real estate news
CAG Report Exposes Major Irregularities in Greater Noida Land Allotments
The Comptroller and Auditor General (CAG) has uncovered significant irregularities in the Greater Noida Authority’s land allotments, resulting in an estimated loss of ₹3,600 crore. The report highlights issues in both industrial and Sports City project allotments.
Real Estate
CAG Exposes Irregularities in Greater Noida Land Allotments: ₹3,600-Cr Loss
The Comptroller and Auditor General (CAG) has identified significant irregularities in the Greater Noida Authority’s land allotment processes, resulting in an estimated loss of over ₹3,600 crore.
Real Estate Mumbai
MMRDA Allocates 2.1-Acre Land in Mumbai’s BKC to Schloss Bangalore for Rs 1,302 Crore
The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated a prime 2.1-acre land parcel in the Bandra-Kurla Complex (BKC) to Schloss Bangalore, a company backed by Brookfield Asset Management, for Rs 1,302 crore. The land will be used for a mixed-use project, including a 250-key luxury hotel.
Real Estate Mumbai
CIDCO Revokes Allotment of 16 Navi Mumbai Plots Worth ₹2000 Crore: 5 Key Reasons
Mumbai Real Estate Update: The CIDCO, the special planning authority for Navi Mumbai, has cancelled the allotment of 16 plots due to several critical issues, impacting the real estate market significantly.
real estate news
Noida Authority Hikes Land Allotment Prices by 6% to Boost Revenue
The Noida Authority has increased land allotment prices by 6% for the financial year 2024-25, impacting group housing, institutional, and industrial sectors. Get the latest real estate news and updates.