India Real Estate Latest Trends | Overview | Growth | Investments

July 13, 2021
NOIDA Development Authority offers 50 Commercial Plots Across the City

In a bid to boost the NOIDA realty sector and enthral the Realty investors to invest in this region the NOIDA Authority has recently launched its commercial Realty developer plot scheme. The scheme has various salient features, and as per it, a total of 50 plots of commercial nature with sizes ranging from 480 sqm to 10,000 sqm is released for acquiring purposes. The plots released will be allocated to the commercial developers for the creation of commercial infra namely, shops, offices, hotels, cinema halls, retail outlets, showrooms and shopping complexes. However, these plots are allotted across 48 sectors of the city, the allotment of the land parcel for the development of the hotel to be brought up in Sector 96 is also a substantial part of the scheme.

As mentioned above, the scheme also caters to the development of a marvellous hotel consisting 24,000 sqm land in Sector 96 and a total of 1,980 sqm of commercial space at the proposed Habitat Centre.” Also, the plots released are for setting up shopping complexes, offices, showrooms, cinema complexes and hotels, the plots that vary from 480 sqm to 5,000 sqm can be used for the development of office spaces and retail ventures while those above 5,000 sqm of land cover can be allotted for the development of hotels and shopping malls.

The registration for enrollment into the scheme is open and the form can be filled latest on or before August 4. Furthermore, the allotment of the lands will be made via the developed e-auction setup. The auction will be held within a week from the closing of the registration date. The allocation process will start once the applications are undergone the due scrutiny procedure.

Investment at its Best in Sector 33 Sohna Gurgaon, Check Why?

Gurgaon, the satellite city of Delhi is situated in the southwest. To the south of Gurgaon falls Sohna Road. It is the fastest growing and developing stretches in the NCR region. In its vicinity are two major highways namely Gurgaon Expressway (NH-8) and the upcoming Kundli-Manesar-Palwal (KMP) Expressway. This strategic location Sohna Road has come out as an important locality in the real estate market from an investment point of view. Since it boasts both affordable residentia

RERA Order of Extension, Realtors at Relief in Maharashtra

MahaRERA’s order of extension has provided relief to many of the developers, while there are still some that are not at ease. The recent order extending the deadline for projects with completion dates on or after 15 by six months has come as a surprise to realtors and industry watchers in the region. The major disruption was due to the blockage created in the supply of the key raw materials, such as steel and cement, which has affected the construction industry. According to Anil Pharande,

UP-RERA goes Digital for Various Processes

In the year 2016 guidelines were issued to go digital for various processes of Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) in order to minimize the regulatory compliance burden. The action plan of going digital was issued for 10 Forms under the Uttar Pradesh Real Estate (Regulation & Development) Rules 2016. Amongst these, 7 were already online while the remaining 3 were made online on July 16. Form A for application for registration of real estate project. Form C for obtaini