Tag: Gurgaon Real Estate Update

HUDA issues notices to over 300 people related to multiple plot allotment scam

Haryana Urban Development Authority (HUDA) is likely to file FIR against more than 300 people in connection with multiple plot allotment scam and resume their plots. Notices have been issued all these people in Gurgaon giving them time to reply till December 3. After conducting an investigation HUDA has prepared a list of people who have taken multiple plots from authority under reserved category by giving false information. The investigation was conducted in pursuance of the Punjab and Haryana High Court direction to constitute special investigation teams in each district for conducting through and fair investigation in cases related to multiple plot allotment scam of Huda. HC had issued the direction while hearing a case related to multiple plot scam.

Housing demand at 4.2 million in top 8 cities in five years

Total demand for urban housing is estimated at 4.2 million units during the period 2016-2020 across the top eight cities, according to a report. Existing under-construction and planned supply of 1.0 million housing units by private developers is expected to be delivered across top eight cities during the said period, said the report released by Cushman & Wakefield and GRI. Delhi-NCR (NCT, Ghaziabad, Faridabad, Gurgaon and Noida) continues to garner the highest proportion of demand of 24 per cent at around 1 million units by the end of 2020, said the report titled “Revitalising Indian Real Estate:   A new era of growth & investment”.Image result for real estate future demand graphs india

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