#RealtyNewsRoundUp: Hand Over Flats In 3 Months Or Face Action, Yogi Tells Noida Builders
Description
The Uttar Pradesh government has directed developers to hand over 50,000 flats to buyers in next three months or face action. Chief Minister Yogi Adityanath has issued this directive at a meeting with developers and top administrators from the Noida and the Greater Noida Authority.
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In a move that might impact those who bought flats in the highrises located along the approach path of the Navi Mumbai International Airport, a public interest litigation has been filed about these structures in the Bombay High Court. All buildings within a 20-km radius of the proposed airport come under height curbs.
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In the wake of recent building collapses, the Maharashtra government has announced a new redevelopment policy for tenant-occupied dilapidated buildings in the suburbs and non-cessed tenant-occupied buildings. The existing policy is only for old cessed buildings.
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India's largest real estate company DLF has received the environment clearance for its Rs 240-crore commercial project at Patto village, Goa. The proposed commercial complex, to be constructed on an 18,120-square meter plot, would have eight small screen multiplexes for small gatherings.
Source: Media reports