Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.
Supertech's bankruptcy raises concerns for 11,000 home buyers about delayed possession and financial claims as the company appeals the National Company Law Tribunal's decision.
GNIDA prohibits plot subdivision and mandates development fee payment. Smart village project gets approval. Industries can purchase FAR on remaining plots.
Supertech to deliver 8,460 apartments by December 2021, and 16,041 units by June 2023 in NCR region.
Apartment deliveries in Delhi-NCR face potential two-year delays due to pandemic-related disruptions, impacting over 3 lakh units, primarily in Greater Noida.
YEIDA Announces Two Policies to Revive Stalled Projects in Greater Noida
Real estate developers in Uttar Pradesh urge the government for effective policies to resolve insolvency issues that have stalled numerous projects, impacting thousands of buyers.
Noida may see a rise in circle rates for the first time since 2017. Noida, Greater Noida and Yamuna Expressway authorities have increased property rates.
Greater Noida Authority has decreased real estate transfer fees on resale properties. For residential properties, transfer fees have been reduced to 2.5%.
The GNIDA has launched a new scheme for the allocation of industrial plots, aiming to attract investment and multinational companies to Greater Noida.
Naredco has urged developers to establish isolation facilities for Covid-impacted construction workers in Noida, Greater Noida, and Yamuna Expressway area.
UP-RERA is working alongside the state government to address the deadlock in flat registrations, impacting over 50,000 home buyers in Noida and Greater Noida.
UP-RERA suspends physical hearings from May 1st due to rising COVID-19 cases, shifting to virtual hearings via e-courts.
Parsvnath Developers sentenced to prison for delayed refunds to homebuyers, highlighting the issue of pending apartments in Greater Noida. Over 1 lakh apartments remain undelivered, with builders owing GNIDA ₹6,000 crore.
Police attached 56 illegally constructed flats in Shahberi, Greater Noida, valued at ₹22.40 Cr. The builder constructed on agricultural land without approvals.
YEIDA has initiated the registry of residential plots in sectors 20 and 18 after a 12-year delay, with 5,500 registrations completed and an additional 2,500 planned by March 31.
SBI Capital will release ₹625 crore to fund six stalled Amrapali projects, ensuring apartment delivery to homebuyers. HUDCO expressed willingness to fund projects under specific terms.
Yamuna Expressway Industrial Development Authority (YEIDA) to offer 600 residential plots near Jewar Airport, Greater Noida, after RERA approval. Plots range from 60 sq-m to 4,000 sq-m, priced between ₹11 lakh and ₹6.6 crore.
Delhi-NCR sees a surge in affordable housing demand, with Gurugram leading the way. Anarock's survey reveals a 10% increase in demand during the pandemic.
YEIDA to develop business hub near Jewar Airport, boosting Greater Noida's real estate
Delhi NCR's realty market faced ambiguity due to debt procedures. Faridabad led new project additions, followed by Gurgaon and Greater Noida. Delayed housing units further impacted sales.
Investors in Noida Extension since 2009-2010 are finally seeing progress as land acquisition issues resolve, with new projects and increased demand anticipated.
RERA will be fully implemented nationwide from May 1. Noida Authority will upload detailed project information online. Homebuyers seek transparency and tracking of construction progress.
Two expressways in Delhi NCR boost real estate development in Noida, Greater Noida, and Dwarka. Residential projects face water, sewage, and funding challenges, impacting delivery and pricing.
Noida's real estate market is booming due to affordability, infrastructure, reputable developers, anti-forgery rules, and connectivity.