2023-08-20
According to officials due to unpaid debts, the Gautam Buddha Nagar district administration plans to auction off 38 sealed Wave Group stores in Noida's Sector 18's Wave Silver Tower. The auction is expected to take place on August 28. The size of the establishments up for auction ranged from 165 square feet to 1,240 square feet, according to district administration officials. Depending on the size and other conditions, the reserve price is estimated to be between Rs 47 lakh and Rs 2.5 crore.
2023-08-19
The Supreme Court has upheld a Bombay High Court judgment from 2017 that the premium charged for open space insufficiency could be reduced to 10% rather than 100%. The BMC has been told by the Supreme Court to take a 10% premium deduction and return the remaining amount to Wadhwa Estate and Developer (I) Private Limited with interest within six weeks.
2023-08-19
The Bruhat Bengaluru Mahanagara Palike (BBMP) Act of 2020 and the Karnataka Municipal Corporations (KMC) Act of 1976 are the two laws that are being proposed for amendment. According to BBMP officials, several builders and developers have petitioned the high court for decisions that would lower the costs the agency charges. Their main grievance was that the BBMP was collecting fees from the developers in violation of both the KMC Act and the BBMP Act.
2023-08-19
Jio Financial Services, previously known as Reliance Strategic Investments, has leased 13,872 feet of space in Mumbai for an amount of 55.5 lakhs per month. The office is situated on the first floor of Maker Maxity in Bandra Kurla Complex, a bustling commercial district in the financial capital that is also home to the National Stock Exchange, Securities and Exchange Board of India, and other prestigious banks.
2023-08-19
The developer and landowners of a project in Bengaluru have been ordered by the Karnataka Real Estate Regulatory Authority to form an association of allottees under the Karnataka Cooperative Societies Act 1959 or Companies Act and to pay the associated fees. “The developer is called upon to establish the association within 30 days and the entire formation shall be borne by the respondent jointly or severally,” the order mentioned.
2023-08-19
The Link Road and the Western Express Highway (WEH) in Mumbai's western suburbs were once thought to be far from the city's commuting lifeline, its suburban railway network, and thus not the first choice of many homeowners. However, a 20-kilometer metro line connecting the Dahisar and Andheri micro markets via these arterial roads has aided the rise of housing demand in these locations, said real estate experts from Mumbai.
2023-08-18
Wave City, the first hi-tech city in North India, spans an area of 4200 acres and effortlessly combines modern conveniences with advanced technology. This innovative development, which promotes intelligent and sustainable living, is situated next to a 14-lane section of National Highway NH-24 and is the largest Pre-Certified Platinum Rated Green Township in the area. Wave City has successfully distributed over 11,000 possession letters to its esteemed residential and commercial unit holders and currently, more than 4000+ families have found their abode within its premises.
2023-08-18
The proposed master plan-2041 for the Dadri Noida Ghaziabad Investment Region (DNGIR) was approved by the Noida Authority at its 210th board meeting. It would be called "New Noida" and will cover 21,000 hectares of land in the Gautam Budh Nagar and Bulandshahr areas. New Noida is intended to develop into an industrial center, in contrast to the 16,000-hectare existing residential-focused Noida city.
2023-08-18
In response to an increase in complaints about real estate development near protected monuments, the government has directed banks to do thorough due diligence before lending to projects near heritage sites. Lenders have been instructed to place developers who breach property near landmarks on a blacklist, flag them as fraudulent, and help the relevant government take strong action against them.
2023-08-18
The Noida Authority board of directors has approved the establishment of a dedicated enforcement cell inside the planning wing to monitor unauthorized buildings by homeowners and developers who violate permitted plans. To examine construction projects and guarantee strict adherence to authorized maps, 20 junior engineers will be hired through outsourcing, according to the officials. In case of any deviation from the approved map, there will be action against the builders or residents concerned as per the provisions of the bylaws.
