Author: Sharad Natani
In a significant relief for homebuyers facing long project delays, the National Consumer Disputes Redressal Commission (NCDRC) has directed real estate developer Vatika Ltd to refund ₹1.21 crore to a Gurgaon plot buyer, along with 12% annual interest. The order comes after the developer failed to hand over possession of the residential plot even seven years after the promised deadline. Possession Due in 2018, Never Delivered According to the indemnity-cum-undertaking agreement between the buyer and the developer, the plot was scheduled to be handed over by August 2018. However, the possession was not delivered within the stipulated timeline, prompting the…
Haryana’s ambitious Global City project on the Dwarka Expressway is set to redefine the skyline of the National Capital Region, with plans to construct what could become India’s tallest building as its centerpiece. Officials say the proposed skyscraper is intended to position the development as a globally recognised destination for finance, innovation, and modern urban living. However, the project remains in the planning stage, with the Request for Proposal (RFP) issued but no bidder finalised yet. Consultancy support for the project is also under consideration, and authorities emphasise that execution will proceed in a phased and structured manner. A Vision…
In a large-scale enforcement action aimed at improving mobility and public safety, the Noida Authority carried out an extensive anti-encroachment drive across multiple sectors, removing illegal stalls, kiosks, and temporary structures from roads and sidewalks. Teams from work circles 1 to 10 covered several areas, including Sectors 10, 44, 57, 69, and 72, along with Bhangel, Phase-2, and the Hosiery Complex. The operation focused on reclaiming public land that had been occupied by unauthorised vendors and makeshift shops. Footpaths Reopened for Pedestrians Officials said the drive was launched after receiving numerous complaints from residents, RWAs, and industry groups about blocked…
In an extraordinary display of endurance and determination, Noida-based entrepreneur Atul Laddha has successfully scaled Mount Aconcagua — the highest peak in South America — at the age of 59. Standing at 6,961 metres (22,838 feet), Aconcagua is the tallest mountain outside the Himalayas and one of the coveted Seven Summits, representing the highest peak on each continent. Reaching its summit is considered one of the toughest high-altitude achievements, requiring climbers to withstand sub-zero temperatures, powerful winds, low oxygen levels, and extreme physical strain. Laddha unfurled the Indian tricolour at the summit, marking a proud moment not only for himself…
Uttar Pradesh is increasingly emerging as a hub of entrepreneurship, and at the forefront of this transformation stands Hitesh Oberoi — the co-promoter and CEO of Info Edge India Ltd — widely regarded as Noida’s richest man. With an estimated net worth of around ₹7,600 crore, Oberoi has built a digital ecosystem that touches the lives of millions of Indians daily. An alumnus of IIT Delhi and IIM Bangalore, Oberoi represents the classic blend of technical expertise and business acumen. His leadership at Info Edge has transformed the company into one of India’s most influential internet firms, shaping how people…
A landmark development in Uttar Pradesh’s industrial journey is set to unfold as the state’s first semiconductor park will be inaugurated in Jewar’s Sector-28 in Yamuna City. The foundation ceremony marks a major step toward positioning the region as a global electronics manufacturing centre. Prime Minister Narendra Modi will join the event virtually, while Uttar Pradesh Chief Minister Yogi Adityanath and Union Minister for Electronics and IT Ashwini Vaishnaw will attend in person to lay the foundation stone of the ambitious project. Joint Venture Between Foxconn and HCL The semiconductor park will be developed through a collaboration between global electronics…