DEMOLITION ACTION – Land row erupts again in Noida’s Shahberi village
A land row has again erupted in Shahberi, the first village in Noida Extension where the SC had quashed land acquisition. The Greater Noida authority on Tuesday demolished “illegal“ structures in the village. A clash between police and protesters left a few people injured. “The demolition is in violation of the court order. The authority [...]
Industrial growth takes a hit in Noida, Greater Noida
The year 2010-11 proved to be a bad year for industrial development in Noida and Greater Noida. A total of 319 units shut operations during the last financial year, more than 50% up from the figure of 205 a year ago. Also, in 2009-10, a total of 1,610 new units came up. But in the [...]
Developers want ‘force majeure’ in draft Realty Bill
Real estate developers, smarting from the Greater Noida debacle where the Allahabad High Court halted construction of disputed projects, have sought inclusion of “force majeure” provisions in the proposed real estate bill drafted by the central government. The developers’ associations — Confederation of Real Estate Developers’ Associations of India (CREDAI) and National Real Estate Development [...]
Supreme Court notice to GNOIDA, UP on land acquisition row
The Supreme Court today issued notices to Uttar Pradesh government and Greater NOIDA authority on a petition filed by a group of farmers challenging the acquisition of their agricultural land by the authorities in Garhi Bachchera village of Gautam Buddh Nagar district. The petition pleaded “mindless acquisition” of agriculture land would lead to a food [...]
MagicBricks.com presents Virtual Property Expo for NRIs
For the First time ever, MagicBricks.com, a leading real estate portal, is putting up a virtual property fair from November 28 to December 18, 2011, at IndiaCalling.MagicBricks.com. The virtual property expo has been organised for NRIs residing in the USA. At the India Calling – Virtual Property Expo, users can browse through the many projects [...]
Uproar in Parliament over Govt’s Decision to allow FDI in Retail
The Lok Sabha and the Rajya Sabha were adjourned till noon, minutes after the two Houses gathered on Monday, as a united opposition created uproar over government’s decision to allow FDI in retail. The opposition members were up on their feet shouting slogans against the government. In Lok Sabha, plea for calm by Speaker Meira [...]
Delhi Based Developer Ansal API Coming up with Mega City ‘Sushant Megapolis’ in NCR
New Delhi-based real estate developer, Ansal API is coming up with Sushant Megapolis, a 2,504-acre mega-city in Gautam Budh Nagar, adjoining Greater Noida, Uttar Pradesh. The first phase of the project measuring around 500-acre was launched in July 2008 and now the company has launched the second phase measuring around 600-plus acre. The project consists [...]
CBI to Question Emaar MGF VC&MD
The Central Bureau of Investigation (CBI) will be questioning Emaar MGF vice chairman and managing director Shravan Gupta in the Emaar-Andhra Pradesh Industrial Infrastructure Corporation (APIIC) joint venture township project case. The CBI has already arrested key accused, Koneru Prasad, in the case. Emaar MGF is the developer of the 235-acre township project promoted by [...]
