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01 Apr 2025
Authorities in Gautam Budh Nagar have proposed a circle rate hike ranging from 20% to 70%, a move that could significantly impact homebuyers and property investors. If approved, this increase will raise the minimum property valuation for stamp duty calculations, making real estate transactions more expensive. Higher circle rates could also influence market prices, affecting affordability in Noida, Greater Noida, and surrounding areas. The proposal is currently under review, with stakeholders expressing concerns over its potential impact on housing demand and investment in the region. Experts predict that this move may impact demand, especially for affordable housing projects.
31 Mar 2025
The Uttar Pradesh government plans to raise Noida's circle rates by 20% in the upcoming fiscal year, marking the first adjustment since 2016. Circle rates, which are the minimum property values set for registration and stamp duty calculations, have remained unchanged for nine years despite significant property price increases in Noida and Greater Noida. The proposed hike aims to align official valuations with current market rates. Additionally, properties in Jewar are expected to see a 70% increase in circle rates, influenced by the anticipated opening of the Noida International Airport in May. The district administration has released a draft valuation list and is accepting feedback until April 5. If implemented, these adjustments will impact various property categories, including residential, group housing, industrial, IT/ITES, and commercial plots.
28 Mar 2025
Noida International Airport is expected to begin domestic operations in June, with stakeholders aiming to complete internal construction of the terminal's domestic section by mid-to-late May. Regulatory clearances are anticipated between May 15 and 25, after which trial operations will commence, requiring an additional two to three weeks for full functionality. While over 90% of construction work is complete, the international wing of the terminal is set to be operational only by June 25, 2025. Authorities will conduct security inspections before granting approvals. Meanwhile, the Air Traffic Control (ATC) tower is scheduled to be functional by mid-April, facilitating smoother coordination.
25 Mar 2025
The Noida Authority has announced strict action against residential plot allottees who have failed to begin construction or clear dues, warning of cancellation of allotments. A recent review by Noida CEO Lokesh M. revealed several plots in Sectors 51 and 151 with overdue payments totaling over INR 8 crore, with the largest single default exceeding INR 3.5 crore. Despite multiple notices since February, no action has been taken by the defaulters. The Authority will proceed with cancellations as per lease agreements and building regulations and continue issuing demand notices to ensure land is used as intended and dues are recovered.
25 Mar 2025
The RG Luxury Homes project in Greater Noida West is set to hand over possession to 600 homebuyers who have been waiting for six years. The developer has secured occupancy certificates for three additional towers under the National Company Law Tribunal's (NCLT) reverse insolvency process, bringing the total to seven towers cleared for possession. The project, which was stalled in 2016 due to financial troubles, is the first in Gautam Buddh Nagar to achieve this milestone under this insolvency route. With only two towers left under construction, RG Group is steadily moving toward completing the first phase of the long-delayed project.Read more
25 Mar 2025
Supertech Ltd. was ordered by the National Company Law Appellate Tribunal (NCLAT) to hand over management of the common areas of its Supernova project in Noida to the registered Apartment Owners Association in a historic decision. Despite only 27% of units having received occupancy certificates, NCLAT clarified that once an association is registered, it is entitled to take over management, even if the project is incomplete. This decision empowers homebuyers of insolvent real estate projects to gain control of their societies sooner, bypassing developers' resistance.
