Noida officials are set to upload housing project details online to protect buyers and curb property scams, with wider transparency expected for developers and investors alike.
Noida Authority will launch a scheme in December to allot 900 flats across multiple sectors. It includes categories like MIG, HIG, LIG, EWS, and Shramik Kunj. Rates have been finalized and allotment via a luck draw.
Noida is transforming into a luxury real estate hub with high-end residential and commercial projects by Bhasin Group, Premia, Four Seasons, and Supernova.
The 3C Company invests Rs 3,500 cr in Delhi One, a Noida project featuring a Four Seasons 5-star hotel and branded residences.
Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.
Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.
Noida Authority to allot 900 flats at cheaper rates this Diwali, targeting LIG & EWS sections
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Real estate investment in Uttar Pradesh surged 106% between 2008-09 and 2012-13, attracting Rs. 14,000 crore and ranking sixth nationally, according to ASSOCHAM.
Construction workers in Noida protested violently over unpaid wages, setting vehicles on fire and damaging property. Two workers were injured by security guards, who were later arrested.
Noida Authority plans to build two bridges across Yamuna to improve connectivity with Faridabad, reducing travel time and congestion.
Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.
Vasundhara Enclave in Delhi-NCR has the potential to attract end-users but is facing weak demand for housing units. Property prices are stable with low demand.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
Amity University and RICS School of Built Environment launched new real estate and construction courses. These programs aim to address the shortage of skilled professionals in the sector.
NH 24 widening approved, set to boost Noida and Ghaziabad real estate
Rajasthan Royals renews contract with Supertech for IPL 2013, marking the third consecutive year of partnership. Both entities express mutual benefits from the association.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
Noida and Greater Noida authorities caution defaulting developers to clear dues or face consequences, impacting flat registrations and home buyers due to financial crunch.
Industry experts predict a surge in mid-segment housing demand, driven by affordability, particularly for 2 BHK apartments across various regions in India.
The NCDRC has provided a crucial stay on the cancellation of over 100 flats in Noida Extension, relieving distressed homebuyers who faced issues from a developer.
Yamuna Expressway Authority has submitted a revised draft of Master Plan 2031 for the development of the first phase, with significant residential and infrastructure plans.
The construction of a 22 Km link road connecting Ghaziabad and Greater Noida is expected to enhance real estate growth and property values in the Ghaziabad area.
Top English cricketers are eyeing Indian real estate, particularly in cities like Bangalore, Mumbai, and Goa, due to soaring property prices. They are considering land parcels, apartments, and even holiday homes.
Noida Authority reveals 50 developers haven't paid dues, causing a Rs. 3,000 crore loss. The authority plans to amend the 2008 scheme that allowed 10% upfront payment for land, intending to recover the substantial losses.