Affected realtors in Noida Extension demand GNIDA to compensate
The real estate developers who have been affected by the Supreme Court verdict on Shahberi village demand Greater Noida Industrial Development Authority to compensate them.
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Developers carrying failed legacy of state instrumentalities
I don’t see any reason why there has been a general perception that the role of the government is to provide low cost housing unlike private developers.
Amrapali to refund entire amount; Supertech seeks legal opinion
Real estate company Amrapali, which has been worst affected by the Supreme Court judgment regarding land acquisition in Greater Noida, today said it is refunding the entire amount to home-buyers who have opted out from its township in the area.
Alexandria to invest Rs 500 cr on BT park
US-based real estate developer Alexandria’s Indian arm — Alexandria Real Estate Equities Inc is planning to invest around Rs.500 crore to develop a biotechnology park in Bangalore.
Giorgio Armani and Ferragamo may change DLF as Indian partner
Two marquee international brands — Giorgio Armani and Ferragamo — that have joint ventures with leading realty player DLF group’s subsidiary, DLF Brands, have been talking to other corporate groups and investors to scope out the potential of changing their Indian partner.
Real estate bill may be tabled in Parliament
The Government is likely to introduce a bill in the monsoon session of Parliament to protect consumers’ interests against dubious operators in the real estate sector.
Bank lending to realty won’t decline
Though the Reserve Bank of India has laid out strict due diligence standards for banks for sanctioning loans to the real estate sector, industry experts believe lending to the sector will not decline.
SBI says no to funding of realty projects in disputed areas
Noida extension seems to be taking its toll. India’s largest home loan provider State Bank of India (SBI) said on Friday, July 8, it will not finance real estate projects which are mired in disputes over acquisition of land.
SC rejects Sahara plea to issue notice to govt on OFCD issue
The Supreme Court today, July8, rejected the Sahara Group’s plea to issue a notice to the government in connection to its dispute with market regulator SEBI.
In Noida Extension, ‘realty’ check begins
Hours after the Supreme Court order, several worried investors at Shah Beri village rushed to the offices of developers demanding their money back or a house at an alternative site.