24 Mar 2025
The Uttar Pradesh government has confirmed that Noida International Airport will begin domestic operations from May 15, 2025, with international flights to follow by June 25, 2025. Originally set to open in September 2024, the project faced delays due to construction setbacks, prompting the state to impose a INR 10 lakh per day penalty on the concessionaire. The airport is expected to transform the region, driving real estate growth and economic activity, similar to major airports in Hyderabad and Bengaluru. Plans for enhanced connectivity with Delhi, including air-conditioned electric buses, will further bolster its impact on regional development.Read more
18 Mar 2025
Danish multinational Topsoe has moved its India operations from Faridabad to Noida, leasing 75,000 sq. ft. at DLF Tech Park. This shift aligns with a trend of corporations relocating to Noida, driven by the upcoming Jewar Airport, set to open by May 2025. Improved connectivity and rising property values-up by 20-30% in Greater Noida and along the Yamuna Expressway-are fueling commercial expansion. YEIDA has also received proposals for specialized hubs near the airport, reinforcing Noida's position as a strategic business hub attracting global companies.Read more
14 Mar 2025
The Supreme Court has ordered that no coercive action be taken against Lotus Greens in connection with alleged irregularities in its Noida real estate project. This directive follows the developer's challenge against an earlier ruling by the Allahabad High Court, which had called for a CBI investigation into violations related to the Sports City project in Noida's Sector 150. The high court had also instructed the Noida authority to recover outstanding dues from all stakeholders and consider fresh bids in case of cancelled allotments. Lotus Greens expressed confidence in the apex court's intervention, hoping for a fair resolution for consortium partners and homebuyers.Read more
11 Mar 2025
The Noida Authority has issued notices to developers involved in the Sports City projects, instructing them to clear all outstanding dues within a month in line with the Allahabad High Court's recent directives. The dues include pending premiums, interest on premiums, penalty interest, lease rent, the 64.7% additional compensation amount, and time extension fees. Developers failing to comply within the stipulated timeframe will face further legal action. The court has also barred developers from creating third-party rights through bookings until they complete the sports facilities as per the original project plan. Furthermore, original lessees and sub-lease holders are prohibited from selling land or altering shareholding structures until the completion of the first phase of sports facilities.Read more
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07 Mar 2025
Bhutani Infra has taken control of the first phase of Bhutani Bayview International Film City in Noida, a 230-acre project with an investment of INR 1,510 crore. With state-of-the-art production facilities, a dedicated film university, and convenient access to Noida International Airport, the plan aims to make Noida a global hub for filmmaking. A distinctive 250-acre emblem visible from space will emphasize India's cinematic identity, while the initiative corresponds with the Uttar Pradesh government's Film Policy 2023, which will create over 50,000 jobs. It will also incorporate sustainable commercial and hospitality areas, creating new standards in real estate and entertainment infrastructure.Read more
04 Mar 2025
The Yamuna Expressway Industrial Development Authority (YEIDA) has transferred 230 acres of land to Bayview Bhutani Film City Private Limited, marking a major step in developing the Noida Film City near the upcoming Noida International Airport. The project, part of a larger 1,000-acre plan, aims to transform the region into a film production hub, creating an estimated 500,000 jobs. With sustainability measures, a film institute, and advanced shooting facilities, the Film City is expected to attract filmmakers and boost economic growth. Its strategic location and infrastructure development will further enhance the region's long-term economic prospects.Read more
03 Mar 2025
The Noida District Administration has fined Bhutani Infra's Bhutani City Centre project in Sector 150 INR 5 lakh for unauthorized basement excavation without approval from the mining department. Officials seized an excavator after an anonymous complaint led to an inspection. Under Uttar Pradesh regulations, excavation beyond 2 meters requires prior clearance, which the builder failed to obtain. Authorities have ramped up enforcement, seizing 43 vehicles and four excavators in Greater Noida this year, imposing INR 23 lakh in fines. Amid recent building collapses linked to illegal excavation, this crackdown aims to ensure construction safety and regulatory compliance.Read more
03 Mar 2025
