Real Estate News

Supertech Noida homebuyers get respite from SC, here's what apex court said

Supertech Noida homebuyers get respite from SC, here's what apex court said

Realty firm Supertech Ltd informed the top court that it will be filing an appeal against the order of the National Company Law Tribunal (NCLT) declaring it bankrupt on a plea filed by the Union Bank

Apr 05, 2022, 10:58 AM IST
Realty association writes to CM Yogi, seeks help to save builders from bankruptcy

Realty association writes to CM Yogi, seeks help to save builders from bankruptcy

Naredco's Uttar Pradesh Chapter represents developers having projects mainly under Noida, Greater Noida and Yamuna Expressway industrial development authorities.

Apr 02, 2022, 17:40 PM IST
5.5 lakh Ghaziabad households will be issued unique IDs soon: Details here

5.5 lakh Ghaziabad households will be issued unique IDs soon: Details here

According to the officials, each property's unique ID will include information on the state, district, ward, and mohalla, as well as a name plate with the unique ID's information.

Apr 02, 2022, 15:49 PM IST
‘Why real estate builders getting bankrupt in UP,’ CM Yogi Adityanath takes cognisance

‘Why real estate builders getting bankrupt in UP,’ CM Yogi Adityanath takes cognisance

Several large real estate companies, notably Jaypee Infratech and Mumbai-based HDIL, are facing insolvency proceedings. CM Adityanath moots high-powered committee to address their problem.

Apr 02, 2022, 11:49 AM IST
Housing sales up 71% in 7 major cities in Jan-Mar; highest sales since 2015

Housing sales up 71% in 7 major cities in Jan-Mar; highest sales since 2015

In Delhi-NCR, housing sales more than doubled to 18,835 units from 8,790 units, while the MMR saw a 43 per cent rise in sales to 29,130 units from 20,350 units.

Apr 01, 2022, 16:34 PM IST
Krisumi Corporation partners with IIFA 2022 as brand partner

Krisumi Corporation partners with IIFA 2022 as brand partner

The IIFA Awards will be held on Yas Island, Abu Dhabi.

Apr 01, 2022, 10:03 AM IST
Noida: Good news for 40,000 homebuyers! Banks to disburse Rs 1,500 crore to complete Amrapali projects

Noida: Good news for 40,000 homebuyers! Banks to disburse Rs 1,500 crore to complete Amrapali projects

On March 28, the Supreme Court directed the Bank of Baroda-led consortium of seven banks to effectuate disbursal of Rs 1,500 crore by Tuesday for the construction of stalled real estate projects of

Mar 30, 2022, 19:36 PM IST
After Supertech, now Logix group facing bankruptcy; fate of around 2700 home buyers uncertain

After Supertech, now Logix group facing bankruptcy; fate of around 2700 home buyers uncertain

Collier International (India) Property Services has reached NCLT against Logic Builder.

Mar 29, 2022, 15:41 PM IST
Not just Supertech, Delhi-NCR's other real estate firms facing insolvency proceedings; check here

Not just Supertech, Delhi-NCR's other real estate firms facing insolvency proceedings; check here

Meanwhile, many real estate companies are facing insolvency proceedings including Jaypee Infratech and Mumbai-based HDIL.

Mar 26, 2022, 16:44 PM IST
Noida-based builder Supertech faces second major setback in the last one year; details here

Noida-based builder Supertech faces second major setback in the last one year; details here

Apart from this, Supertech is also barred from transferring, encumbering, alienating, or disposing of any assets.

Mar 26, 2022, 14:44 PM IST
Supertech to challenge NCLT order in National Company Law Appellate Tribunal

Supertech to challenge NCLT order in National Company Law Appellate Tribunal

Meanwhile, Supertech, in a statement, said that it will challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT).

Mar 26, 2022, 11:57 AM IST
Supertech declared insolvent; 25,000 homebuyers in tizzy

Supertech declared insolvent; 25,000 homebuyers in tizzy

The Supreme Court has ordered the demolition of Supertech Ltd's twin 40-storeyed towers. 

Mar 25, 2022, 17:27 PM IST
Attention Noida, Greater Noida homebuyers! Anarock to facilitate sale of 5,400 flats of Amrapali in NCR

Attention Noida, Greater Noida homebuyers! Anarock to facilitate sale of 5,400 flats of Amrapali in NCR

The company has already facilitated sales of 150 units for Rs 70 crore within just 30 days, the property consultant said in a statement.

Mar 24, 2022, 17:38 PM IST
IT Dept continues searches at Omaxe for 3rd straight day, Rs 20 crore recovered so far

IT Dept continues searches at Omaxe for 3rd straight day, Rs 20 crore recovered so far

The Income Tax department has also detected unaccounted transactions amounting to Rs 200 crore during the raids at Omaxe premises. 

Mar 16, 2022, 15:23 PM IST
Supertech twin towers demolition on May 22, Noida authority shares modus-operandi

Supertech twin towers demolition on May 22, Noida authority shares modus-operandi

The NOCs of all departments have been received while the demolition of the twin towers will be carried out in a scientific process, said the authority. 

Mar 14, 2022, 16:38 PM IST
Supertech twin towers will be be demolished on May 22, Noida authority tells SC

Supertech twin towers will be be demolished on May 22, Noida authority tells SC

The top court was informed that the entire debris will be removed by August 22.

Feb 28, 2022, 14:05 PM IST
Gurugram Society declared unsafe for living, residents have to vacate houses by March 1

Gurugram Society declared unsafe for living, residents have to vacate houses by March 1

The NBCC has given the option to these families to shift to an alternate residential facility and will bear the costs of shifting them.

Feb 17, 2022, 13:39 PM IST
UP RERA penalises Ansal Housing, ATS Realty, 7 others of over Rs 1.40 crore for non-compliance

UP RERA penalises Ansal Housing, ATS Realty, 7 others of over Rs 1.40 crore for non-compliance

The 9 promoters are further directed by UP RERA to submit a compliance report of orders within 15 days. 

Feb 16, 2022, 15:52 PM IST
Realtors' hail RBI policy: Low interest rate on home loan to drive housing demand

Realtors' hail RBI policy: Low interest rate on home loan to drive housing demand

Real estate developers and consultants have welcomed the RBI's decision to keep policy rates unchanged. 

Feb 10, 2022, 19:07 PM IST
SC allows ED to rely on forensic auditors' report for charge sheet against Unitech ex-promoters

SC allows ED to rely on forensic auditors' report for charge sheet against Unitech ex-promoters

A Supreme Court bench gave permission to the ED to rely on the Grant Thornton report.

Feb 10, 2022, 17:12 PM IST