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Industry Updates
Industry Updates

Industry Updates

Four plots pose new Dwarka Expressway hurdle
19 - Apr - 2018
Four plots pose new Dwarka Expressway hurdle

Preliminary investigation suggests that at least four GPA (general power of attorney) holders, whose properties were coming in the way of the expressway’s alignment, have been given alternative plots in Sector 110A by Huda

Don’t have land to start work on Dwarka expressway: NHAI
15 - Mar - 2018
Don’t have land to start work on Dwarka expressway: NHAI

Dwarka Expressway is running more than a decade behind schedule because of a series of legal cases. It was originally conceived by the Haryana government. NHAI took over the project only in 2017.

Gurgaon: NPR oustees meet Huda chief, demand compensation as pressure to vacate builds
12 - Mar - 2018
Gurgaon: NPR oustees meet Huda chief, demand compensation as pressure to vacate builds

Oustees demand compensation as per 2015 policy, better known as the final terms of settlement. It states that Huda will compensate all oustees—registry holders, and holders of general and special power of attorney (GPA/SPA). Huda, however, has failed to compensate GPA and SPA oustees, and the matter is pending in the high court.

Gurgaon Stay on plot allotment stalls Dwarka Expressway, Huda to go to SC
05 - Mar - 2018
Gurgaon Stay on plot allotment stalls Dwarka Expressway, Huda to go to SC

In March 2017, the high court had stayed the allotment of alternative plots to a group of oustees who had general power of attorney (GPA) and special power of attorney (SPA) for the land on which they had built houses.

Nearly 40 structures razed to clear way for Dwarka expressway
16 - Feb - 2018
Nearly 40 structures razed to clear way for Dwarka expressway

The road is almost complete in Gurgaon, except at Kherki Daula and New Palam Vihar, relocation of houses coming in the way of the road has delayed the project.

Dwarka expressway trips up again, land compensation is latest roadblock
11 - Jan - 2018
Dwarka expressway trips up again, land compensation is latest roadblock

The land owners are not willing to part with their plots for a compensation amount that is less than Rs 10 crore per acre, while Huda is not in a position to offer more than Rs 5 crore an acre.

Huda to clear 600 metre Kherki Daula stretch to link Dwarka e-way, NH8
07 - Jan - 2018
Huda to clear 600 metre Kherki Daula stretch to link Dwarka e-way, NH8

A section of Dwarka expressway was incomplete in Kherki Daula due to delay in removal of structures, which had obstructed the connection of the expressway with NH-8.

Final hurdle on Dwarka e-way off, to be ready by March 2018
13 - Dec - 2017
Final hurdle on Dwarka e-way off, to be ready by March 2018

This is good news for real estate companies that had invested over Rs 60,000 crore in residential and commercial projects along the 150-metre-wide roadway, but had been stymied by the reluctance of buyers due to lack of proper connectivity.

Dwarka Expressway: Home buyers at NHAI door for faster completion
25 - Sep - 2017
Dwarka Expressway: Home buyers at NHAI door for faster completion

NHAI also recently announced NCR’s longest-elevated corridor on the expressway

Dwarka Expressway: Land acquisition irregularities delay CPR project, yet no probe ordered
31 - Jul - 2017
Dwarka Expressway: Land acquisition irregularities delay CPR project, yet no probe ordered

Huda is now planning to acquire an additional eight acres to change the road’s alignment, which, being a complex process, may take several months and also increase the cost of the project.

Plots for Dwarka Expressway oustees soon to clear way for sector roads
14 - Jul - 2017
Plots for Dwarka Expressway oustees soon to clear way for sector roads

The sectors 91 to 115 are developed along the Dwarka expressway and a large number of residential and commercial projects are coming up in these areas

Govt plans elevated parallel highway to Delhi’s IGI Airport
13 - Apr - 2017
Govt plans elevated parallel highway to Delhi’s IGI Airport

The minister said the government will also construct a tunnel from Haryana side and connect it with the T3 international airport to reduce the frequent traffic jams

Sobha surges 6% intraday on low level buying; Should you buy?
13 - Apr - 2017
Sobha surges 6% intraday on low level buying; Should you buy?

On the BSE, 1.03 lakh shares were traded in the counter so far, compared with average daily volumes of 6.63 lakh shares in the past one quarter

Sobha’s property sales down 6% in FY 2016-17 at Rs 2000 crore
05 - Apr - 2017
Sobha’s property sales down 6% in FY 2016-17 at Rs 2000 crore

The company had achieved sales booking of Rs 2,145.80 crore in the 2015-16, Bengaluru-based Sobha Ltd said in its operational update filed on BSE

Dwarka Expressway, IMT Manesar connection in 2 weeks?
03 - Apr - 2017
Dwarka Expressway, IMT Manesar connection in 2 weeks?

The urban development authority had planned to connect Dwarka expressway with IMT Manesar via master roads of Sector 84, 85, 86, 87 and 88

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