Sector 84 Property

India’s construction sector has several challenges. There are no standards in the industry and there is a deficiency of project management expertise, which results in project delays and cost overruns. The software used are expensive and require advanced hardware. Unfortunately, despite the benefits of BIM, some mavens in the industry are clinging to the old ways of working.

Supertech Supernova is an upcoming project in Noida Sector 94. The tallest tower of Noida, Spira is a part of this project and is currently under-construction. The height of Supertech Spira is projected to be 300 meters, offering 80 floors with 600 studio apartments and 250 housing units.

Eight years after the Yamuna Expressway Industrial Development Authority’s 2009 Plot Scheme was announced, the authority will begin handing over of the plots to the allottees in October. These plots are sized between 1,292 sqf and 43,000 sqf and the price of these plots have gone up three times since the time of allotment.

In a first, the country’s anti-profiteering watchdog has asked a Gurgaon-based developer to pass on the benefits availed of under the new tax regime to homebuyers. A penalty might also be imposed on the builder.

Reliance Communications Chairman Anil Ambani has said that his firm would be shutting down its telecommunication business and turn its focus on Reliance Realty. The real estate business, says the billionaire businessman, will be the engine of growth for the future of this company.