Noida
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‘Leasing Guarantee’ Trap Hurting Commercial Real Estate Investors
Imagine this: Someone approaches you to lease your property with the intent to sub-let. The person wants a 9-year lease with a fixed lease for the first 3 years. For the rest tenure, your rental is linked to the lease rent paid by the sub-tenants which your tenant will control. The tenant will have no
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Urban Expansion: UP Developing Five New Townships Near Noida
As the local real estate and economy witnesses a huge boost from the upcoming Noida International Airport, set to open in 2025, the Uttar Pradesh government plans to develop several urban townships. The Uttar Pradesh government will develop five new cities across 56,000 hectares of land to the east of Noida. These new townships are
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Noida Authority Makes Tripartite Sale Agreement Mandatory to Protect Apartment Buyers
The Noida Authority has made an important change to protect homebuyers. It now requires a tripartite sale agreement to be signed between the buyer, developer, and the Noida Authority for sale of apartments in under-construction projects. This agreement must be registered as soon as the buyer pays 10% of the property cost to the developer.