05 Oct 2023

In Greater Noida West, the Greater Noida Industrial Development Authority (GNIDA) encountered resistance while attempting to demolish an unauthorized staircase in Gaur City 2's White Orchid Society. The demolition was prompted by the builder's failure to comply with previous notices. Residents were disappointed when the GNIDA's demolition team left without executing the demolition. Allegations arose that officials engaged in private discussions with the responsible party, causing delays. A two-day extension was ultimately granted, postponing the demolition. This incident underscores the challenges of dealing with unauthorized construction and non-compliance, impacting resident safety and adherence to approved building plans, raising questions about how authorities will handle such issues in the future.Read more

05 Oct 2023

Saya Status, located in Noida, is on track to become India's tallest mall, standing at an impressive 250 feet. Developed by the esteemed Saya Group, this iconic structure in Sector 129 showcases innovative architectural design across its nine floors and vast 1.1 million square feet of rentable space. With a budget of Rs. 2000 crore, the mall is set to be completed by January 2025. Already, it has secured leases with 30 leading brands, filling half of its retail space. The Saya Group's track record in quality construction is well-established, and Saya Status aims to revolutionize the retail industry, offering an unmatched shopping experience in India's tallest mall.Read more

03 Oct 2023

The Greater Noida Authority (GNIDA) has issued its third notice to Supertech, a real estate developer, following complaints from residents of Ecovillage 1 regarding around 100 unauthorized shops within the society. The notices highlight violations of regulations and demand the removal of these establishments within 15 days. GNIDA had previously directed the removal of an unauthorized gate and encroachment on a green belt. Supertech faces potential legal action if they fail to comply. As tensions escalate, residents seek accountability for the alleged violations, while Supertech claims it has not received communication from GNIDA.Read more

28 Sep 2023

The Noida Authority is taking steps to recover over Rs 7,000 crore in unpaid fees from developers of delayed real estate projects. The authority had previously mandated the establishment of escrow accounts for such projects, but compliance has been lacking. By issuing notices to developers who have not opened escrow accounts, the authority aims to prevent fund misappropriation and ensure accountability. Developers are required to deposit 50 percent of project funds into these accounts. This proactive approach reinforces transparency and financial discipline in the real estate sector, ultimately benefiting homebuyers and the timely completion of projects.Read more

26 Sep 2023

Noida-based Gaurs Group has made substantial strides in the real estate sector with two key acquisitions. They've acquired 18 acres in Noida's Sector 129 for a Grade-A retail and office project, strategically positioned on the Noida Expressway. They've also taken over a stalled residential project in Jaypee Greens, Greater Noida, with plans to complete two residential towers and create 1.5 million square feet of additional space. This demonstrates Gaurs Group's commitment to expanding in the real estate sector and its potential impact on the NCR's real estate landscape. This follows their previous investments, including 'The Island' luxury housing complex in Jaypee Greens, reflecting their strategic expansion in the region.Read more

20 Sep 2023

The Noida Aerotropolis, a massive project adjacent to the Noida airport, is set to become a versatile development catering to residential and industrial needs. Led by Arun Vir Singh, CEO of the Yamuna Expressway Industrial Development Authority (YEIDA), this ambitious venture encompasses specialized zones including innovation and tech hubs, commercial centres, logistics facilities, hospitality offerings, and recreational areas. With a strong focus on hospitality, it will feature hotels, service apartments, and offices, creating a dynamic environment. The innovation hub will house biotech parks and tech zones, aligning with global trends in innovation-driven growth. The project emphasizes adaptability, sustainable land use, and comprehensive urban amenities, making it a promising addition to the region's development.Read more

20 Sep 2023

Uttar Pradesh is planning an expansive Olympic Park near the upcoming Noida International Airport, a move that aligns with India's ambitions to host major sporting events like the 2036 Olympics. The 1,100-acre park includes an Olympic City with 29 sports arenas and an Olympic Village with 5,000 housing units, designed primarily for athletes and sports-related personnel. This development also envisions sports clubs, training centres, convention spaces, malls, and theme parks. While the project may not be ready for 2036, it aims to become a world-class sports facility for future international events, underlining India's growing presence in sports.Read more

20 Sep 2023

Last week tax authorities expanded their investigation into potential tax evasion by Orris Group, conducting searches at multiple locations, including Noida, Greater Noida, and Gurugram. The Income Tax Department officials intensified their efforts to uncover any irregularities, suspecting that the real estate firm may have engaged in activities that contravene tax regulations. These raids mark a significant development in the ongoing probe into Orris Group's financial practices, shedding light on the authorities' determination to ensure tax compliance across various regions. The company's financial transactions and records are under scrutiny as the investigation continues to unfold.Read more

20 Sep 2023

The Supreme Court of India has expressed serious concerns about alleged widespread corruption within the Noida Authority, suspecting officials of embezzling significant public funds through wrongful approval of excess compensation in land acquisition cases over several years. The Court has called for an independent agency to conduct a comprehensive investigation in response to these allegations. Justices This decision follows revelations that the case is part of a broader pattern involving questionable compensation disbursements by the New Okla Industrial Development Authority. The Supreme Court expects a detailed response from the Uttar Pradesh government during the next hearing on October 5.Read more

15 Sep 2023

Noida Extension, also known as Greater Noida West, is becoming a top choice for IT professionals and first-time homebuyers due to its affordability, proximity to economic hubs, and wide roads. It has a dedicated sector for tech companies and is well-connected to IT hubs along the Noida-Greater Noida Expressway. Affordable property prices, new project launches, and improving infrastructure have attracted middle-class buyers. Property prices in the region have risen steadily, with rental demand increasing as well. However, challenges such as traffic congestion and limited public transport options exist but are expected to improve with planned infrastructure developments.Read more

