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Realty firm Gaurs Group will invest about Rs 750 crore to develop a luxury housing project in Greater Noida to expand its business amid strong demand for residential properties. Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said the company will develop around 250 units in this new housing project. "We will soon be launching a new housing project in Greater Noida. The project will have 12 lakh square feet of developable area," he told PTI. Asked about project cost, Gaur said it will be around Rs 750 crore, including land and construction costs. The company had bought this land located at Jaypee Greens in Greater Noida from banks. Gaurs Group is already developing one project at the same location. Gaur, who is also Chairman of realtors' apex body CREDAI, said the demand in Noida and Greater Noida remains strong, and there is a lack of adequate supply. Last month, Gaurs Group said it would develop a 17-acre commercial project in Noida with an investment of Rs 4,000 cr

Project's estimated booking value is about Rs 1,300 crore

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An earthquake in a remote region of Papua New Guinea killed four people and destroyed more than 300 homes, local media reported, as disaster relief officials worked to further assess damage Tuesday. The magnitude 7.0 earthquake struck in a remote region early Monday, causing deep fissures in the land near the epicenter at Chambri Lake in the northern part of the Pacific nation. The region is marked by swamps and people tend to live subsistence lives hunting and fishing, Mathew Moihoi, the acting assistant director of the Port Moresby Geophysical Observatory, told The Associated Press. Because of the region's remoteness and patchy communications, it could take several days to figure out the extent of the damage, he said. Citing local officials, the Papua New Guinea Post-Courier newspaper reported four people had died and at least 17 more people were injured after the quake caused damage in 23 villages around the epicenter Moihoi said he'd heard reports of the four deaths although hi

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At the same time, 67% of respondents pruned spending in other areas to pay for higher edible oil prices

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