Real Estate Scam Worth Rs.3800 Cr Unearthed In Noida

Posted on January 2, 2013 by designer

Noida Authority has unearthed Real estate scam worth Rs.3800 Cr in Noida. The real estate scam occurred in 2011.

Real estate scam strikes Noida again.

Noida real estate is shocked as the Noida Authority unearthed a bigger real estate scam. The scam occurred while BSP was ruling the state. The BSP government had leased three lakh 81 thousand sq. m. land to three private companies and some individuals.

Noida Authority has already removed Nayab Tehsildar. Further, the authority has demanded the suspension of Noida’s additional district magistrate (land). Noida Authority is to file FIR against them. The investigation against them started soon after the BSP lost its reign. Real estate land scam took place in the year 2011.

Sources close to Noida Authority reveal that the scam involves three officials of higher grade. They are Harish Chandar, a PCS officer who was posted as secretary, Tahsildar Ajay Shrivastav and Nayab Tahsildar Manoj Kumar Singh. Continue reading →

Noida Authority Seized 90 Acres of Intruded Govt. Land

Posted on December 13, 2012 by designer

In a severe move against the land intruders, The Noida Authority freed nearly 90 acres of government land. The estimated real estate market value of this land falls around Rs.10,000 Cr.

Noida Authority seized back the intruded land.

Noida Authority seized back 90 acres of intruded prime real estate land.

Noida Authority on Thursday trampled nearly 90 acres of land from three major sectors in Noida. This act of the Noida Authority was seen as their move to toughen its attitude against land intruders.

The Authority further stated that it will pull down all illegal constructions in Noida. It warned the real estate builders who have illegal constructions. Continue reading →

Migrant Real Estate Laborers Are Exploited: Say Reports

Posted on December 3, 2012 by designer

Real estate is in high demand for construction laborers. Labor shortage in the real estate sector creates higher trouble to the real estate developers.

Real estate developers find it difficult to finish their projects on time without having sufficient laborers. The real estate sector has become the second best employment -provider in India after the Information Technology. However some reports say that a few real estate developers offers cash advances to the laborers for getting them on to the work site. Continue reading →

Allahabad HC Demand CBI Probe against Noida Authorities

Posted on November 10, 2012 by designer

Allahabad High court removed CEO and Chairman of Noida. The appointment of Chief executive officer Sanjeev Saran and Chairman Rakesh Bahadur IAS will stand cancelled. Both of them will have to surrender their positions.

CBI to investigate into Noida Authority Scam

CBI to investigate into Noida Authority Case. (Image source )

Mr. Sanjeev Saran and Mr. Rakesh Bahadur were appointed sooner than the Samajwadi Party rose to power in U.P. Mr. Bahadur was earlier the chairman of Greater Noida and Yamuna Expressway Authorities.

The duo had been alleged of allotting lands to the real estate sharks. Nearly 14 plots of real estate land were allotted at comparatively very lower price. This act caused the state government a loss of Rs. 4,700-crore. Continue reading →

Real Estate Hyderabad to Get 75-Crore Township by PRIL

Posted on November 10, 2012 by designer

Patel Realty India Limited (PRIL), a subsidiary firm of Patel Engineering, is all set to invest 75-Crore in two real estate townships in Hyderabad.

Hyderabad Real Estate to Get Smondo From Patel Group

Hyderabad Real Estate to Get Luxury Oriented Smondo From Patel Group (Image Source )

Mumbai-based Patel Engineering Limited plans to invest 75-Crore in two real estate township projects in Hyderabad. The Mumbai-based construction firm is specialized in hydropower generation and irrigation. Continue reading →

SRK Gets New Endorsement from Real Estate Firm

Posted on November 8, 2012 by designer

Shahrukh Khan –widely known as SRK got a new endorsement from Mahagun an NCR based real estate developer group.

SRK Gets New Endorsement from Real Estate Firm

Badshah of Bollywood Gets New Endorsement from Real Estate Firm (Image Sr.- flicker)

Endorsements always act as Extra Avenue of income for most of the Bollywood stars other than acting in films. Most of these endorsement deals bring a huge amount into their bank accounts. The rate of amount varies according to the rating of the star. Normally bigger stars get bigger amounts and it comes down in the order of hierarchy.

Latest of all Bollywood star endorsements is the SRK’s endorsement with an NCR based real estate developers Mahagun. Continue reading →

Real Estate Indirectly Supports Illegal Sand Mining in Noida

Posted on November 8, 2012 by designer

Sand being one of the essential elements which determine the overall cost of production is illegally mined at higher level. Real estate constructions in Noida now depend highly on this illegal sand mining .

Illegal Sand Mining in India causes environment troubles.

High pace developments taking place in the real estate industry causes high level land looting and illegal sand mining in Noida. Illegally mined sand is carried on to the construction sites on tractors. This has become a very common sight these days in Noida and Noida Extension. Continue reading →

Noida Real Estate Relaxes As Farmers Call Off Strike

Posted on October 24, 2012 by designer

Noida real estate builders can now resume their halted work as farmers call off strike.

Farmers’ Plea Authority Hears

Noida real estate builders had a deep breath as the Noida farmers have called off their strike. Earlier farmers had blocked the construction of many residential projects in Noida and Noida Extension. Continue reading →

Noida to Receive 300 M. Tall Brys Residential Tower

Posted on October 24, 2012 by designer

Brys Group announced their plan to begin the construction of 300 m. tall Brys Tower Noida in January 2013.

Noida real estate gets another tall residential project with the launch of Brys Tower. This is an indication to the growing land deficiency in Noida.

Brys Tower Noida

Brys Group one of the leading Delhi-based real estate developers, announced their plan to launch a residential tower of 300 meter in Noida. This can be considered as a sign of growth of Noida real estate. Noida real estate is now faces shortage of land for bigger residential projects. Launch of Brys Tower announces the arrival of new Noida residential projects with another standard. Continue reading →

Allahabad H.C. Stays Some Noida Real Estate Projects

Posted on October 15, 2012 by designer

Halted Noida Real Estate

Noida real estate construction particularly some residential projects, received a stay from the Allahabad high court. Considering the petition of over fifty farmers from Sarfabad village, a neighboring village of Noida Allahabad high court gave the verdict. As per the stay residential projects which spread over six hectares of land in Noida Sectors 120 and 75 will be standing still. Continue reading →

Noida Turns Out to Be Investors’ Paradise

Posted on September 20, 2012 by designer

Noida seems to be affordable only for the elite group and the millionaires, why so? Why the realty developers construct more luxurious homes? How the normal people are affected? An analysis is done here. Growth is good in all the ways. But the growth should never be concentrated on a particular class or section of the people. It must include all the sections. The upcoming projects in Noida show that the city has become a hub for the rich and wealthy class. Noida, the hotspot of realty firms, has emerged as a “Millionaire Diva”. Continue reading →

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