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Realty firm NeoLiv has sold 263 plots for over Rs 300 crore in its residential project in Kundli-Sonipat, Haryana. In a statement on Tuesday, Mumbai-based NeoLiv said it has sold all inventories in its first debut project 'NeoLiv Grand Park' at Kundli-Sonipat, Haryana, generating sales worth over Rs 300 crore. The project, spread across 19.46 acres, offered 263 plots for sale and had received 4 times interest. "The overwhelming response to NeoLiv Grand Park reaffirms buyers' preference to place their trust in professionally driven and fund-backed real estate developers with a deep understanding of consumer preference, meticulous planning and high focus on delivering high-quality products," Mohit Malhotra, Founder and CEO of NeoLiv, said. NeoLiv, founded by Malhotra (former MD and CEO of Godrej Properties) and industry experts in partnership with wealth management firm 360 ONE. All NeoLiv projects are backed by a SEBI-regulated AIF Fund, ensuring financial security and timely proje
Observing that urbanisation policies have flaws, the Supreme Court has said one of the main reasons for spurt in unauthorised constructions is the government's failure to provide people with affordable houses. Acknowledging that the right to have a roof over head is a fundamental right, the top court said there is a huge gap in the policies between the requirements of the economically weaker sections and what the government was doing at the ground level. The observations by a bench of Justices Sanjiv Khanna and Dipankar Datta came while hearing a case relating to demolition of commercial and residential units in Lucknow's Akbar Nagar where it imposed an interim stay on demolitions. "Let us be clear on housing. There's a difficulty. Our urbanisation policies have flaws. Really speaking, we have not provided for economically weaker sections. Somewhere, we will have to ensure Everyone knows that migration takes place to the cities. But there is a huge gap in the policies between the ..
Realty firm Tata Housing has sold plots worth Rs 650 crore in its recently launched residential project in Bengaluru. In a statement, the company on Friday said it has sold all inventories in the first phase of its project, Raagam, achieving revenue of over Rs 650 crore within one week of its launch. "With 576 plots sold and a total area of 9 lakh square feet, the project's overwhelming response reflects the robust demand for premium residential offerings in Bengaluru's real estate market," it said. The project is part of township 'Tata Carnatica' in Devanahalli, North Bengaluru. Tata Housing Development Company Ltd is a subsidiary of Tata Realty and Infrastructure Ltd. Tata Housing currently has more than 33 projects with a total development potential of over 51 million square feet spread across major cities in India, Sri Lanka and Maldives. Tata and Tata Housing are registered trademarks of Tata Sons Private Ltd.
The Delhi High Court on Thursday said coaching centres that have more than 20 students should move out of residential areas and operate from commercial spaces. A bench headed by Acting Chief Justice Manmohan, while hearing a petition filed by the Coaching Federation of India, observed that students "run the risk of their lives" at coaching centres operating from residential buildings that do not have the requite safety infrastructure, such as two staircases. "There must be hundreds of students attending your classes. You should not be in a residential building. Move to a commercial building," the court orally remarked. "You cannot operate from a residential area. Where students are more than 20, you must move out," the bench, also comprising Justice Manmeet P S Arora, said. The petitioner assailed before the court the inclusion of coaching centres in the definition of "educational buildings", thus requiring them to employ certain specific measures for fire safety etc. In February
Realty firm Godrej Properties Ltd on Friday said it has acquired around 109 acres of land parcel in Nagpur and will launch residential plots. In a regulatory filing, Godrej Properties informed that the development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million square feet. The company did not disclose the deal value and the name of the seller. Gaurav Pandey, MD and CEO of Godrej Properties said the acquisition of this new land parcel further enhances the company's presence in Nagpur. With the strong revival in housing demand post-Covid pandemic, Godrej Properties has been acquiring land parcels aggressively, outrightly as well as through partnerships with land owners, to expand its business. The demand for plots has also gained momentum. Godrej Properties, an arm of business conglomerate Godrej Industries, is one of the leading real estate developers in the country. It primarily focuses on the Delhi-NCR, Mu