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Jaypee To Deposit Rs 600 Cr In Instalments ; BuyersJaypee group has identified certain assets which it can sell to deposit Rs 600 crore that will be used to refund the aggrieved homebuyers. The assets include a cement plant at Rewa in Madhya Pradesh.
Court Stays Construction Work In Noida’s Express ZenThe Allahabad High Court has ordered to stop the construction work at Noida Sector 77 project, Express Zenith till July 10. The order has come on the basis of an appeal made by one of the homebuyers alleging that the builder has constructed floors beyond the permitted limit sanctioned by the Noida Authority.
Tier-II Cities Top The Charts In Smart City RankingsThe Ministry of Urban Development has released smart city rankings which places Nagpur on top, followed by Vadodara and Ahmedabad. These rankings were based on various parameters, including expenditure, project implementation and performance of civic bodies in the past four years. Out of 99 smart cities, 12 were not evaluated since the third list was released very recently.
Buyers Suffer As Noida Builder Fails to Get OC, RegiFollowing an order of the Allahabad High Court, the Noida Authority has said it would not issue occupancy certificate to real estate company Omaxe for its project Grand Omaxe in Noida till the builder pays dues to the tune of Rs 250 crore. About 300 residents are already occupying flats in this project since 2012 without the units being registered.
Noida Authority Braces To Acquire 54 Hectare Land FoThe Noida Authority has started the process to acquire 54 hectare of land in two villages that are to be handed over to applicants to be developed as farmhouses. On March 21, Noida Authority chief executive officer along with senior officials of the district administration met the protesting farmers who have been agitating since March 1 after it became public that the Noida Authority was going to revive its attempts to acquire land to resolve the compensation issue.