NBCC seeks nod to demolish six more unsafe towers at Green View in Gurugram

NBCC India Limited seeks permission to demolish more unsafe towers at Green View housing project in Gurugram. The company already razed part of the complex deemed uninhabitable in 2022. They are awaiting DTCP approval to demolish towers A, B, C, D, EWS blocks, a school, shopping complex and an underground tank.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/Cl2UwvW
via IFTTT

Speculative realty investors are like slow poison, they jeopardise genuine buyers: SC

The Supreme Court has cautioned against the misuse of insolvency proceedings in the real estate sector by speculative investors, who prioritize profit over genuine homeownership. The court noted these investors act as a 'slow poison,' jeopardizing the interests of genuine homebuyers.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/WjEOcSg
via IFTTT

SC calls for IBC overhaul, seeks revival fund for stressed real estate projects

The Supreme Court proposed significant reforms to the Insolvency and Bankruptcy Code to restore faith in the regulatory framework. It urged the government to establish a revival fund for stressed real estate projects and emphasized that housing is a fundamental right.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/NotuBeU
via IFTTT

No government nod, 32 flats razed by Gurugram civic body

Gurugram authorities cracked down on illegal construction in Anamika Enclave, Sector 14, demolishing and sealing 32 unauthorized flats. The buildings lacked mandatory map approval from MCG and fire safety NOCs, including essential fire escape doors. MCG officials emphasized their commitment to preventing illegal construction, highlighting the strain it places on city infrastructure and services.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/fRerlKu
via IFTTT

Noida authority to raze 60 buildings with flats sold for up to ₹65 lakh

Noida Authority initiated a demolition drive in Salarpur Khadar village, targeting approximately 60 illegally constructed buildings erected by 39 developers on 24 plots. While some demolitions were halted due to court stay orders, authorities razed structures on three plots and are preparing actions against developers under land mafia law.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/cszyQ6K
via IFTTT

Amazon leases 2.2 lakh sq ft office space in Chennai

Amazon Development Centre India has leased 220,000 sq ft from WeWork in Chennai, marking the largest office transaction in the city this year. The 40-month lease will accommodate over 3,500 work units, highlighting Amazon's expansion in southern India and the growing demand for flexible workspaces. This deal positions Chennai as a key real estate market alongside Bengaluru and Hyderabad.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/EhBnDaT
via IFTTT

Mumbai: MMRDA to auction plots in Wadala central business district

MMRDA is set to auction plots in Wadala, Mumbai's third CBD, within the next two months, following the successful sale of its BKC land bank. This development, included in the MMR's economic master plan, aims to capitalize on Wadala's strategic location and connectivity via Eastern Freeway, Atal Setu, and various transit lines.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/U2tSJWZ
via IFTTT