News on Real Estate Delhi, Gurgon, Noida, Greno West

Builders against seeking floor-wise plan clearance in Noida Abhishek Anand, Hindustan Times, Nodia  |   Updated: Jul 09, 2016 23:47 IST According to the Confederation of real estate developers’ association of India, taking floor-wise clearance will delay construction, which will in turn delay handover to homebuyers. (HT File) The Confederation of real estate developers’ association of India (Credai) is opposing the Greater Noida authority’s decision to have builders get floor-wise clearance for construction plans by a team from Indian Institute of Technology (IIT), Delhi. At a recent board meeting, Credai members discussed the issue and said that such orders will delay construction, eventually leading to delay in possession of flats. Possession of a number of residential units in Greater Noida has already been delayed. The builders said they are trying not to delay possessions further. “The authority has its own employees to check constr...

PUNE: The Kondhwa police on Saturday booked two Mumbai-based builders and their nine associtates for allegedly taking money from home buyers but failing to hand over apartments within a stipulated time frame. The builders have been booked under relevant sections of Maharashstra Ownership Flats (Regulation of the promotion of construction, sale, management and transfer) Act and Maharashtra Regional Town Planning Act and Maharashtra Apartment Ownership Rules and the cheating and forgery sections of the Indian Penal Code. This was the second offence registered against builders under MOFA. Recently, the Pune rural police booked Dehu Road-based builders for not executing a conveyance deed for flat owners at a housing complex in Dehu Road. Mahavir Pawar, a resident of Balajinagar, who has yet to get the possession of his flat in the housing complex constructed by the builders in Tilekagarnagar in Kondhwa, has lodged the police complaint. Pawar told TOI it was not an easy task to lod...