Housing Project In Noida
Noida's Supertech twin towers to be demolished on August 28; here's a recap
As the twin tower's demolition date nears, here is a recap of what transpired and the latest developments in the case
 "Noida's Supertech twin towers to be demolished on August 28; here's a recap")
UP RERA summons promoters of 22 projects in NCR over possession delay
Under Section 63 of the RERA Act, if the replies are deemed to be inappropriate then penalty of 5 per cent of the total project cost will be levied on them
 "UP RERA summons promoters of 22 projects in NCR over possession delay")
Relief in sight for 50,000 flat buyers living 'illegally' in Noida
The move will also help the government recover up to Rs 13 billion in stamp duty
 "Relief in sight for 50,000 flat buyers living 'illegally' in Noida")
Realty firm Supertech raises Rs 350-cr from L&T Finance for Noida project
Realty firm Supertech has raised Rs 350 crore from L&T Finance to fund an ongoing housing project in Greater Noida. The Noida-based firm also plans to launch next month a sports-centric housing project in Noida Extension (Greater Noida - West) where it would develop over 4,500 flats/villas at a cost of Rs 1,100 crore. "We have raised Rs 350 crore from L&T Finance for our Eco Village-I project at Noida Extension," Supertech Managing Director Mohit Arora told PTI. The company is developing 7,500 flats in this project, he added. Supertech Chairman R K Arora said the money raised is in the form of debt. The company has already delivered 2,000 flats in the Eco Village-I project and the funds will be utilised towards completing the remaining 5,500 apartments, he added. In view of the slowdown in the property market, real estate developers are raising funds from private equity players and other financial institutions to complete their projects. Supertech has two more ...
