175

Sky-Walk ToConnect Delhi, Noida Metros At Sectors 71-52 Junction

Noida: Instead of developing an interchange metro station connecting two different routes at Sector-71 in the city, the Noida Metro Rail Corporation is planning to build up a sky-walk, an overhead pathway, for commuters of Noida's new Sectors and Greater Noida promising seamless services.

Though, the overhead pathway will solve the problem up to some extent but it won't be as convenient as commuters enjoy at an interchange metro station.

At Sector-71 in Noida, there is a gap of half kilometer between two metro stations on two different routes, one is Aqua line connecting Greater Noida with Noida and the other is Blue line connecting Noida with New Delhi.

169

Unitech, Gardenia contest charge of fund diversion in Noida, Greater Noida project

Noida: Two developers of private housing projects on Monday claimed before the New Okhla Industrial Development Authority that they have papers of expenditure made for developing of housing projects. They assured the authority that they will produce the papers as proof of expenditures made for development of housing projects.

These developers represented their sides before top officials of the authority while the government appointed firm was presenting the audit report in the board room of the development authority. This meeting was chaired by AlokTandon, chief executive officer and chairman of Noida.

850

2018 May Not Bring the Big Residential Revival

The year 2017 will be remembered as the year of disruption and radical policy reforms in the history of Indian real estate. While RERA and GST might be considered as a disruption by the industry, the government’s sustained efforts towards promoting affordable housing provided some hope to the beleaguered residential sector.  However, the year 2017 was another watershed year for the residential sector wherein neither new launches nor sales could not ignite the hope of revival.

As 2017 comes to end, developers are hoping that the year 2018 will bring in the much-anticipated revival of the residential sector. However, the year 2018 is expected to be no different than 2017 because of the following notable trends:

559

Noida Residents Suggest New Model For Civic Bodies

Noida: The Uttar Pradesh government may form a separate institution for providing better civic services to residents in the city. Though the institution will provide services similar to what a municipality provides to its citizens but its model of governance may be different from the one which is of a municipal corporation in the city. 

DrPrabhat Kumar, divisional commissioner with Meerut Division, recently said that they received suggestions from various social, industrial and real estate organizations in which they have expressed reservations about the model of governance by elected representatives.  

238

India Residential Property – A 2017 Recap and Peek into 2018

2017 was quite an eventful year for the Indian economy at large, and the real estate sector got more than its usual share of the limelight. A series of reforms and structural changes tore into the very heart of the industry, effecting a surgical strike at market opacity, unaccounted funds transactions and customer victimization.
 
The entire real estate fraternity had to re-orient their businesses to sustain in the changing environment. Already, the real estate sector has shed a massive part of its unorganized and fragmented nature, and the ways and means of doing business in changed for good in 2017.