15 Sep 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) in Noida, which oversees the Apparel Park Cluster, is attracting more industrial firms' attention, according to the Uttar Pradesh government. Out of the 89 available plots, 81 have already been allocated, and 70 more units want plots. With government approval, YEIDA intends to increase the floor area ratio (FAR) for industrial plots from 1.5 to 2.0 in order to promote industrial expansion. Additionally, these plots' ground coverage will rise to 60%. This development includes proposals for improved connectivity and infrastructure, as well as a designated cargo facility at the Noida International Airport.Read more

13 Sep 2023

The Sports City project in Noida's Sector 79 is mired in challenges, with residents and stakeholders expressing concerns about its delayed progress and encroachments. The project, initially designed to integrate sports infrastructure with housing, has faced setbacks due to non-compliance with basic licensing requirements. Unauthorized activities by local sports academies and vendors have further complicated the situation. Despite complaints, authorities have struggled to curb encroachments effectively. The delays and encroachments have not only affected the project itself but also left thousands of flat owners in nearby projects in uncertainty. Legal intervention from the Allahabad High Court is now seeking resolution to these ongoing disputes.Read more

11 Sep 2023

The Greater Noida Authority has introduced a One Time Settlement (OTS) scheme for multi-storey building allottees to clear outstanding dues. Over 2,200 homebuyers who haven't executed lease deeds stand to benefit, with potential collections of Rs 468 crore in dues and premiums. Applicants can apply for the scheme from September 5 to December 31, receiving discounts of 20-80% on penal interests based on flat size. Eligibility is for those who haven't benefited from similar schemes earlier, and applicants must pay a processing fee and 50% of dues by December 31. The property department aims to process applications within 15 days.Read more

09 Sep 2023

The Greater Noida Industrial Development Authority (GNIDA) is advancing its Master Plan 2041, aiming to allocate more land for industrial use and capitalize on its proximity to the Noida International Airport by establishing a commercial hub. Currently, 25.4% of the proposed 40,000-hectare Phase 2 area is designated for industries, a share the state government seeks to increase. Although preliminary approval has been granted, final authorization awaits stakeholder discussions and public input. This initiative also promotes mixed land-use near the upcoming Noida International Airport, with plans for road extensions, hospitality hubs, and enhanced transportation infrastructure, including metro and green corridors.Read more

07 Sep 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) has witnessed an overwhelming response to its residential plot scheme near the upcoming Noida International Airport. The scheme, launched on August 8, offers 1,184 plots in various sizes, and it has garnered massive interest with 1.73 lakh users registering and 1.1 lakh applications submitted. The plots are situated in Sectors 16, 17, and 20, with prices set at Rs 24,600 per square meter. YEIDA plans to allocate the plots through a draw of lots on October 18, giving preference to those who have paid the 10% earnest money deposit. This surge in interest is attributed to the rapid development of the Noida International Airport and associated infrastructure projects.Read more

04 Sep 2023

Noida Authority has granted a month-end deadline, expiring on August 31, for 14 defaulting developers to create escrow accounts in a bid to recover outstanding dues. Six developers have already complied by initiating such accounts. This initiative, enforced after 59 developers owing a combined Rs 7,000 crore were asked to establish escrow accounts two months earlier, aims to prevent funds diversion. CEO Lokesh M underlined efforts to address builder-buyer concerns and warned of recovery certificates if dues aren't cleared. Additionally, the Authority seeks to oversee the Ganga Jal project, introduce electric buses, and advance elevated road plans.Read more

01 Sep 2023

The Noida and Greater Noida authorities have announced a comprehensive six-point plan to resolve delays in housing projects and recover outstanding dues. Key measures include cancelling inactive project allotments and integrating co-developers to complete viable stalled projects. With builders owing over Rs 41,000 crore collectively to both regions, the new strategy also offers flexibility in payments and innovative solutions for projects nearing completion but hindered by liabilities. These actions were derived from discussions during the chief minister's recent Noida visit and a central government committee's recommendations.Read more

31 Aug 2023

Bhutani Infra, a Delhi-NCR based real estate developer, is set to construct a commercial high-street mall in Noida sector 133, investing Rs 500 crore in the endeavour. The project will span around 3 lakh sq ft in its first phase and is expected to be completed within 30 months. This initiative is in addition to Bhutani Infra's ongoing projects, including Bhutani Cyberthum and Avenue 62, both located in Noida. The upcoming mall will offer premium retail space, a food court, and wellness facilities, contributing to the region's commercial landscape.Read more

28 Aug 2023

The residents of NOIDA's Kasna B-Block, living on abadi plots designated under the kisan quota, are facing dire conditions due to the absence of proper infrastructure. Despite being in proximity to administrative offices, the area lacks essential amenities like sewage systems, drains, and functional roads. The single access road is unpaved and filled with potholes, worsened by recent monsoon rains and nearby drainage overflow. Complaints to the GNIDA have reportedly yielded little action, leaving residents disillusioned. Water connections have been paid for but remain absent, sewers are non-functional, and road repairs are incomplete. Residents are grappling with neglect and unfulfilled promises, despite their legal entitlement to basic infrastructure.Read more

26 Aug 2023

After a 23-year-long legal dispute, Noida Authority is finally moving forward with the development of Sector 42 as a residential area. The original plan for the sector's development was approved in 1997, but it was delayed due to a legal challenge from the Central Employees Cooperative Housing Society, which claimed ownership of land within the sector. After years of legal proceedings, the Supreme Court ruled that the cooperative society members would receive apartments and the remaining land could be developed by the Authority. The Authority has now approved a revised layout for Sector 42, which includes residential plots and various amenities. This move is expected to generate significant revenue for the Authority while addressing the city's need for residential space.Read more