UP Scraps Noida Land Allotment to M3M
The Uttar Pradesh government has revoked the allotment of two land parcels in Noida to the M3M Group, citing undisclosed reasons. This decision underscores the government's commitment to transparency and accountability in land allocation processes.
The cancellation of land allotment reflects the government's effort to ensure fairness in real estate transactions. It signals a commitment to address concerns related to irregularities and maintain integrity in land management practices.
This development is significant in the context of ongoing scrutiny of real estate transactions a..
Rs.681 Million Allocated for Sector 10 Land Acquisition
The Uttar Pradesh government has announced the allocation of a staggering Rs.681 million for the acquisition of land in Sector 10, Noida. This significant investment underscores the state's commitment to infrastructure development and urban expansion in the region. The move aims to facilitate the development of vital infrastructure projects and enhance the overall socio-economic landscape of Noida.
The funds have been earmarked for the acquisition of land parcels in Sector 10, a prime area in Noida known for its strategic location and potential for development. This allocation sign..
YEIDA reveals Rs 100 billion budget
The Yamuna Expressway Industrial Development Authority (YEIDA) announced on March 12 that they had allocated nearly Rs 100 billion for the fiscal year 2024-25. It was disclosed that Rs 7 billion had been earmarked for the expansion of the Noida Airport, and Rs 3 billion had been allocated for rapid rail connectivity.
According to officials, 80 percent of the total budget would be dedicated to land acquisition. YEIDA's plan entails the establishment of manufacturing clusters catering to electric vehicles (EVs), semiconductors, Data Parks, and other specialized industries.
YEID..
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..