Category Archives: NCR

Two builders bid for group housing plot

The Noida Authority on Monday received two applications for one of the four group housing plots located in sectors 146 and 147 of the city. The technical bids for the plots were received on Monday, December 19. While the Authority will now evaluate the bids for technical qualifications, the financial bids will be finalised later… Read More »

Haryana to use ‘Swiss Challenge’ model to auction 3,000 acre land

Haryana government has decided to adopt Swiss Challenge method for auctioning 3,000 acres of land for a $10 billion industrial park proposed by the Chinese Wanda group. Swiss Challenge method is a new process of giving contracts. Any person with credentials can submit a development proposal to the government. That proposal will be made online… Read More »

Factory land split into plots, sold, notice to Delhi family

The 10-acre land, which supported a packaging plant that has been shut for five years now, is in Chauma, near Palam Vihar, and its market value is estimated to be around Rs 100 crore, a DTCP official said. Department officials said the family was in league with an MCG councillor who had contested the last… Read More »

HUDA collects Rs 50 crore from auction of Gurgaon residential plots

Not every property developer has been hurt by demonetisation. Haryana Urban Development Authourity (Huda), the government developer, is still managing to attract buyers for its properties. In the two auctions held after demonetisation, Huda has managed to collect around Rs 50 crore by selling residential properties in Gurgaon. Despite the real estate market collapsing in… Read More »

UP govt approves land use change of former SEZ

Uttar Pradesh government has cleared a proposal to change the land use of about 1000 hectares of land earmarked for a Special Economic Zone (SEZ) as per its Master Plan-2031, on the Noida-Greater Noida Expressway. The move comes more than two years after Noida Authority had sought the change. The said land is now proposed… Read More »

Cash-strapped Huda to auction residential plots

Cash-strapped Huda will, for the first time, abandon its policy of lucky draws to auction residential plots in the city and allot them to the highest bidder. The move is aimed at generating the maximum revenue possible for the authority that is reeling under a financial crisis and does not even have enough funds to… Read More »