Flats not delivered on time, years of litigation, mounting expenses for buyers who purchased flats in Jaypee’s housing projects, their dreams of a home have turned into a nightmare. While another firm was brought on board to take over construction, the finish line is far from close. What went wrong? Dheeraj Mishra finds out
Sources said Bokadia raised a demand to provide ‘Right of First Refusal (ROFR)’ to the successful bidder for the project’s next phase. ROFR is a contractual right giving its holder the option to transact with another contracting party before others can.
The aerotropolis project aims to create a thriving hub for residential and industrial purposes, centered around the airport. The aerotropolis will feature cutting-edge infrastructure, including innovation and technology hubs, commercial centers, logistics hubs, hospitality options, and recreational areas. The project will also include facilities such as hotels, service apartments, professional offices, biotechnology parks, research centers, and shopping malls.
YEIDA Roads: In a bid to prevent land encroachment and resolve disputes with villagers, the Yamuna Expressway Industrial Development Authority (YEIDA) has decided to conduct surveys with drones for all villages within its jurisdiction and construct peripheral roads around them.