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26 Jun 2023
Residents of Noida's Logix Blossom Greens and Logix Zest are experiencing problems as a result of the community's dependency on diesel generators to provide electricity. The societies, created by insolvent Logix Infratech, have been unfinished for years. In order to reduce diesel usage, the insolvency resolution professionals imposed power outages and implemented a new tariff system, which raised electricity prices. In response to their increased usage over a predetermined period, the residents are now compelled to pay varied rates per unit, which has caused them to become irate and frustrated.Read more
26 Jun 2023
The Noida Authority in India has announced plans to establish a start-up hub in Sector 81 Phase 2 to support and encourage budding entrepreneurs. The Authority will lease out built-up spaces to new businesses through an e-auction, with the Old Court Complex's second floor offering over 13,000 square feet of space. The hub aims to attract entrepreneurs from various sectors, fostering small and medium-sized businesses, digital marketing, e-commerce, and online enterprises. The scheme includes incentives such as a six-month moratorium, a 15-year lease duration, and a one-year lock-in period. The e-auction will be conducted with a minimum rent of Rs 32 per square foot.Read more
22 Jun 2023
The Greater Noida Industrial Development Authority (GNIDA) has introduced a scheme to allocate data center plots, with the application process beginning on June 13 and closing on July 4. Through e-auctions, 13 plots specifically designated for data centers will be sold, aiming to generate approximately Rs 1,000 crore in revenue for the authority. These plots, ranging from 4,047 square meters to 1.07 lakh square meters in size, are located in Knowledge Park-5 and Techzone. Interested parties can access more details and apply via the GNIDA website and the State Bank of India (SBI) portal.Read more
22 Jun 2023
A group of developers in Noida, Uttar Pradesh, has been fined for illegally extracting groundwater without permission for their construction projects, in violation of the Uttar Pradesh Ground Water Act, 2019. The violation came to light after a resident filed a petition expressing concerns about groundwater depletion. A survey conducted by the authorities confirmed the unauthorized extraction by 13 developers, leading to fines of Rs. 5 lakhs each and the sealing of borewells. Groundwater levels in Noida and Greater Noida have significantly dropped over the past decade.Read more
21 Jun 2023
In a bid to address the issue of over 23,000 flats being handed over without proper registration, the stamp and registry department in Noida has taken action against 66 builders. Notices have been issued, warning of legal consequences if the flats are not registered within a month. The district magistrate held a meeting on June 16 with developers and Noida Authority representatives to discuss the reasons behind the oversight. The authorities aim to safeguard property rights and prevent revenue losses. Efforts are underway to expedite the registration process and raise awareness among buyers.Read more
20 Jun 2023
The Noida Authority has launched two Group Housing Schemes in sectors 43 and 44, offering prime plots through an e-auction process. The plots measure 13,800 and 41,145 square meters and interested parties must register by June 30. A non-refundable processing fee of Rs 20,000 per plot is required for participation. The Authority aims to develop group housing projects in these central Noida sectors and expects a high demand. Successful bidders must submit earnest money and pay the remaining land cost within 90 days.Read more
15 Jun 2023
The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has made a recommendation to the state government regarding the registry of flats in completed real estate projects. The suggestion is to delink the registry process from the outstanding dues that builders owe to the Noida and Greater Noida authorities. This proposal aims to provide relief to homebuyers who have been waiting for the registry of their flats due to a stalemate between the development authorities and builders over Rs 39,000 crore land dues.Read more
13 Jun 2023
The Noida Authority in Uttar Pradesh has demolished 32 unauthorized farmhouses encroaching on the Yamuna floodplains. These opulent structures, valued at Rs 40 crore, were part of nearly 200 illicit constructions targeted by Noida's strict enforcement of environmental regulations. The Authority is determined to combat illegal construction on the floodplains and has emphasized that demolition costs will be recovered from the property owners. The crackdown highlights the Authority's commitment to environmental preservation and sustainable development.Read more
12 Jun 2023
The Greater Noida Industrial Development Authority (GNIDA) discovers that developers have been giving apartments to homebuyers without fulfilling the necessary registration requirements. Financial consultancy Curie & Brown exposed several such violations in their examination of group housing projects. In response, the GNIDA plans to take legal action against these developers to ensure compliance with regulations and protect the rights of homebuyers. Additionally, the Yamuna Expressway Industrial Development Authority (YEIDA) is preparing to implement a plot relocation policy to address delays caused by land disputes.Read more
07 Jun 2023
The Noida Authority recently conducted a successful online auction for four duplex villas, with three of them sold at prices higher than the base price. The auction generated significant interest from potential buyers, resulting in a revenue of Rs 6.47 crore. The authority's efficient management of the auction process highlights its role in contributing to the growth and development of Noida.Read more
