Delhi One revived: Max Estates takes over stalled NCR project, eyes major real estate milestone with ultra-luxury development.

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Builder-buyer agreements must be registered after paying 10% of the property's worth, which concerns Noida and Greater Noida real estate developers. This requirement, they say, puts homeowners under a lot of financial pressure early on.

Godrej Properties Ltd. (GPL) won an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) and successfully acquired two prime luxury group housing plots in Gurugram with a winning offer of ₹515 crore.

The Supreme Court has granted permission to state-run NBCC (India) to generate an additional ₹15,000 crore by developing extra flats within the Amrapali projects. This move is intended to address the delivery of stalled homes to approximately 16,000 homebuyers, according to company executives.

Max Estates, the Max Group's real estate subsidiary, received Noida Authority clearance to manage the 'Delhi One' commercial project in Sector 16B. The business settled dues of ₹613 crore.

Godrej Properties and Sobha won three important land lots in a Greater Noida Authority auction. The auction saw strong participation, exceeding the reserve price of ₹738 crore with offers totalling ₹1,500 crore.

Savills India reports that luxury residential under-construction properties in Delhi, Noida, Gurugram, Bengaluru, and Mumbai rose up to 53% in the first half of 2024. Gurugram grew the most. These are the top five causes of this increase.