#RealtyNewsRoundUp: Noida Authority Fines 11 Errant Developers

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

Taking strong action against 11 errant developers, the Noida Authority has imposed a fine of Rs 50,000 on each. These developers have been violating construction norms of the National Green Tribunal. Read more

Tata Housing plans to enter the Noida real estate market. The real estate major is in discussions with four local developers, including Lotus Greens and Logix Group, to form a joint venture, according to a PTI report. Read more

Off the frontpage

The police have arrested RRB Housing Company Limited Managing Director and his son in a Rs 300-crore fraud case, according to The Times of India report. These people had promised investors to build them apartments in Tiruvallur near Chennai. Read more

Realty firm SARE Homes has said that it would offer a 10 per cent guaranteed annual return till possession relating to its two housing projects in Gurgaon and Chennai. With this move, the company aims to give a boost to its sales. Read more