Real Estate News Update for January 24

Welcome to the latest edition of ETRealty's daily newsletter, RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate.

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Regulatory

Ghaziabad: NGT directs Nipun Builders & Developers not to continue with its group housing project

NEW DELHI: The National Green Tribunal has directed a relator in Ghaziabad to not proceed with its group housing project as it was not complying with the environmental norms.

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Industry

Seven builders in Noida agree to pay 25% dues as part of new policy to revive stuck projects

Seven developers in Noida have agreed to pay 25% of the total dues to the authority paving pay for the registry of flat for over 1,000 homebuyers.

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Industry

Kolte-Patil acquires two society re-development projects in Mumbai

NEW DELHI: Kolte-Patil Developers has signed two new society re-development projects in the western suburbs of Mumbai with total saleable area of ~3.06 lakh sq ft translating into top-line potential of about Rs 545 crore.

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Industry

Puravankara posts net profit of Rs 77.79 crore in Q3 FY24

NEW DELHI: Puravankara has reported a growth of 244.97 per cent in its net consolidated profit during the quarter ended December 30, 2023. Its profit after tax stood at Rs 77.79 crore in Q3 FY24 as against Rs 22.55 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

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Industry

Jamshyd Godrej resigns as non-executive director of Godrej Properties

NEW DELHI: Realty firm Godrej Properties on Tuesday said that Jamshyd Godrej has resigned as the non-executive director with effect from January 24, having attained the age of 75 years. The effective date of resignation is January 24.

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