DDA fast tracks Sanjay Lake View Complex project – ET RealEstate

NEW DELHI: Delhi Development Authority has put its ambitious Sanjay Lake View Complex project, which was on the backburner for the past few years, on the fast track. The project will have highrise apartments with uninterrupted view of the huge waterbody in east Delhi, apart from commercial units like hotels and lakefront plazas, promenades and […]

Lucknow’s Gomti Nagar railway station new design approved: RLDA – ET RealEstate

NEW DELHI: The Gomti Nagar Railway Station, which is being reconstructed by the Rail Land Development Authority (RLDA), will soon be a reality as its design has been approved by the Indian Institute of Technology-Delhi (IIT-Delhi) with RERA registration. The RLDA is working on the reconstruction of the Gomti Nagar Railway Station in Lucknow in […]

NBCC to raise Rs 300 crore from auction of 4.5 lakh sq ft commercial space in Lucknow – ET RealEstate

NEW DELHI: State-run NBCC (India) Ltd is expected to raise Rs300 crore from a proposed auction of 453,000 sq ft of commercial space to support the redevelopment of Gomti Nagar Railway Station in Lucknow. The project will also offer residential development of 8.5 acre, which will be leased out by Rail Land Development Authority (RLDA). […]

By October, NBCC to start work on all 19 Amrapali projects – ET RealEstate

NOIDA: The government-backed National Buildings Construction Corporation (NBCC) said on Sunday it had doubled its workforce from 6,000 to 12,000 to expedite the completion of 19 pending Amrapali projects. While work on 17 projects is underway, one more was handed over to a construction company last week. The last one is expected to be handed […]

NBCC informs SC about completion of 230 units in Amrapali project – ET RealEstate

NEW DELHI: The NBCC informed the Supreme Court on Monday that it has completed construction work on 230 units and handed them over to the court-appointed receiver for the Amrapali housing project. During the hearing, the NBCC informed a bench comprising Justices U U Lalit and Ashok Bhushan that it has completed work on 230 […]

SC asks SBI Capital to fund six Amrapali Group housing projects – ET RealEstate

NEW DELHI: The Supreme Court on Tuesday asked SBI Capital (SBI CAP) to begin funding for six housing projects of the Amrapali Group, after it informed the top court that so far, it has found only these six to be viable. A bench of Justices Arun Mishra and U.U. Lalit directed SBI CAP to begin […]

Amrapali home buyers told to pay service tax with dues – ET RealEstate

NOIDA: Amrapali buyers have been asked to pay their dues to NBCC, along with 3.75% service tax, which was abolished with the rollout of GST in July 2017. This has been announced by Supreme Court-appointed court receiver R Venkatramani, days after the state-owned construction company said that it will try to hand over 150-200 flats […]

NBCC to hand over 200 Amrapali flats a month from August – ET RealEstate

NOIDA: In a huge relief to Amrapali buyers awaiting homes for over 10 years now, state-owned NBCC has said it will try to hand over at least 150-200 flats every month from August, instead of waiting for entire towers to get completed. Executive director of NBCC, Raman Agarwal, told TOI that the company had handed […]

Noida: Jaypee Wish Town buyers left in lurch as construction gets stalled – ET RealEstate

NOIDA: Thousands of Jaypee Wish Town homebuyers are at their wits’ end as no construction work has taken place at the project site in the past 5-6 months. This, despite the National Company Law Appellate Tribunal (NCLAT) giving conditional approval to the state-owned NBCC to complete the pending 20,000 Wish Town flats in April. A […]