#RealtyNewsRoundup: Decision On Handing Over Of Centaur Hotel For Airport Expansion Deferred

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The civil aviation ministry has deferred a decision on handing over of the Centaur Hotel land to Delhi International Airport Limited (DIAL) for airport expansion till next year. The ministry decision comes after state carrier Air India raised an objection over the matter. The Centaur in Delhi is one of two hotels operated by Hotel Corporation of India (HCI), a wholly-owned subsidiary of Air India. 

The urban development ministry has formulated a national policy framework for transit-oriented development (TOD), which promotes living close to mass urban transit corridors like the Metros, monorail and bus rapid transit (BRT) corridors. The Centre is also holding a workshop on February 28 to brief the states and Union Territories (UTs) on the National Transit-Oriented Development Policy.

Realty developer Xrbia Developers is on its way to reach a target of $1 billion in sales by the end of 2017, the company has said in a release. Having sold 6,776 houses in the past three months, Xrbia is aiming to launch 24 projects in this fiscal, amounting to 50,000 houses worth Rs 10,000 crore.

The Supreme Court has directed real estate company Unitech to furnish a list of cases pending against it in various consumer forums and the amount involved in these matters.

Tags: transit oriented development, Video, Unitech, Union Urban Development Ministry, propguide

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