#RealtyNewsRoundup: Don't Hike Circle Rate in Noida, CREDAI Tells UP Govt
Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.
Developers’ body CREDAI has asked the Uttar Pradesh government not to raise circle rates in Noida. CREDAI thinks that circle rates in Noida are higher than the market value of real estate, and that if the government raises the circle rate further, market transactions may come to a halt. Read more.
Infrastructure growth in India was at a five-month low in May. The growth in India’s infrastructure output in May was only 2.8 per cent. Between 2015 May and 2016 May, however, the growth in India’s infrastructure output grew by 5.5 per cent. Read more.
The Bombay High Court has asked the Brihanmumbai Municipal Corporation to look into Bombay Stock Exchange’s occupancy certificate plea. The Bombay Stock Exchange had asked for an occupancy certificate for its Rotunda building in four months. Read more.
The Meerut Municipal Corporation has approved a Rs 1,536-crore proposal for the Smart City project. The project was approved in the Meerut Municipal Corporation board meeting recently. The state government had earlier approved the project, and now this will be presented before the Central government. Read more.