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Monthly Archives: December 2018

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Indiabulls Real Estate sells 50% stake in two Gurugram...

In November, the company had announced signing of a non-binding term sheet to divest 50 per cent stake in these two assets having nearly 8 lakh sq ft leasable area. Indiabulls Real Estate Thursday said it has sold 50% stake in two office assets in Gurugram to global private equity firm Blackstone at an enterprise value of Rs 464 crore. In November, the company had announced …

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Relief in sight for 50,000 buyers ‘illegallyR...

The Gautam Buddh Nagar administration said an “agreement for sub lease” between buyers and builders/developers could be signed if there is a delay in getting other documents. NOIDA: Around 50,000 flat buyers in Noida and Greater Noida, who are living “illegally” in their houses as they are yet to receive the occupancy certificates from builders, can now get a “sub lease agreement” to ward off …

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Real estate sector has a choppy ride in 2018

The year also marked a significant rise in consolidation across geographies and demand for affordable housing that saved the day for realty developers. MUMBAI | BENGALURU: Residential real estate has gone through a choppy ride this year, initially hinting at a recovery only to be sucked into a liquidity crisis later. The year also marked a significant rise in consolidation across geographies and demand for affordable housing that …

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Greater Noida: Sampada buyers protest, go to cops agai...

The buyers demanded that the passports of the directors be confiscated and a forensic audit of the company’s finances should be done. GREATER NOIDA: Over 60 homebuyers of Sampada Livia, a project floated by PSA Impex Pvt Ltd at Sector Chi 5, filed a complaint against the builder and CEO Diwakar Sharma, accusing the developer of cheating the buyers. The buyers demanded that the passports of the directors …

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Pay Rs 108 crore or lose land: YEIDA to Jaypee

The 1,000-hectare Special Development Zone (SDZ) was allotted to Jaypee Infratech for constructing the Formula One circuit and residential units in Jaypee Sports City.   GREATER NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) said on Friday it has issued a final notice to the beleaguered Jaypee group to pay up the first instalment of Rs 108 crore of an outstanding of Rs 1,000 crore …

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Noida: Online bidding of 442 residential plots to begi...

According to officials, 505 people have applied for the 442 plots. The e-bidding will be held from December 13 to 21, where each plot will be auctioned separately. NOIDA: Noida Authority’s online bidding of 442 residential plots — set to take place for the first time — will kick off on Thursday. According to officials, 505 people have applied for the 442 plots. The e-bidding will be …

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UP-RERA team reviews 7,000 delayed flats in Greater No...

The officials said the exercise would continue to monitor the progress of projects and ensure that those running behind schedule are expedited. NOIDA: Officials from the Greater Noida bench of Uttar Pradesh Real Estate RegulatoryAuthority (UP-Rera) reviewed the progress of 7,240 flats by eight builders against whom buyers have lodged complaints of delay. The officials said the exercise would continue to monitor the progress of projects and …

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Greater Noida: Sampada buyers protest, go to cops agai...

The buyers demanded that the passports of the directors be confiscated and a forensic audit of the company’s finances should be done. GREATER NOIDA: Over 60 homebuyers of Sampada Livia, a project floated by PSA Impex Pvt Ltd at Sector Chi 5, filed a complaint against the builder and CEO Diwakar Sharma, accusing the developer of cheating the buyers. The buyers demanded that the passports of the directors …

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