*HC order on Gurgaon land may hit Rs 100bn investment: *Over 15 residential projects, mostly under construction, are likely to be affected after the Punjab and Haryana High Court on Friday quashed a 2009 Haryana government notification acquiring 1,400 acres in eight villages around Gurgaon in sectors 58 to 63. It is learnt that a total of Rs 80‐100bn worth of investment of buyers as well as developers will be hit following the order.
*Haryana barred from issuing land‐use licences in NCR: *The Punjab and Haryana high court on January 23 directed the Haryana government not to issue any change of land use (CLU) licence to developers to build colonies in Gurgaon and the National Capital Region till the NCR Planning Board approves a sub‐regional plan. The high court also restrained authorities from initiating any process for acquisition of land in these regions till further orders. *Unitech to sell two hotels near Delhi, land parcels in southern cities*: Unitech has put two hotels near Delhi and some land parcels in southern cities on the block as it seeks to raise Rs8‐9bn to pare debt. The hotels put for sale are the 200‐room Country Inn and Suites in Gurgaon and the 250‐room Marriott in Noida. While the Gurgaon hotel is operational, finishing work is on at the Noida property. The two properties are likely to fetch the company Rs5‐6bn. -- -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no gurantee for the genuineness of the same." --- You received this message because you are subscribed to the Google Groups "TEAM STOCKRESEARCHERS" group. To unsubscribe from this group and stop receiving emails from it, send an email to stockresearcher+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
