The transaction is the latest in a string of notable land deals in the NCR. The sale deed was executed on December 22, 2023 and the company paid Rs 6.07 crore as stamp duty for the 5.78-acre plot and Rs 2.45 crore stamp duty for the 2.06-acre land parcel, documents showed.
The directions came after the regulator witnessed that many of the promoters were not filing the QPRs of their projects in time and some of them filed the subsequent QPRs without filing the pending ones.
As one of the key Budget 2024 expectation, developers also want some provisions made to reduce the interest rates on project finance and that construction materials be clubbed in a lower bracket of the goods and services tax (GST).