Affordable housing in Gurgaon and Faridabad is becoming a distant dream for middle-class families as new project launches have stalled. Rising land and construction costs have made it difficult for developers to build within the government's price cap, leading to a near-freeze in approvals and leaving many aspiring homeowners locked out of the market. Source link...
ASK Property Fund has invested Rs 260 crore in Kreeva, the real estate venture of Kanodia Group. Kreeva has acquired a prime land parcel in South Delhi for a luxury residential project. This development will offer spacious apartments in a market known for independent floors. ASK Property Fund sees significant opportunities in the NCR real estate market. Source link...
In a bid to streamline property transactions, Haryana officials are urging all individuals engaged in deals exceeding 30 lakh rupees to promptly provide their Permanent Account Number (PAN) details. This directive targets deals spanning from the fiscal years 2019-20 through 2024-25. Source link...
The UP industries department has prepared a note for the state council of ministers on creating a metropolitan corporation in Noida, a move requiring legislative changes. This proposal stems from a Supreme Court order following a Special Investigation Team's report that criticized Noida Authority's functioning and recommended a more transparent, citizen-centric governance model. Source link...
The Supreme Court has underscored the importance of environmental stewardship, imposing a hefty Rs 5 crore fine on a construction firm for breaching eco-friendly regulations. The court highlighted that larger corporations, which disproportionately benefit from their extensive operations, bear a heightened duty to mitigate their environmental impact. Source link...