Latest news

rera-delhi-gets-vijay-madan-as-full-time-real-estate-regulator
economy
RERA: Delhi gets Vijay Madan as full-time real estate regulator

NEW DELHI: Delhi has finally got a full-time real estate regulator under RERA with Lt Governor Anil Baijal appointing retired IAS officer Vijay S Madan to the post. Until now, the Delhi Development Authority (DDA) vice-chairman was the interim regulator under the Real Estate Regulatory Act (RERA), 2016. Delhi has already notified provisions of RERA…

Read more
noida-penalty-is-no-relief-say-lotus-panache-homebuyers
economy
Noida: Penalty is no relief, say Lotus Panache homebuyers

File photoNOIDA: Aggrieved homebuyers of Lotus Panache, an upscale housing project in Sector 110, on Wednesday demanded they be given the apartments at the earliest and not just the compensation for the delayed possession.The district administration had on Tuesday seized two other properties of the promoter — 3C Developers — to recover Rs 34 crore…

Read more
up-rera-to-hear-pleas-on-unregistered-projects
economy
UP RERA to hear pleas on unregistered projects

File photoGREATER NOIDA: Apart from four regular sittings, the Greater Noida bench of Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) will hold two special hearings every week to address the complaints of buyers against unregistered real estate projects.The decision was taken by UP-Rera officials in a meeting with Noida and Greater Noida authorities on Wednesday.…

Read more
nclat-approves-ultratech8217s-bid-for-binani-cement
economy
NCLAT approves UltraTech’s bid for Binani Cement

File photo NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) Wednesday approved the revised bid of Aditya Birla group firm UltratTech Cement for debt-ridden Binani Cement. A two-member bench of NCLAT, headed by Chairman Justice S J Mukhopadhaya, approved UltraTech’s resolution plan and said that plan submitted by the rival Dalmia Bharat group firm…

Read more
two-properties-of-3c-developers-8216seized8217-in-noida-for-rs-34-crore-lotus-panache-default
economy
Two properties of 3C developers ‘seized’ in Noida for Rs 34 crore Lotus Panache default

File photo NOIDA: The district administration on Tuesday seized two properties of 3C Developers to recover Rs 34 crore from the realty firm to pay off buyers in Lotus Panache project in Sector 110, as ordered by the country’s top consumer court. The developer, however, claimed it has handed over the properties as “security deposit”…

Read more