#RealtyNewsRoundup: NGT Indicts 14 Highrises For Encroaching On Yamuna
Lack of funds has derailed Greater Noida airport plans. The Samajwadi Party government in UP, which is now in the process of electing its local legislature, cited lack of money to conduct an 'obstacle study' at the proposed airport site. An airport at Greater Noida’s Jewar, on the southeastern fringes of India’s capital, was first suggested 16 years ago.
A report submitted by NGT states that as many as 14 high-rise buildings and other constructions in Delhi were built by encroaching upon Yamuna floodplains. As per the report, 28 establishments along the river were inspected and 14 of them were found to be encroaching upon the eco-sensitive zone.
The Smart City Innovation Centre (SCIC), which is going to come up at PEC University of Technology, will start work by April 31. The three main aspects of this centre will be state-of-the-art innovation, setting up an urban observatory and making technology a part of the smart city in a manner that is people-friendly.
Homebuyers of Amrapali Dream Valley project have written to the Prime Minister’s Office seeking the impounding of the passport of Amrapali MD Anil Sharma. The buyers fear that Sharma may try to leave the country as the project is far from complete. Amrapali is one of top debtors owing money to Noida and Greater Noida authorities. Most of its projects are yet to be completed.