Following a 4.0-magnitude earthquake on February 17, Noida authorities have intensified earthquake preparedness efforts, directing fire and disaster management teams to collaborate with developers and housing societies. Noida, classified under seismic zone 4, faces high earthquake risks due to rapid high-rise development. Structural safety inspections have begun, with focus on compliance with the National Building Code (NBC). Experts emphasize reinforced construction techniques to mitigate seismic risks, while past reports highlight weak enforcement in smaller projects. Amid rising commercial and residential growth, authorities are tightening safety measures to ensure Noida's urban expansion aligns with disaster resilience standards.Read more
27 Feb 2025
The Yamuna Expressway Industrial Development Authority (YEIDA) plans to acquire 5,000 hectares near Jewar's upcoming international airport to drive real estate growth. The Uttar Pradesh government is developing key projects, including a film city, medical device park, logistics park, and data campus park. Authorities have prepared a master plan for 2041 to meet rising land demand. Of the acquired land, 1,040 hectares will support industrial expansion, while 178 hectares will house a logistics park. These initiatives reflect the government's commitment to economic growth, attracting investments, and positioning Uttar Pradesh as a pivotal hub for trade, commerce, and infrastructure development.Read more
26 Feb 2025
The Noida Authority is launching its first industrial plot scheme under a revised MSME policy, offering 17 plots ranging from 200 to 7,500 sq. m. across six sectors. Covering 60,000 sq. m., these plots will be allotted via e-auction. Participants must deposit 10% of the reserve price, with 30% payable upfront. While industry groups argue e-auctions favor investors, Noida Authority is proceeding with the policy, aiming to standardize land allotment across the region. A detailed brochure will be released soon, and officials are identifying more land for future industrial expansion to boost MSME growth.Read more
21 Feb 2025
The Noida Authority has filed a complaint with the Economic Offences Wing (EOW) of the Delhi Police against GSS Proco on charges of financial irregularities and diversion of funds. GSS Procon was given a 10,306 sqm plot in Sector 143A in 2010 for the Victory Crossroads project, which was to hand over 288 units. The builder, however, did not develop the project and has not yet settled INR 91 crore of land charges. Promoters Harvinder Singh Sikka, Gurnit Singh Sikka, Pramod Goyal, and Sandeep Goyal have allegedly sold flats, generated third-party rights, and siphoned off money rather than making payments to the Authority. The project is currently undergoing insolvency proceedings in the NCLT. Since November 2024, Noida Authority has complained against four developers, namely Shubhkamna Buildtech, IVR Prime Developers, and Logix City Developers Pvt Ltd, for similar financial mismanagement.Read more
18 Feb 2025
The Noida Metro Rail Corporation (NMRC) is preparing to begin construction on the 11.56 km Metro corridor linking Botanical Garden station to Sector 142 within the next three months, pending final approval from the central government. This link, along with a proposed 5km route from Sector 51 to Knowledge Park-5, aims to enhance connectivity between Greater Noida and Delhi Metro's network. The project is expected to streamline travel to the upcoming Noida International Airport in Jewar and integrate seamlessly with the existing Aqua and Blue Line corridors. The NMRC board has allocated INR 2,254.35 crore for this initiative, which will feature eight new Metro stations. Additionally, a bus terminal at Botanical Garden station is being developed to further improve transport links.Read more
14 Feb 2025
The Noida Authority has invited bids for a consultancy firm to oversee escrow accounts, track insolvency cases, and improve financial coordination. The selected firm will monitor developers' fund flow, ensuring land dues are cleared and preventing misuse of buyer payments. With 17 housing projects under NCLT proceedings, the consultant will assist in filing claims and coordinating with creditors. This move aims to recover pending dues, enhance transparency, and strengthen financial oversight in Noida's real estate sector. The deadline for submissions is February 18, with an initial one-year contract for the appointed consultant.Read more
13 Feb 2025
The Yamuna Expressway Industrial Development Authority (YEIDA) successfully auctioned multiple hotel plots near Noida International Airport, generating INR 106 crore-12% above the reserve price. Equasocio Digital Technologies secured the highest bid at INR 31 crore for a 4,000-sqm plot. Other notable buyers include Balaji Enterprises, Ranchor Infra Developers, and Net2Source Consulting. Additionally, Bharat Petroleum acquired a fuel station plot for INR 12.2 crore. With investments exceeding INR 200 crore, these deals reflect strong investor confidence in the region's hospitality and commercial growth ahead of the airport's opening, positioning Noida as a key business and tourism hub.Read more
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