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Husband of Sarpanch, two Revenue officials were also booked by Crime Branch for their involvement in the fraud.

Representative image NOIDA: The completion timelines of flats in various stages of construction in Delhi-NCR could stretch up to two years, realtors’ associations Naredco and Credai have said, an impact primarily of two successive waves of the pandemic and the financial and work force disruptions caused by it. This will also make the wait for delayed flats frustratingly longer. According to a survey by real estate consultants Anarock, there are over 3 lakh such flats in the main cities of Delhi-NCR. Flats are considered delayed or stuck if they were launched on or before 2014. Construction...

NOIDA: The second wave of the pandemic seems to have dealt a severe blow to the already ailing real estate sector. In Noida, Greater Noida and Ghaziabad, for instance, over a 100 realty projects are currently functioning sans sanctioned maps and registrations, according to the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera). Affected are lakhs of homebuyers who have sunk their life savings in these projects. In fact, these builders are in a catch-22 situation as they do not have funds to pay up their dues to the respective industrial authority for which their plans are not getting p...

Representative image NOIDA: The Noida administration has sealed properties worth Rs 344 crore in 32 builder projects. These properties will now be put under the hammer and the money earned from it would be handed over to UP-Rera. The regulatory authority will, in turn, use the amount to refund buyers. Some of the developers whose properties were sealed on Wednesday were Sikka Group, Ajnara, Supertech, Rudra Buildwell and Antriksh. UP-Rera had issued recovery notices against these properties. This money would be used to refund buyers in cases where Rera has issued refund orders but they have ...

Noida: Flagging labour shortage at construction sites, builders’ body Confederation of Real Estate Developers Association of Indian (Credai) has said delivery timelines of realty projects could be hit as more than 25% migrant workers have left for their hometowns. UP-Rera has taken cognizance of the situation and says it may offer deadline extensions to builders. Pankaj Bajaj, president of Credai-NCR, said: “Sourcing material has once again become a problem with weekend markets being shut, also over 25% migrant workers have left for their home towns. As a result, running day-to-day work h...