 |
| |||
Dear ck.kislay,
You are subscribed to the thread "Noida City Real Estate Updates" by Cookie, there have been 5 post(s) to this thread, the last poster was graana.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
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: February 23 2018 07:34 AM
[h=1]Fulfil your promise to hand over flats or go to jail: SC tells Amrapali group's promoters[/h] TNN | Feb 23, 2018, 02:46 IST [IMG]https://timesofindia.indiatimes.com/thumb/msid-63036096,width-400,resizemode-4/63036096.jpg[/IMG] NEW DELHI: Assuring homes to thousands of flat-buyers who have invested in [URL="https://timesofindia.indiatimes.com/topic/Amrapali-groups-housing-projects"]Amrapali group's housing projects[/URL], the Supreme Court on Thursday directed the company's promoters to give an undertaking to complete construction in a time-bound manner and made it clear that they would be sent to [URL="https://timesofindia.indiatimes.com/topic/jail"]jail[/URL] if the [URL="https://timesofindia.indiatimes.com/topic/promise"]promise[/URL] was not fulfilled. A bench of Justices Arun Mishra and Amitava Roy decided to monitor construction under Amrapali's projects as more than 41,000 flat buyers were facing uncertainty due to the builder's failure to [URL="https://timesofindia.indiatimes.com/topic/hand"]hand[/URL] over possession despite the buyers paying substantial amount towards the cost of [URL="https://timesofindia.indiatimes.com/topic/flats"]flats[/URL] and initiation of insolvency proceedings against the company. As the 43 projects being developed by the group are at different stages of construction, the bench decided to deal with each project separately and first took up Amrapali Leisure Park project in Greater Noida (West). The project contains 19 towers and around 1665 flats. Senior advocate Ranjit Kumar, appearing for the company along with lawyer Gaurav Bhatia, told the bench that the project was nearing completion and just finishing work was required. He told the bench that flats could be handed over to the buyers within 15 months and an investment of Rs 87.28 crore was required. The bench said the promoters should deposit the money before the court and it could be released to the company to meet the expenses. Kumar, however, said the company was not in a position to deposit the money in court and that the firm could sell its commercial floor space index (FSI) to raise the money. He assured the bench that the flats would be constructed within the proposed time-line. Counsel for home-buyers — Ajit Sinha and M L Lahoty — contended that they had no faith in the company as it had never fulfilled any promise. The bench, however, assured them that the promoters would have to give an undertaking and they would face the consequences if they failed to comply with it. "They (promoters) will have to give undertaking and if it is not complied then we will send them to jail," the bench said directing the promoters to file the undertaking by March 7. It also directed the promoters to file proposals given by 13 real estate firms that had shown interest to collaborate with Amrapali for completing construction and if they were ready to give undertaking to the court to hand over the flats in a time-bound manner. The court will take up Amrapali's Silicon valley projects on March 15. [url]https://timesofindia.indiatimes.com/city/delhi/fulfil-your-promise-to-hand-over-flats-or-go-to-jail-says-sc/articleshow/63035426.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: MANOJa
On: February 23 2018 08:11 AM
[h=1]Noida eyes Rs 30,000 crore biz via MoUs with firms[/h] [URL="https://timesofindia.indiatimes.com/toireporter/author-Vandana-Keelor-39625802.cms"]Vandana Keelor[/URL]| TNN | Updated: Feb 22, 2018, 02:38 IST NOIDA: The three development authorities of Gautam Budh Nagar—Noida, Greater Noida and Yamuna Expressway— expect to rein in investments worth more than Rs 30,000 crore from the [URL="https://timesofindia.indiatimes.com/topic/Uttar-Pradesh-Investors-Summit-2018"]Uttar Pradesh Investors' Summit 2018[/URL] being held in Lucknow. The two-day summit started on Wednesday. A week ahead of the event, the three authorities had already inked memoranda of understanding (MoUs) with more than 200 companies desiring to invest more than Rs 30,000 crores in the three areas. The [URL="https://timesofindia.indiatimes.com/topic/UP-government"]UP government[/URL] had set a target of Rs 35,000 crores for the three industrial development authorities to achieve. According to [URL="https://timesofindia.indiatimes.com/topic/Noida-Authority"]Noida Authority[/URL] officials, of 132 investors in Noida, prospective investors including Paytm, TCS, Dharampal Satyapal, Haldiram Snacks, Kent RO systems, Uflex, and others have already promised to invest in the area. Around 300 acres of land has been earmarked for the entrepreneurs to set up their stores. Majority part of the land is located along the Noida-Greater Noida expressway, but some of it is also lies in the old industrial sectors of the city. "We want Noida to be a gateway for industrial development and not for real estate," said [URL="https://timesofindia.indiatimes.com/topic/Alok-Tandon"]Alok Tandon[/URL] , chairman and CEO (CCEO), Noida Authority. "We have focused on providing entrepreneurs with a conducive environment for setting up industry and to propel industrial growth," he said. [url]https://timesofindia.indiatimes.com/city/noida/noida-eyes-rs-30000-crore-biz-via-mous-with-firms/articleshow/63020936.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: MANOJa
On: February 23 2018 08:11 AM
