Tag: Ghaziabad

IndustryLatest Stories

Gulshan Group to Invest ₹1,000 Crore in Wave City Project

Representative AI image NEW DELHI: The Gulshan Group is set to invest approximately ₹1,000 crore in the development of Gulshan Empire, a residential project located in Phase-I, Sector-1 of Wave City. The project is projected to yield sales exceeding ₹1,200 crore. Spanning 5.5 acres (22,505 sq metres), this single-phase development will feature 500 residential units distributed across six towers, each comprising 31 stories. The land was acquired last year for around ₹175 crore, as stated by Deepak Kapoor, a director of the company. Designed by DFI Architects, the project’s completion aligns with the RERA timeline slated for 2031. The company…

IndustryLatest Stories

Divyansh Group Buys Ghaziabad Land for ₹128 Crore

Representative AI image NEW DELHI: Divyansh Group has successfully acquired a 12,868 sq metre land parcel located in Koyal Enclave, Ghaziabad, via an auction organized by the Ghaziabad Development Authority. The acquisition cost approximately ₹128 crore, and the land will be transformed into a plotted residential project with a projected sales potential exceeding ₹200 crore. The company anticipates launching the project in the third quarter of the current financial year. The acquisition notably enhances the company’s development pipeline within the National Capital Region. Published On Jul 21, 2026 at 02:26 PM IST Join a community of 2M+ industry professionals. Subscribe…

Latest StoriesResidential

CM Delivers First PMAY-Urban Flat Key in Ghaziabad

File Photo GHAZIABAD: Chief Minister Yogi Adityanath officially handed over the first key of units created under the Pradhan Mantri Awas Yojana-Urban (PMAY) at a ceremony in the city on Friday. This marks the first unit distributed since the scheme’s announcement 11 years ago. Introduced in 2015, the PMAY aims to provide affordable housing for economically weaker sections. The price of a flat is set at Rs 6 lakh, with contributions of Rs 2.5 lakh from the Centre, Rs 1 lakh from the state government, and Rs 2.5 lakh required from the beneficiary. Eligibility is based on an annual family…

Latest StoriesRegulatory

SC to Hear ED’s Plea on Amrapali Money Laundering Case Transfer

NEW DELHI: On Wednesday, the Supreme Court agreed to consider the Enforcement Directorate’s plea regarding the Allahabad High Court’s ruling that transferred a money laundering case involving the Amrapali group, accused of diverting homebuyers’ funds. The Lucknow bench of the High Court, on August 11, 2025, decided to move the case filed by the ED against Ajay Kumar and two others from a special PMLA court in Lucknow to a designated court in Ghaziabad. The Supreme Court, comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana, acknowledged the arguments presented by Additional Solicitor General S V Raju,…

Latest StoriesRegulatory

NGT Stops All Construction in Ghaziabad City Forest

GHAZIABAD: In response to a petition claiming unauthorized construction within the Sai Upwan city forest, the National Green Tribunal (NGT) has instructed the district magistrate to prevent any illegal activities in the forest until the next hearing date. The interim ruling was issued on July 2 by a bench led by Chairperson Justice Prakash Shrivastava and Expert Member Afroz Ahmad, following a petition from former municipal corporator Rajendra Tyagi. According to counsel for the applicant, Akash Vasishtha, approximately 70,000 trees have either died or been destroyed due to non-forest activities in Sai Upwan. The bench acknowledged the applicant’s request for…

CommercialLatest Stories

NCR Office Leasing Drops 1% to 7.2M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, the National Capital Region (NCR) saw gross office leasing reach 7.2 million sq ft, reflecting a slight one percent decrease compared to the previous year, as detailed in a report by Knight Frank India. Office completions amounted to four million sq ft during this timeframe, marking a two percent decline year-on-year. Overall, the total office stock in NCR has risen to 208.1 million sq ft, registering a five percent annual increase. Average transaction rents saw a significant rise of 13 percent year-on-year, reaching ₹106 per sq ft per month in H1 2026.…

Latest StoriesResidential

NCR Housing Sales Drop 7% to 24,862 Units in H1 2026

NEW DELHI: The National Capital Region (NCR) saw residential sales reach 24,862 units in H1 2026, a seven percent decline from 26,795 units in H1 2025, as per Knight Frank India’s report. During the same period, new launches fell by five percent year-on-year, totaling 23,877 units compared to 25,233 units last year. Gurugram led the NCR residential market, representing 50 percent of new launches and 42 percent of total sales in H1 2026. Knight Frank noted that Gurugram’s launch pipeline is predominantly in the premium and luxury segments, with nearly all new projects starting above the ₹2 crore price point.…

Latest StoriesRegulatory

NGT Orders Ghaziabad DM to Halt Illegal City Forest Construction

NEW DELHI: The National Green Tribunal has issued an interim order mandating the district magistrate to prevent any illegal construction within Sai Upvan, a 200-acre forest area located in Ghaziabad, Uttar Pradesh. The tribunal is addressing concerns regarding the declining state of the area, which faces several environmental challenges, being recognized as the city’s “lungs.” In an order dated July 2, NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad acknowledged claims made by the applicant’s advocate, Akash Vashishtha. He reported that despite the area being classified as a city forest according to the 2021-2031 master plan, the Ghaziabad…

IndustryLatest Stories

Uttar Pradesh Sets Deadline for Township Takeover by Civic Bodies

GHAZIABAD: The UP government has set firm timelines for the transfer of large private townships to municipal corporations, ending uncertainty for residents who have been paying both civic taxes and high private maintenance fees. The newly released standard operating procedure (SOP) mandates that townships built under the hi-tech and integrated UP township policy be handed over to municipalities within a specified timeframe after they become eligible. This initiative is crucial because once the townships are transferred, the responsibility for maintaining roads, streetlights, water lines, drainage, sewers, parks, and open areas falls to civic authorities, clarifying years of confusion regarding maintenance.…

Latest StoriesResidential

Ghaziabad: RWAs Cite Cost, Poor Support, Old Infra Post Fire Safety Push

GHAZIABAD: In response to the Ghaziabad administration’s directive to Resident Welfare Associations (RWAs) and Apartment Owners Associations (AOAs) to enhance fire safety protocols, resident bodies have raised significant concerns regarding compliance. Major obstacles include high costs for maintaining firefighting systems, aging electrical infrastructure, the need for regular audits and drills, and ensuring that emergency exits are clear of obstructions. During a review meeting earlier this month, officials instructed RWAs to hire two trained firefighters for each residential society to work 12-hour shifts. They also mandated regular inspections and maintenance of fire water pipelines to ensure an adequate emergency supply and…