This uptrend is being fueled by renewed sales momentum in previously stalled housing projects, many of which are back on track thanks to strategic debt restructuring initiatives by asset reconstruction companies (ARCs).
PUNE: The proposed uniformity in maintenance charges, transfer of share procedures, and quorum requirements for redevelopment meetings were among the key concerned raised by housing societies over the draft rules framed under the Maharashtra Cooperative Societies Act, 1960, officials said. The draft rules, which have been pending since the Act was amended in 2019, were published on April 15, following which state govt invited feedback by May 15. The cooperation department received more than 300 objections and suggestions, an official told TOI on Saturday. Deepak Taware, cooperation commissioner and registrar of housing societies, said that all comments are being reviewed…
Representative Image NEW DELHI: Omaxe, through its subsidiaries, has acquired 260 acres of land for an integrated township—New Amritsar in Punjab. In the first phase, it is developing 127 acres with an investment of over ₹1,000 crore. “In the future, we also see the opportunity to expand this township through new land acquisitions,” said Mohit Goel, managing director of the company. In the first phase, the company is offering residential plots of 300 sq yards, 500 sq yards and 1,000 sq yards. The project will also include commercial spaces, school, among other amenities. The first phase is expected to be…
NOIDA: Greater Noida Industrial Development Authority (GNIDA) has unveiled a premium group housing plot scheme near the upcoming Noida International Airport, with the largest parcel commanding a reserve price of Rs 152 crore. The Authority has put three prime plots on the auction block through e-bidding — 18,215sqm in Sector Mu with a reserve price of Rs 97 crore, a 30,000sqm plot in Sigma III with a reserve price of Rs 152 crore, and a 3,999sqm land parcel in Alpha II with a base price of Rs 25 crore. Officials said these parcels were strategically located near the upcoming airport…