The government plans to enact the Benami Transactions (Prohibition) Bill, 2011, to replace the existing Benami Transactions (Prohibition) Act, 1988.
Godrej Properties has entered into a pact with State Bank of India to market its realty projects to customers across India and overseas.
Even though storm is not over Noida Extension land acquisition, another scam in UP Expressway has surfaced that could be India’s biggest land controversy.
The Supreme Court judgment on Shahberi village in Noida Extension was the beginning of the end of the proposed township.
Goa real estate boom is not driven by “people who love the land”, but by speculative investment of black money in the state.
The Bengal government will not allow the diversion of industrial land for real estate purposes.
In yet another jolt to the Uttar Pradesh government’s plan to build a residential hub on 2,000 acres in 11 villages in Noida Extension, the Allahabad high court on Tuesday, July 19, set aside the acquisition of 589 hectares in Patwari village.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has asked builders, whose projects in Patwari have been affected by the high court order, to move the Supreme Court.
Back-to-back quashing of land acquisitions in Noida Extension by court has brought to light the nexus between the authority and builders.
The Allahabad High Court judgment might have raised alarm bells among the developers of Noida Extension, but the moot point remains as to who is actually on the edge-developers or home buyers?