Real Estate News Update for June 8
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RERA
The projects included Signature Global Prime, Micasa, Waterfall Residences, Signature Global Proxima 1, SS High Point, Signature Global City, Godrej Meridien Phase II and eminence Kimberly Suites which are situated along the southern and northern peripheral roads of Gurugram, RERA said in a statement.
Infrastructure
Expressing frustration and distress due to the persisting outages, locals said that despite eight years of occupancy as well as repeated complaints, the developer has failed to set up the 33kV substation.
Residential
NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) has said it will execute registry of plots in an NRI Township project off the expressway if buyers — who have been waiting for 13 years — paid for additional compensation for farmers and lease rent.
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Regulatory
NEW DELHI: A Delhi court on Friday granted bail to former Unitech directors Sanjay Chandra and Ajay Chandra in a money laundering case related to alleged cheating of several home buyers, saying the purpose of pre-trial detention can never be punitive.
Cement
The company, which had announced acquisition of the cement almost 18 month back, however, it still remains incomplete, because of the ongoing discussion between JAL's lenders and an arbitration with UltraTech.
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