Realty News Round-Up: FICCI & UMC Join Hands To Develop Udaipur As A Smart City

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

Top News

The Gautam Budh Nagar district administration will soon be issuing notices to residents who are illegally residing in the flats without getting them registered in Noida, the Times of India reported. The administration is considering imposing a hefty penalty - 10 times the registry fee - on violators. Read more

To develop Udaipur as a Smart City, the Federation of Indian Chambers of Commerce & Industry (FICCI) and Udaipur Municipal Corporation (UMC) have entered into an agreement, according to a ETRealty.com report. FICCI will jointly work with UMC and all other stakeholders such as industry experts, civil society to develop vision, goals and strategies. Read more 

Off the frontpage

Regarded as one of the most famous hotels in New York, ra Group-owned Plaza Hotel's attic penthouse has hit the market with an asking price of $50 million, according to a Pursuitist report. Located on the 20th floor, it is the only triplex residence at the renowned hotel. Read more

Non-banking financial company Altico Capital India has disbursed term loan worth Rs 45 crore to Guardian Developers, for its under-construction residential project at Kharadi in Pune. This is Altico Capital's first investment in Pune. Read more