Noida Sports City: Revised master plan approved, four projects get conditional OCs

The Noida Authority has green-lighted an updated master plan for the Sports City initiative in Sector 150, following board meetings on January 3 and April 6. A public notice prompted community feedback. The plan dedicates 70% for sports and recreation, while 29.5% addresses residential needs. Additionally, four projects have secured conditional occupancy certificates after clearing dues, with the Supreme Court reviewing compliance and safeguarding homebuyers' rights.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/2nwabgI
via IFTTT

NCLAT seeks separate timeline commitments for completion of 16 stalled Supertech projects by November 6

NCLAT has ordered the Supreme Court committee to provide completion timelines for 16 Supertech housing projects. The new timelines for construction completion range between 12 to 36 months. The committee must submit a report with tentative completion dates by the next hearing on November 6. Supertech, currently under corporate insolvency resolution, is working with NBCC and facing funding challenges.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/9BtdCwI
via IFTTT

Blackstone’s Siddharth Nawal set to take over as CEO of Nexus Select Trust

Siddharth Nawal will soon replace Dalip Sehgal as CEO of Nexus Select Trust in India. Nawal has worked with Blackstone in retail real estate for about ten years. Nexus Select Trust plans to expand its portfolio by acquiring more retail assets in India. The trust aims to grow its shopping center count from 19 to 30-35 malls by 2030.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/7SFv1qM
via IFTTT

Haryana RERA rejects Tata Primanti buyers’ claims after conveyance deed execution in Gurugram

In a recent ruling, the Haryana Real Estate Regulatory Authority rejected a complaint against Tata Housing linked to its Sector 72 project. The buyers had executed the conveyance deed without any objections or reservations. The authority noted a lack of coercion or unfair practice in this case, highlighting that the occupation certificate was obtained before the buyers' allotment, which impacts the validity of post-deed claims.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/PyZAB6o
via IFTTT

Embassy REIT to acquire 8,048 sq ft office space in Mumbai’s BKC for ₹48.29 crore

Embassy Office Parks REIT will acquire a commercial unit in First International Financial Centre, Bandra Kurla Complex, from Citigroup Global Markets India for ₹48.29 crore. The acquisition, comprising 8,048 sq ft of saleable area, is expected to be completed by Q3 FY27.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/2FfGWAo
via IFTTT

Gurugram court orders 14-day judicial custody for Vatika's CMD in money laundering case

The Enforcement Directorate has arrested Anil Bhalla, chairman of Vatika Ltd, who is now in judicial custody concerning a money-laundering case. His detention, initiated alongside Gautam Bhalla on September 28, is tied to accusations of fraudulent practices in the sale of residential plots. The ED alleges that large sums were mishandled, affecting purchasers' rights. Bhalla will remain in custody for 14 days as the investigation unfolds.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/uCSV5eh
via IFTTT

Mumbai court frames charges against builder, firm in ₹28-crore flat fraud case

In a significant development, a special MPID court in Mumbai has laid down charges against developer Vijay Machhindar and his spouse for allegedly defrauding homebuyers of Rs 28 crore by failing to deliver promised residential flats. The couple faces accusations of document forgery to obtain a loan from PNB Housing Finance Ltd.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/cLoi2OI
via IFTTT