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06 Jun 2023
Greater Noida Industrial Development Authority (GNIDA) has unveiled a scheme offering 22 commercial plots valued at Rs 1,100 crore for public auction. This initiative, aimed at stimulating the region's economy and providing residents with convenient access to everyday necessities, allows potential investors to pay in flexible instalments. The plots, intended for the development of commercial complexes, are located in strategic sectors across the city. Online applications for the scheme are open until June 19.Read more
05 Jun 2023
The Uttar Pradesh Pollution Control Board (UPPCB) cracks down on illegal groundwater extraction in Noida and imposes a hefty fine on 38 builders found guilty of using borewells for illegal extraction. The builders are given a 15-day deadline to deposit the fine. The action follows a thorough evaluation by a joint committee formed by the National Green Tribunal, revealing widespread violations. The UPPCB aims to deter such violations and promote responsible water usage to protect the region's water resources and ecosystem.Read more
01 Jun 2023
Despite police notices and fines, Ecovillage residents persist in a peaceful protest against Supertech builder, claiming inadequate basic amenities. Over the past month, protestors have faced legal repercussions, but remain unwavering. Accusations suggest police bias towards the builder, yet no actions have been taken against Supertech despite numerous complaints. Protestors are demanding improved infrastructure, and better water and sewage management. As authorities strive to maintain peace, it remains to be seen how this situation will unfold and if the residents' demands will be addressed.Read more
30 May 2023
The Noida Authority has identified 1,097 registries in 21 residential projects awaiting execution, stalled due to builders' inaction. The properties, scattered across nine sectors in Noida, are approved for registry, yet developers lag in delivering to homebuyers. The Authority warned of potential penalties if developers continue to delay. It encouraged buyers to directly contact builders, ensuring the execution of their home registries. Developers who fail to comply risk punitive action in line with land allotment rules and the Real Estate Regulatory Authority (RERA).Read more
29 May 2023
Over 50 homebuyers have braved scorching temperatures to stage their 25th week of protests in Greater Noida West, demanding resolution for long-pending home registries. NEFOWA's president, Abhishek Kumar, expresses disappointment at the government's inaction despite repeated assurances. The protests continue to gain momentum as more residents join from various societies, and with over 60,000 homebuyers still awaiting their registries, the situation is growing more urgent. The homebuyers remain resolute, vowing to persist until their demands are met.Read more
25 May 2023
In a recently held review meeting, Ritu Maheshwari, the chief executive officer of Greater Noida Industrial Development Authority (GNIDA), issued a directive to initiate a survey through the consultant firm, Currie & Brown. The survey aims to assess the status of various group housing plots that have been lying idle. Maheshwari's decision highlights the authority's proactive approach in addressing the issue of unutilized plots. By commissioning the survey, GNIDA intends to gather crucial data regarding the status and potential utilization of these plots.Read more
18 May 2023
The Noida Authority is set to scrutinize financial models from Gujarat, Haryana, Delhi, and Rajasthan, aiming to inform its land acquisition strategy for the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). This study, led by the planning department's general manager, will culminate in a report for state government approval. The initiative is part of the Authority's commitment to explore innovative land acquisition strategies, supporting its vision of phased industrial development in the region and creating over 50,000 job opportunities.Read more
18 May 2023
The Noida Authority has allocated Rs 500 crore for acquiring new land, even as over 550 hectares are yet to be reclaimed from encroachers. The Authority is surveying unused "dumped" land parcels across sectors for their potential use, while also pursuing legal avenues to recover disputed land. Efforts are underway to reclaim land from non-functional industrial and IT units. The Authority has also regularized land for eligible farmers to prevent future encroachments. Despite the challenges, the Authority has managed to secure Rs 40,000 crore in investments so far.Read more
17 May 2023
Noida and Greater Noida authorities are contemplating a co-developer policy to resolve the longstanding issue of incomplete housing projects. The proposed policy would allow new firms to invest in and complete these projects, provided they clear nearly INR 40,000 crore in land dues. This move could bring relief to many homebuyers who have been waiting for a decade for their homes. The policy, initially suggested by the Confederation of Real Estate Developers Association of India, also includes potential incentives for developers prioritizing clearing the dues.Read more
16 May 2023
The Noida Authority has given Supertech's chairman, R.K. Arora, ten days to pay the INR 26 crore ($3.5 million) worth of recovery certificates (RCs) issued by UP-RERA that the company has not yet fulfilled. Last week, the Supertech chairman committed to paying INR 2 crore ($270,000) and making settlements of INR 5 crore ($670,000), pledging that the company will soon pay the remaining dues. This move is part of the district administration's drive to collect Rs 503 crore against 1705 RCs issued by UP-RERA to 101 developers.Read more
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