410

900 Complaints Lodged Against Delayed Possession Of Homes In UP With RERA

New Delhi: A month after adjudicating officers was appointed, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has seen steep rise in number of complaints being lodged against private housing project developers in the state.

Maximum numbers of complaints were moved by home buyers and their associations to UPRERA are from Noida and Greater Noida in Gautam Buddha Nagar. These complaints are different nature including delayed of possession of homes, pending registration of sold properties with department of stamp and registration.

379

Will Bitcoin Buy You Property in India Anytime Soon? Unlikely

Bitcoin and other crypto-currencies have been in the news a lot if recent times, often for the wrong reasons but also because of the massive appreciation Bitcoin has been clocking up. To top it off, real estate has now been dragged into the bitcoin controversy, with a handful of projects in some parts of the US and Dubai actually inviting investments via the Bitcoin route. With the ongoing slump in sales, is it possible that developers in India will offer such an option to prospective buyers as well? Let us take a closer look at this.

260

One Year of Demonetization: Real Estate Bruised, But More Resilient

That which does not kill us, makes us stronger" - Friedrich Nietzsche

Over the past one year, demonetization has been a buzzword across all Indian industries, but much more so in real estate. The radical move of banning high-value currency notes, seen as the Government’s surgical strike on black money, has become a landmark event in the history of the Indian economy. Looking back on Year 1 AD (After Demonetization), it is plain to see that it has brought significant disruptions into the overall economy – and particularly the real estate sector.

223

Noida-Greater Noida Metro Corridor To Get Operational By May

Noida: Commuters will soon be able to transit through around 30 km long elevated metro corridor between twin cities of Noida and Greater Noida over a period of next six months as the DMRC (Delhi metro rail corporation) is near about completion of the project. It erected the last girder on Tuesday in Sector-143 in Noida to mark the completion of civil work.   

AlokTondan, Managing Director of Noida Metro Rail Corporation (NMRC), said, “The civil work is completed and now are in process of starting the trial on the corridor from January next year.”

15

What Ails Gurugram's Affordable Housing Segment

The real estate market of Gurugram - previously called Gurgaon - is primarily known for its glitzy office buildings and luxury housing projects which accommodate the C Suite and upper management category buyers who work in these buildings. A fact that is not so often talked about is that Gurugram, like any other modern city, depends on the services of blue collar and even EWS category citizens to stay viable. Unfortunately, Gurugram's performance in terms of providing housing which is affordable to such people has been less than stellar in the past.