Suncity Projects

After the Supreme Court recently allowed state-run builder National Building Construction Company (NBCC) to take over projects of insolvency-hit real estate major Amrapali, the Haryana Town and Country Planning Department has decided to adopt a similar stance. According to media reports, the department has cancelled the licence of 15 developers who have been building residential and commercial projects spread across Gurgaon, Faridabad, Hisar and Katnal.

BDD chawls are all set to be brought down to make way for tall buildings that will rehabilitate over 15,500 families staying in Naigaon, Lower Parel and Worli. While the Naigaon area is being redeveloped by L&T, Shapoorji & Pallonji are working in Lower Parel area and recently Tata Group has been awarded the tender for redeveloping Worli area.

Here is a look at key affordable real estate hubs near industrial areas of the Pink City.

In a setback for the harried homebuyers in Jaypee's projects, the Supreme Court (SC) on August 9 handed over the case to the Allahabad Bench of the National Company Law Tribunal (NCLT) for resolution in six months. It has also barred Jaypee promoters from participating in the fresh bidding process.

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.