Builder Floor for sale in Shahberi Greater Noida

Authorities in Noida have already upped the ante against builders, responsible for causing real estate mischief in once the poster boy of affordable realty, Noida property market. It is known for entirely different reasons today. The Shahberi building collapse tragedy of July 17 that took nine lives and affected scores of other lives has triggered a reaction from authorities which buyers only wished for while offenders escaped so far, somehow.

In 2018, Noida homebuyers demanded homes that were on an average 1,320 sqf in size, a slightly upward movement when compared to 2017 when the demand was for 1,305 sqf, a joint study by Housing.com and Makaan.com suggests. However, on the supply side, this demand remain unmet with apartments sized at 1,260 sqf in 2018 and 1,290 sqf in 2017. Bigger homes at affordable prices is the only way to bring down the weight of unsold inventory.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

National Building Construction Company (NBCC) is now planning to buy insolvency-hit Jaypee Infratech, a move that would help the public company to acquire land parcels in tony localities, Taj Expressway and Japyee Hospitals. NBCC will be competing with other construction majors, including L&T, Suraksha Asset Restructuring Company, Kotak group and ICUBE, which have shown interest in buying Jaypee Infratech, the sister concern of Jaiprakash Associates Limited (JAL). This is the second time process is on to acquire the insolvency-hit realtor.

In a report by global consultancy and research firm Centre for Asia Pacific Aviation (CAPA), India's aviation industry will become the third-largest market in the world with regards to departures by 2019, and job creation by 2027. The report also focuses on the apparent saturation likely in existing airports in metro cities and the need to deploy more capacity in Tier-II cities. To welcome the new flyers, the government is developing 100 airports across various locations in the country.