#RealtyNewsRoundup: Greater Noida Properties To Soon Be Categorised
Description
The Greater Noida Industrial Authority (GNIDA) is all set to categorise properties based on location, population density and civic amenities. Land rates for a property in the city would be fixed based on the category it falls under.
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To effectively deal with the growing number of homebuyer complaints, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has opened a third Bench in Noida. According to the officials, over 25 complaints are filed and nearly 150 cases are taken up by the authority every day.
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The Securities Exchange Board of India (Sebi) has revised the minimum subscription limit for both real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). While REITs will have to offer units worth at least Rs 50,000, the minimum limit for InvITs is set at Rs 1 lakh.
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Canada has replaced the United States as a high-risk housing market, International Monetary Fund’s Global Financial Stability Report shows. A drop in household debt and falling property prices have lessened the risk in the US. However, in Canada, the rising influx of cash from foreign buyers has increased the risk in the country. Toronto and Vancouver are listed as the most overvalued markets in the country.
Source: Media reports