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    Unsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report

    Unsold housing stocks in seven major cities have risen by 24 per cent since 2019, totaling about 4,68,000 units in March 2024. However, realty firms are expected to sell them 31 per cent faster due to high sales velocity, according to JLL India. The time to sell the active unsold inventory has decreased from 32 months in 2019 to just 22 months in Q1 2024, driven by a surge in housing demand.

    Delhi, Gurgaon, Noida, Ghaziabad Heatwave: IMD issues red alert, says no respite from severe heat till Wednesday, May 22

    Delhi-NCR faces an intense heatwave with temperatures surpassing 45°C in multiple areas, hitting a high of 46.8°C in Mungeshpur. The IMD issues a red alert, signaling no relief from the severe heat till May 22. Dry winds and lack of moisture exacerbate the conditions. Residents are urged to stay hydrated. Meanwhile, Delhi's air quality remains poor, with an AQI of 261.

    Faridabad Noida Ghaziabad Expressway: 30mins travel time, route, distance, IIT link

    When completed, the Faridabad Noida Ghaziabad Expressway will be a huge help to people who commute between Faridabad and Ghaziabad and Noida. In the Delhi-NCR Region, it is one of the most anticipated expressways. This expressway is currently under construction and will alter the area's urban landscape.

    Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida International Airport

    The dedicated ATF pipeline will span over 34 km, and will further extend by 1.2 km within the airport premises, Noida International Airport said. "Once operational, this pipeline will operate on a common/contract carrier basis, ensuring seamless fuel transportation to the airport," it said.

    Good news for Ghaziabad, Noida Extension residents: Rapid Rail plan finalised for Noida airport. Here are details about stations, route

    The NCR Transport Corporation has unveiled a comprehensive report for a 72.3km RRTS-cum-metro corridor linking Ghaziabad rapid rail station to Noida International Airport, slated for operation by April 2030. The corridor aims to significantly slash travel times, with journeys from Ghaziabad to the airport clocking in at just 37 minutes for fast service. Initial plans feature 22 stations, with the possibility of adding 13 more later.

    UP government issues guideline for revival of stuck projects

    The state government has said that builder taking benefit of the policy won’t be able to charge any amount from the buyer so that the benefit provided by the government reaches to the homebuyer. UP cabinet on Tuesday gave approval to recommendations of a committee chaired by former NITI Aayog chairman and India’s G20 Sherpa Amitabh Kant, which is expected to infuse new life into more than 200,000 stalled flats in Noida, Greater Noida, and the Yamuna Expressway region, said property developers and industry experts.

    The Economic Times
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