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April 3, 2024
Officials said the department posted a revenue of Rs 3,585 crore in 2023-24. It stood at Rs 3,018 crore in FY23.
February 28, 2024
According to a rough estimate, there are around 2.4 lakh stressed housing units in the Noida and Greater Noida region, of which around 1.2 lakh flats are yet to be delivered. Possession has been given for the remaining 1.2 lakh units, but registries are still pending.
February 23, 2024
NBCC has completed 12 Amrapali projects in Noida and Greater Noida. Close to 6,000 units have been sold in the erstwhile Amrapali Group with a sale value of close to Rs 3,500 crore, officials said.
February 9, 2024
It has started the deregistration process against 15 percent of the projects as have made on progress, MahaRERA has told the Centres RERA subcommittee
January 28, 2024
A total of 431 infrastructure projects in India, with investments of over Rs 150 crore each, experienced cost overruns of more than Rs 4.82 lakh crore in December 2023, according to a report by the Ministry of Statistics and Programme Implementation. Out of 1,820 projects, 848 were delayed.
January 25, 2024
At least five real estate developers have received permission for executing registries of 1084 apartments in Noida. Two more will pay dues in the coming days
January 3, 2024
Experts feel that the judgment increases the scope of recoveries for homebuyers significantly in cases where the developer goes absconding or is undergoing insolvency
December 27, 2023
The rehabilitation package was recommended by the Amitabh Kant panel set up for the purpose and will benefit homeowners of close to 1.2 lakh units that have been given for possession but not registered. Once builders pay the initial 25 percent, the authorities will allow registries of flats that have been delivered but are yet to receive OCs.
December 24, 2023
"Total original cost of implementation of the 1,831 projects was ₹25,10,577.59 crore and their anticipated completion cost was ₹29,50,997.33 crore, which reflects overall cost overruns of ₹4,40,419.74 crore (17.54 % of original cost)," the ministrys latest report for November 2023 said.
December 20, 2023
Experts say that the zero period waiver on interest and penalties imposed on developers for financial defaults is also a positive development for various stakeholders in the NCR real estate sector.