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IITL Projects stops building constructions in certain section of Greater Noida area

03 Jul 2012 Evaluate

IITL Projects has stopped the constructions of buildings in the certain section of Greater Noida area till the Master Plan 2021 is approved. The company has taken this step pursuant to Allahabad High Court order dated October 21, 2011 and letter dated May 28, 2012 from Greater Noida Industrial Development Authority (GNIDA) for the same.

Due to this, two of the company's projects namely 'Express Park View' and 'Express Park View I' has been impacted.

Further, the statutory committee of the NCR planning board has on June 28, 2012 approved the revised draft Master Plan and has recommended to the Planning Board.

Peers
Company Name CMP
Lodha Developers 1172.00
Dilip Buildcon 407.65
Sobha 1237.20
Oberoi Realty 1785.00
Ahluwalia Contract(I 590.65
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