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Dear ck.kislay,
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These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: MANOJa
On: July 17 2017 12:07 PM
[h=1]Buyers stage protest at Amrapali�s Noida office[/h] TNN | Jul 16, 2017, 03:08 AM IST NOIDA: Over 500 [URL="http://timesofindia.indiatimes.com/topic/homebuyers"]homebuyers[/URL] of various Amrapali [URL="http://timesofindia.indiatimes.com/topic/projects"]projects[/URL] staged a [URL="http://timesofindia.indiatimes.com/topic/demonstration"]demonstration[/URL] at the builder's office in [URL="http://timesofindia.indiatimes.com/topic/Sector-62"]Sector 62[/URL] on Saturday. They said they were distraught over the long waiting period and the lack of results at the ground level, despite Amrapali's commitments. Amrapali group is one of the biggest debtors to [URL="http://timesofindia.indiatimes.com/topic/Noida-Authority"]Noida Authority[/URL] and the GNIDA, and had recently proposed that it could bail out of the situation with the help of co-developers. While the builder claims to have got eight co-developers, Noida Authority officials have so far not confirmed whether the proposal to help Amrapali diversify its risks has been accepted. On Saturday, buyers from eight projects protested over the delay in providing possession of their homes, ranging from three to five years. "Our patience has run out. Amrapali has so many projects, but no impact is being noticed on the ground. What are we supposed to do in such a situation?" asked Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association (Nefowa). [h=2]Meanwhile, Shiv Priya, executive director, Amrapali group, said, "It is a matter of time before the proposal for accepting co-developers is approved. This is the only way out. The buyers should understand that we have submitted a schedule of completion and won't be able to build 40,000 flats overnight."[/h] "We are persistently working towards completion. We have even opened escrow accounts with buyers in two of our projects. Out of 40,000 buyers, just a few hundred protesting doesn't represent the grouse of all our customers," Priya added. [url]http://timesofindia.indiatimes.com/city/noida/buyers-stage-protest-at-amrapalis-noida-office/articleshow/59613855.cms[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: Raojee
On: July 17 2017 12:52 PM
ET Realty [SIZE=14px][B]No circle rate hike in Noida this year[/B][/SIZE] [B][I]The decision reflects the ground situation as real estate is in recession, believed to be fallout of demonetisation.[/I][/B] TNN | July 17, 2017, 11:00 IST [U]NOIDA[/U]: The district administration has decided against increasing the circle rates of property under the three authorities. The decision reflects the ground situation as real estate is in recession, believed to be fallout of demonetisation. The circle rate is the minimum value at which the sale or transfer of property takes place. The properties in Noida are classified into five categories � residential, commercial, industrial, institutional and IT. The rates also differ depending on the sector. The district administration reviews circle rates and revises them in accordance with the rates submitted by the development authorities. District magistrate B N Singh said the administration has decided against hiking the circle rates in all areas under Noida Authority, GNIDA and YEIDA. �We will take a final decision after analysing feedback from residents, builders and other stakeholders,� he said. The district administration has invited feedback from people regarding the move by July 25. Officials will analyse the feedback and may incorporate minor changes before its implementation on August 1. District officials said people can submit their feedback at the offices of registrars, sub-divisional magistrates and tehsildars. S K Singh, assistant commissioner (stamp and registration), Noida, said the real estate sector has been in a period of recession for some time now. �The administration has not increased circle rates for the benefit of the people,� he said. However, circle rates might be hiked in Jewar, as the government has approved the construction of an airport in the area. Residents and developers welcomed the move, saying that circle rates of properties in certain sectors are already higher than the market rate, and any increase would have a negative impact. URL: [URL]http://realty.economictimes.indiatimes.com/news/industry/no-circle-rate-hike-in-noida-this-year/59627368[/URL]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: ashishew
On: July 17 2017 01:32 PM
[url]http://www.thehindu.com/news/cities/Delhi/cag-audit-for-noida-authority/article19266698.ece[/url] [h=1]CAG audit for Noida authority[/h] The Uttar Pradesh government has ordered CAG auditing for Noida, Greater Noida and Yamuna Expressway industrial development authorities. After a change in regime, UP government had ordered CAG auditing for Ghaziabad development authority. Noida Authority, earlier had opposed CAG auditing by saying it is an autonomous body and does not get fund from state and Centre. Notably CAG is already auditing Ghaziabad development authority as PM Narendra Modi during assembly polls campaign had raised the issue of large scale corruption in Ghaziabad development authority.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: Raojee
On: July 17 2017 04:16 PM
Excerpt from an interview with Exec Director of Frank Knight: [B]There is a lot of speculation that the new airport at Jewar will boost the real estate market in Noida and Greater Noida. Is this optimism justified? What kind of impact could it have on sales and prices of property?[/B] Social and physical infrastructures definitely add to the attractiveness of a location thus improving its real estate potential. However, since globally most of the airports are planned far away from the city to avoid congestion, the spatial growth in the direction of the airport takes its own time. Case in point being is the Devanhalli and Shamsabad airports in Bengaluru and Hyderabad respectively where neither of the locations have emerged as favoured real estate destinations. Another example is the Panvel airport in Navi Mumbai which has been the talk of the town for over a decade. . Read more at: [URL]http://economictimes.indiatimes.com/articleshow/59605665.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst[/URL]
With warm regards,
Team IREF
With warm regards,
Team IREF
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