#RealtyNewsRoundup: Noida Set To Increase Land Allotment Rates Up To 15 Per Cent

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

The Noida Authority is set to announce a rise in land allotment rates by about 10 to 15 per cent across all categories of land use, other than commercial. Read more

Despite Chief Minister Manohar Lal Khattar giving an approval for the transfer of private sectors in Gurgaon to city municipal corporation for maintenance, the civic body has yet to start the process, say residents of DLF phrases.

Meanwhile, Town and Country Planning Department's Principal Secretary P Raghavendra Rao has asked the body to hold a meeting with the stakeholders on June 15 and speed up the takeover process. Read more

To recover dues from trouble-hit business conglomerate Sahara, the Securities and Exchange Board of India (Sebi) will sell 16 land parcels of the group at a reserve price of about Rs 1,900 crore through an e-auction next month. Read more

Real estate major Unitech's sales bookings increased 16 per cent to Rs 963 crore last financial year on higher realisation from non-residential segment. The company sold properties worth Rs 828 crore in the financial year 2014-15. In terms of location, Gurgaon contributed 53 per cent to the total sales bookings, followed by Noida and Greater Noida at 35 per cent. Read more