#RealtyNewsRoundUp: Hand Over Flats In 3 Months Or Face Action, Yogi Tells Noida Builders
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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.
***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