03 Jul 2023

In an escalating dispute at Noida's Antriksh Golf View I society, residents allege the builder unsealed and sold off parking spaces intended for driveways and greenery. Despite sealing 11 of the 78 illicit flats last year, the Noida Authority's efforts have seen limited success. Residents claim two flats were discreetly unsealed and now face the prospect of unlawful sale. Promising to investigate these allegations, an official from the Noida Authority confirmed plans for an inspection. Meanwhile, attempts to reach the builder for comments have been unsuccessful.Read more

01 Jul 2023

Chintels India, the property developer of Paradiso residential complex, has barricaded Tower F due to the distressing sag of a balcony in flat 403. Citing safety risks, the developer has implored for immediate evacuation. Despite warnings, two families continue to reside in the affected tower. District town planner Manish Yadav has assured thorough inspection. Meanwhile, legal action questions the lack of rent settlement in evacuation orders, arguing that Chintels India should comply with regulations set under the Disaster Management Act, which include paying rent or providing alternate accommodation.Read more

01 Jul 2023

R K Arora, the chairman and owner of real estate company Supertech, has been apprehended by the Enforcement Directorate (ED) on allegations of money laundering. The ED's investigation revealed that Supertech and its directors were involved in a criminal conspiracy to defraud the public. The company collected funds from homebuyers and obtained loans for construction purposes, but the funds were misappropriated and diverted. As a result, the Supertech group defaulted on payments, leading to significant non-performing assets.Read more

30 Jun 2023

Saya Group, a prominent real estate developer in India, has announced its plans to build "Saya Status," India's tallest mall in Noida's Sector 129. Spanning over 13.5 acres of land, the mall aims to redefine the retail experience by offering a luxurious shopping destination with high-end retail outlets, entertainment zones, and fine dining options. With its strategic location and focus on sustainability, Saya Status aims to cater to the evolving demands of modern consumers. The project is expected to generate economic benefits, provide employment opportunities, and position Noida as a thriving commercial and retail hub.Read more

30 Jun 2023

G Square has launched G Square Aurora, a 9.63-acre residential plot project in Navalur, OMR Chennai. It offers 217 plots and 25 amenities, with DTCP approval and RERA registration. The location's proximity to the IT hub of OMR and high-value residential areas make it an attractive investment opportunity. G Square Aurora offers villa plots ranging from 536 sq. ft to 1364 sq. ft, with prices starting at Rs. 23.3 Lakhs. Early bird bookings are priced at Rs. 4999 per sq. ft, with the launch price set at Rs. 5300 per sq. ft.Read more

29 Jun 2023

The Punjab Vigilance Bureau (VB) has begun scrutinizing properties belonging to the Pearls Group in a chit fund scam. The VB is examining alienated properties and verifying ownership details to ensure accurate records. The investigation includes properties identified by the CBI and a list shared by SEBI. The government has instructed transparency measures in property transactions. Accused individuals are being summoned for investigation, and the Punjab Chief Minister has pledged accountability and strategies for the return of funds to deceived investors.Read more

29 Jun 2023

Arihant Superstructures, a prominent real estate player in India, is expanding into the plotted development segment with a Rs 700 crore investment in the construction of 500 luxury villas. The move aligns with the company's vision of diversifying its portfolio and meeting the growing demand for premium residential properties. The luxury villas, located in Maharashtra's Jodhpur, will offer spacious layouts, top-notch amenities, and sustainable features. This strategic foray into plotted development demonstrates Arihant Superstructures' commitment to innovation and customer-centric offerings while catering to the evolving needs of discerning homebuyers. The project is set to positively impact the local economy and contribute to the overall growth of the real estate market.Read more

28 Jun 2023

Quorum Club Private Limited, in partnership with Devbhumi Realtors Pvt. Ltd. and Blackstone India Real Estate, has introduced DISTRICT 150 in Hyderabad. Spanning 35,000 sq ft in Marquee Knowledge City, this project aims to provide modern office spaces with a focus on work-life balance and hospitality amenities. DISTRICT 150 offers a range of facilities for meetings, events, entertainment, and creative experiences, including dedicated spaces for learning and development. Additionally, it features a progressive Indian restaurant and collaboration with a coffee, bakehouse, and chocolate brand, catering to the diverse preferences of professionals and promoting a new approach to work and life in Hyderabad.Read more

28 Jun 2023

The Department of Town and Country Planning (DTCP) has directed Chintels India, the developer of Chintels Paradiso society in Sector 109, to conduct another structural audit of tower A within 30 days. This decision comes after a recent report by IIT-Delhi highlighted signs of deterioration in the tower. The audit aims to assess the extent of corrosion and recommend rehabilitation measures to ensure resident safety. Chintels India must submit a compliance report and execute the recommendations outlined in the audit. Failure to comply may lead to legal action against the developer.Read more

28 Jun 2023

The directors and senior officials of Delhi-based Ansal Housing are facing a police inquiry for alleged investor fraud. Ansal's commercial project "Ansal Hub" in Sector 83, launched in 2010, is yet to be delivered despite investors paying up to 95% of the total amount by 2015. The police registered an FIR against 12 individuals from Ansal, including its directors and key sales team members, for criminal conspiracy, breach of trust, and cheating. This case emphasizes the need for more robust regulations and transparency in the real estate industry.Read more