crore, Real Estate News, ET RealEstate

File photo NOIDA: In dire need of funds, Noida Metro Rail Corporation has decided to monetise one of its prime assets in order to raise capital required for future expansion. The joint venture company formed to operate the Aqua Line (Noida–Greater Noida metro) has asked the Noida Authority to auction a commercial plot in Sector […]

Max Estates to invest Rs 400 crore in new commercial project in Noida, Real Estate News, ET RealEstate

NEW DELHI: Max group’s realty arm Max Estates on Monday said it has started construction of its new commercial project, comprising mainly office space, in Noida with an investment of Rs 400 crore. The company has roped in New York Life Insurance Company as financial partner to develop this project Max Square, which will have […]

Extend construction deadline by two years, RWAs write to Uttar Pradesh CM, Real Estate News, ET RealEstate

NOIDA: The Federation of Noida Residents’ Welfare Associations (FONRWA) has written to chief minister Yogi Adityanath requesting him to grant an extension of two years on the construction deadline of private plotted houses. The deadline set by the state government was July 31, 2021, and now the federation has asked for it to be extended […]

Varde Partners to acquire two commercial assets in NCR at over Rs 1,000 crore, Real Estate News, ET RealEstate

NEW DELHI: US-based Varde Partners is in talks with New Vernon Capital to acquire two commercial buildings in Gurugram and Noida, three persons with direct knowledge of the deal said. The deal is expected to be worth more than Rs 1,000 crore, with the complex in Gurugram’s Udyog Vihar costing Rs 600-700 crore. The buildings […]

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 […]

Noida Authority GM inspects five sectors after RWAs highlight infra issues, Real Estate News, ET RealEstate

NOIDA: Noida Authority GM Rajeev Tyagi visited sectors 50, 47, 28, 29 and 37 where RWAs demanded unsold shops be put on rent to facilitate local market, a bus shelter, a clubhouse, cleaning of vacant plots, repair of boundary wall and connecting small drain to the big drain in sector 47, FOB at sector 28 […]

Snag in online property registration, flat buyers hassled in Noida, Real Estate News, ET RealEstate

NOIDA: After waiting for three-and-a-half years, Pooja Jaiswal, a resident of Delhi, was looking forward to moving into her new flat in a Sector 50 apartment. She arranged for the funds and paid the flat owner. She attempted to get her flat registered on October 19 since she wanted to do the transaction during Navratri. […]

Office rentals in NCR slip by over 5% as companies relocate to cheaper locations, Real Estate News, ET RealEstate

NEW DELHI: Office rentals in clusters of high-profile companies in Delhi-NCR have reduced by more than 5%, highest among top cities, following a move by companies to relocate to a cheaper location within the region, according to leading real estate consultants and brokers. The rentals dipped even as landlords across markets exhibited flexibility in providing […]

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