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Aamby Valley Auction To Continue. All You Need To KnThe Supreme Court on May 16 held that the process to auction Sahara group's prime Aamby Valley property near Pune would continue, as the group has failed to deposit Rs 750 crore in a refund account.
Noida Authority Earmarks Rs 1,500 Cr For 19 OngoingThe Noida Authority plans to invest Rs 1,500 crore in 19 different developmental projects in the city. Besides, efforts are being undertaken to ensure energy and water consumption in Noida. Meanwhile, Noida’s residential welfare authorities have been protesting against the inefficacy of workers hired by the Authority who are on regular strikes resulting in poor civic conditions in the Authority’s jurisdiction.
After UP, MahaRERA Issues Recovery Warrant Against BThe Maharashtra Real Estate Regulatory Authority has slapped recovery notices on at least 11 realtors in the past two months. These developers failed to comply with orders passed by the MahaRERA. Section 40 of the Real Estate (Regulation & Development) 2016, says that buyers can demand issuance of an RC in case builders refused to refund him.
Miami's Fisher Island Pips Beverly Hills As US' RichMoving from California’s Beverly Hills (90210), it is now Miami’s Fisher Island (33109) that has emerged as the country’s richest zip code. This was revealed in a report by Bloomberg evaluating the IRS data for zip codes across the country with more than 200 tax returns as of the 2015 filing season, and with 500 residential households, according to the latest Census tally. The island, just off the coast of Miami, is known to house the elite and can exclusively be accessed by either ferry or water taxis only.
UP RERA Sets Precedence, Tells Noida Admin To IssueIn a move that would set a precedent for other states to follow, the Uttar Pradesh Real Estate Regulatory Authority has asked the Noida Administration to slap recovery certificates (RC) on two developers and recoup Rs 1.23 crore from them over their failure to comply with the body’s previous order. The regulatory body, which was set up in May last year, had earlier directed the two developers—IVR Prime IT Pvt Ltd and Amrapali Group – to refund buyers who decided to opt out of their projects.