Noida Extension may see sharp price rise
Though the developers have hailed the Allahabad High Court’s judgment on Greater Noida land acquisition, they said existing flat buyers will be immune to higher compensations to farmers.
Though the developers have hailed the Allahabad High Court’s judgment on Greater Noida land acquisition, they said existing flat buyers will be immune to higher compensations to farmers.
The real estate developers have taken the verdict of the Allahabad High Court, which has awarded a greater compensation to farmers of Gautam Budh Nagar but has not stopped acquisition anywhere barring three villages in their stride.
Welcoming the “balanced” decision of the Allahabad High Court to quash land acquisition in three villages in the Noida, Greater Noida and Noida Extension, CREDAI claims that home buyers will not be affected by the ruling.
In a major setback to the Mayawati Government and the developers who have projects spread across Noida Extension, the Allahabad High Court today, September, 21, quashed the land acquisition of three villages in Greater Noida.
The Securities and Exchange Board of India (SEBI) on Thursday said it would probe real estate company DLF following allegations by Kimsuk Krishna Sinha that he had been duped of Rs.34 crore.
Kolkata-based real estate company Avani Group is to foray into retail business by December, a senior executive said.
As the realty major DLF moves the Compat to challenge the CCI penalty of Rs.630 crore, the real estate sector will soon get an answer as to whether their business falls under the service sector.
The SAT on Tuesday, September 18, upheld an order passed by SEBI against two Sahara group companies and directed them to return money raised from the public in violation of securities regulations with an interest of 15%.
Franchising is basically the replication of a successful business model format across locations through like-minded partners.
The real estate sector has expressed guarded optimism on Supreme Court ruling that terms as “illegal” any sale of immoveable property through power of attorney (POA) unless the case is “genuine”.