Latest Updates Around The World
NEW DELHI: The Supreme Court of India (SC) has directed developers involved in the Noida Sports City case to submit revised proposals to the Noida authority within two weeks, with the authority to take appropriate action within four weeks thereafter. The order came while hearing multiple special leave petitions (SLPs) relating to redevelopment, dues, occupancy […]
“/>Representative AI image NOIDA: Taking a crackdown on long pending industrial allotments, the Yamuna Expressway Industrial Development Authority (YEIDA) has issued notices to 366 plot holders to sign their lease deeds within 10 days of the notice or else their allotments will be cancelled.Officials said a checklist, a set of documents verified by YEIDA before […]
NEW DELHI: In a major relief to real estate firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has quashed the insolvency proceedings against the Tribunal and directed the NCLT to rehear the petition in view of the fresh status report filed with the Tribunal on the projects.A two-judge bench of the appellate court said […]
“/>Representative image NOIDA: The process of acquiring land for New Noida – the emerging industrial township – is about to begin.According to officials, the Noida authority is finalizing the compensation plan for farmers in the municipality, officially known as Dadri-Noida-Ghaziabad Investment Region (DNGIR). The Authority will appoint officials who will monitor the acquisition in 80 […]
NOIDA: Greater Noida Industrial Development Authority (GNIDA) has decided to grant partial occupancy and completion certificates to developers who have made advance payments under the UP government’s rehabilitation policy for stalled projects. The decision, issued on Tuesday, will provide immediate relief to thousands of buyers who have been waiting for years for their flats, as […]
NOIDA: Home loans disbursed by a bank to buyers cannot be considered as a financial debt of the developer of a project, the National Company Law Appellate Tribunal (NCLAT) has ruled, rejecting UCO Bank’s plea to be recognized as a financial creditor in the insolvency case of Bulland Buildtech Pvt Ltd, the developer of the […]
NOIDA: The UP government has dismissed a review petition challenging the Noida Authority’s decision to grant additional floor area ratio (FAR) to a property developer in Sector 107. The petition was filed by Great Value Sharanam Apartment Owners Association (AOA) against Great Value Projects India Ltd. In an order dated October 27, Additional Chief Secretary […]
NOIDA: Twenty-two real estate projects in the city owe the Noida Authority nearly Rs 5,560 crore in dues, leaving around 9,750 owners without clarity on when their flats can be registered. The Noida authority has issued notices, frozen records and initiated recovery steps including issuance of recovery certificates in coordination with the district administration. Under […]
NOIDA: In a major relief to homebuyers, the National Company Law Appellate Tribunal (NCLAT) ruled that genuine allottees whose payments are reflected in a builder’s books cannot be denied dues just because their claims were filed late in an ongoing insolvency process. The appellate court, headed by its chairman Justice Ashok Bhushan, issued the order […]
NOIDA: The Allahabad High Court has quashed a state government order withdrawing a rental waiver granted to a real estate agent under the ‘zero period’ policy. In an order dated October 8, Justice Subhash Vidyarthi of the Lucknow bench set aside the January 9, 2024 directive of the Commissioner of Infrastructure and Industrial Development (IIDC). […]