[h=1]Centre orders pollution curbs, broom sweeping of roads to stop in Noida[/h] [URL="https://timesofindia.indiatimes.com/toireporter/author-Vandana-Keelor-39625802.cms"]Vandana Keelor[/URL]| TNN | Updated: Feb 22, 2018, 02:34 IST [IMG]https://timesofindia.indiatimes.com/thumb/msid-63021370,width-400,resizemode-4/63021370.jpg[/IMG] NOIDA: The Union environment ministry has asked [URL="https://timesofindia.indiatimes.com/topic/Noida-Authority"]Noida Authority[/URL] to adopt immediate measures to mitigate pollution. These include cleaning the city's streets mechanically and establishing a permanent helpline number to receive pollution-related complaints. Officials said Noida Authority has also been asked to submit an action plan to alleviate pollution levels in the city to the ministry within 10 days, besides a performance report every month. The meeting between officials from Noida Authority, Gautam Budh Nagar district administration, the [URL="https://timesofindia.indiatimes.com/topic/UP-Pollution-Control-Board"]UP Pollution Control Board[/URL] and the Union ministry of environment, forest and climate change (MoEF&CC) took place in Delhi on Tuesday. "Sweeping with brooms across 24-metre-wide roads will henceforth be stopped. These roads will be cleaned mechanically," said Rajesh Singh, officer on special duty (OSD), Noida Authority. "Currently, we have only two mechanised vehicles which clean six main roads of the city. If we have to undertake the cleaning of all roads with width from 12 metres to 32 metres, we will have to procure additional machines," he said. "On Wednesday, I have asked all work circle project engineers to carry out a detailed survey and within a week identify all roads measuring 12, 18, 24 and 32 metres so that we can arrive at the number of mechanised vehicles we need to purchase for cleaning," Singh explained. "Once I have all the details, we will initiate a tender and procure the vehicles," he added. [h=2]Singh said a helpline number will also be established as directed by GK Mishra, Union environment secretary. "To control dust pollution, as per the ministry guidelines released in 2010, it is mandatory for construction sites to put sheets on construction material, sprinkle water on dust and not ferry construction material in open vehicles to contain air pollution. All these norms will be enforced," he added.[/h] The green ministry has further directed that the entire mitigation plan should be in place within the next 10 days, by March 1. "We have been asked to submit our plan of action in the next 10 days. A performance report will also have to be submitted by 7th of every month to the ministry," the OSD said. [url]https://timesofindia.indiatimes.com/city/noida/centre-orders-pollution-curbs-broom-sweeping-of-roads-to-stop-in-noida/articleshow/63020869.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: sunita3329
On: February 23 2018 11:41 AM
[b]Will Deliver 10,647 Units In 3-15 Months: Amrapali To SC [/b] If the "assurance" given by insolvency-hit Amrapali Group comes "true", about 10,647 homebuyers who invested its Greater Noida projects will get the possession of their units in a matter of 3-15 months. According to the details provided by the company to the Supreme Court on February 22, the embattled real estate major would be able to deliver about these units in 19 towers of its Leisure Park project in Greater Noida with help from the outside ─ the company has told the apex court that 13 developers are willing to assist it accomplish the task that would require an amount no less than Rs 87.28 crore. "The concern of home buyers is also shared by the court at this stage. There is evident financial crunch. 13 developers are willing to help you. To this extent, we are okay. Look at the plight of the home buyers. They are waiting for eight-nine years. They have invested their money. They are waiting. Whatever proposal you are bringing, they (home buyers) must be satisfied," the SC told Amrapali. The SC had on February 21 asked the company to furnish details of 47 residential towers, which the company claimed would be completed within 14-16 months. A day before Amrapali had sought the court's permission to rope in other players to deliver its ongoing projects. The company is facing insolvency proceedings initiated by Bank of Baroda because of its failure to repaying loans. A cash crunch, the company said, was left it helpless in hand over possession of flats to over 42,000 buyers in a time-bound manner. "This would (roping in of other builders) provide for the necessary liquidity and cash flows for payment to the creditors and also investments in projects that unfortunately have negative cash flows," the company said in its affidavit on February 20. While asking the company to provide information about its other unfinished on March 15, the SC has posed the matter for further hearing on March 27.
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: graana
On: February 23 2018 06:32 PM
Pointing out that the government is serious on introducing reforms in India - as can be seen from the recent approval of [url="http://economictimes.indiatimes.com/topic/FDI"]FDI[/url] in multi-brand retail - Mr Datta believes that the RBI can also be expected to lower [url="http://economictimes.indiatimes.com/topic/interest-rates"]interest rates[/url] in the coming months, which will benefit developers as well as consumers .
With warm regards,
Team IREF
With warm regards,
Team IREF
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Unsubscription information:
To unsubscribe from this thread, please visit this page:
https://www.indianrealestateforum.com/member/77913-ck-kislay/subscriptions
0 comments:
Post a Comment