Tag: Greater Noida

Latest StoriesRegulatory

GNIDA’s Plots to Unqualified Realtors Threaten Buyer Safety: CAG

NOIDA: An audit conducted by the Comptroller & Auditor General (CAG) has uncovered significant irregularities and policy violations by the Greater Noida Industrial Development Authority (GNIDA) in the allotment of group housing and builder plots from 2005-06 to 2017-18. The audit report, released on Wednesday—coinciding with the Supreme Court’s directive to the UP government to consider transforming the Noida Authority into a metropolitan council for improved fairness and transparency—highlights lapses over the years that have contributed to the ongoing real estate crisis in Noida’s twin city. Thousands of flats are considerably delayed, while registries are held up due to skyrocketing…

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GNIDA Issues Partial OCs for Builders Paying 25% Dues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has authorized partial occupancy certificates for various stalled housing projects under the UP government’s rehabilitation policy, following the Kant committee’s recommendations aimed at reviving stalled real estate developments. So far, developers of 37 out of 98 halted projects in Greater Noida have paid 25% of their total dues, the minimum requirement to qualify for policy benefits, which include debt rescheduling and a waiver for defaults during the Covid pandemic. Under this new policy, developers who have made partial payments will receive occupancy and completion certificates (OCs/CCs) proportional to their payments, enabling the…

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Noida, Greater Noida & YEIDA: Uttar Pradesh’s Crown Jewels, Minister Says

AI-generated Representative Image NOIDA: During a recent visit, Industrial Development Minister Nand Gopal Gupta ‘Nandi’ referred to the Noida, Greater Noida, and Yamuna Authority (YEIDA) regions as “the crown jewels of Uttar Pradesh,” mirroring the status of Kashmir for India. He emphasized that enhancing industry and investment is “our government’s top priority.” With the establishment of new units, the minister believes employment opportunities will grow, aiding Uttar Pradesh in its quest to become a top-performing state. To ensure timely project completion, Nandi urged senior officials of the Noida Authority to work on expanding the land bank and improve collaboration with…

Latest StoriesResidential

Sobha to Invest ₹800 Cr in Greater Noida Residential Project

Representative Image NEW DELHI: Bengaluru-based Sobha is set to invest ₹800 crore in its inaugural residential project, Sobha Aurum, located in Greater Noida. The project has gained approval from Uttar Pradesh RERA and will be established in Sector 36. Spread across 3.46 acres, the development offers a total potential of approximately 9.3 lakh sq ft. It includes two towers with 420 residential units in various configurations: 1, 2, 3, and 4 BHK. Unit sizes range from 739 sq ft for the 1BHKs to over 2,300 sq ft for the 4BHKs. Project details indicate prices starting at ₹1.12 crore for 1BHK…