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Real estate developer Gulshan Homz has acquired a 2.5-acre land parcel in Sector 129, Noida – one of the most prime real estate locations in the National Capital Region – for Rs 150 crore from a bank. The land parcels are part of Jaypee townships in Noida and Greater Noida, which have become a drawcard for various developers.
Builders in Greater Noida have until March 2024 to complete pending residential projects and registries, as well as address maintenance issues, according to a joint committee formed by the Greater Noida Industrial Development Authority (GNIDA). The committee also instructed builders to resolve concerns raised by homebuyers regarding malfunctioning lifts, illegal structures, and pending registries.
Under the Insolvency and Bankruptcy Code (IBC), the NCLT has appointed Hitesh Goel as the insolvency resolution professional (IRP). Supertech Declared Bankrupt by NCLT, Fate of Over 25,000 Homebuyers’ Lays Hanging.
Ritu Maheshwari, the chief executive officer of the Authority NOIDA: Even before work started on the convention and habitat centre, the flagship project of the Noida Authority has hit a hurdle. A row has erupted over whether the government company selected for the Sector 94 project through a bidding process is authorised to carry out the work. The decision on whether the company can be given the go ahead to execute the project will now be taken at a board meeting of the Noida Authority. Selecting the company itself wasn’t an easy task for the Authority. Bids for the project were floated fo...