Tag: Greater Noida

Latest StoriesResidential

90 Flats Auctioned in Omicron, Greater Noida

Representative Image NOIDA: The Greater Noida Authority will conduct an e-auction for 90 flats in Sector Omicron 1A on January 28. The reserve price for these flats ranges from Rs 73.2 lakh to Rs 74.3 lakh, based on the floor location. These flats are situated on the 1st and 15th floors, each offering a carpet area of 83.38 square metres and a super area of 104.7 square metres. Greater Noida Authority CEO NG Ravi Kumar has instructed the property department to expedite the allotment process to utilize the housing stock effectively, helping potential homeowners take advantage of this scheme. Interested…

IndustryLatest Stories

BOOTES Expands into Residential Development

NEW DELHI: BOOTES, an engineering firm, has introduced its real estate division, boasting a portfolio valued at over ₹6,300 crore. The company will kick off its real estate initiatives with projects in Noida, Alwar, and Vrindavan, totaling more than six million sq ft of initial saleable area. In Noida, BOOTES is constructing high-rise residential complexes in Greater Noida West and sector 76, featuring 4BHK residences and duplex penthouses. In Alwar, they have launched a residential project offering 2BHK and 3BHK residences. Future expansion plans include cities such as Mumbai, Lucknow, Ayodhya, Dehradun, Kurukshetra, Jhansi, Chitrakoot, and Prayagraj. Published On Jan…

Latest StoriesRegulatory

NGT grants Greater Noida a month to report on illegal constructions

NOIDA: After being requested by the National Green Tribunal (NGT) five months ago to provide an action taken report on illegal constructions in Greater Noida, the Greater Noida Development Authority has not complied. The tribunal has now set a one-month deadline for the Authority to file an affidavit, with the next hearing scheduled for April 8. A former municipal corporator, Rajendra Tyagi, filed a petition in 2021 concerning illegal constructions in Noida and Greater Noida, highlighting that unauthorized residential colonies and commercial establishments were extracting groundwater illegally and discharging sewage openly. Tyagi’s attorney, advocate Akash Vashishta, noted that a July…

IndustryLatest Stories

Shree KB Realty Acquires 3-Acre Land in Greater Noida for ₹122 Cr

Representative AI image NEW DELHI: Shree KB Realty, a real estate firm, has acquired a 3-acre plot in Greater Noida for ₹122 crore via auction to develop a commercial project. The company announced on Thursday that it secured a land parcel measuring 12,000 square meters (approximately 2.97 acres) for ₹122 crore, which includes lease rent and stamp duty. The land, situated in Greater Noida West, was obtained through an auction held by the Greater Noida Authority. Rakesh Singhal, founder of Shree KB Group, stated, “We plan to construct a commercial project on the purchased land, featuring a built-up area of…

Latest StoriesResidential

NBCC Auctions 417 Amrapali Aspire Units for ₹1,045 Crore

NEW DELHI: The state-owned NBCC (India) has wrapped up the e-auction for 417 residential units in two housing projects located in Noida and Greater Noida West, achieving a total sale value of approximately ₹1,045.4 crore, as stated in a regulatory filing by the company. The sold units are part of the Aspire Leisure Valley project in Greater Noida West, specifically in towers 7 and 8, as well as Aspire Silicon City, Phase IV in Sector 76, Noida, which comprises tower 5, under Sub-Package 4 of the project. According to the transaction agreement, NBCC will receive a marketing fee of 1%…

CommercialLatest Stories

Noida Metro Rail Corp. Offers Commercial Space at 3 Stations

Representative AI image NOIDA: The Noida Metro Rail Corporation (NMRC) is leasing commercial spaces at Sector 81, Sector 83, and Depot metro stations along the Aqua Line. At Sector 81, NMRC is offering four commercial spaces: two on the ground floor (26 sqm and 172 sqm), one on the first/concourse level (315 sqm), and another on concourse level 2 (232 sqm). At Sector 83, a 226 sqm space is available on the upper ground floor, while at Depot metro station, there’s a 106 sqm area on the first/concourse level. As per NMRC officials, the successful bidder will be allowed to…

Latest StoriesRegulatory

NGT Halts Order to Attach Gaursons Promoters’ Office, MD Case

NOIDA: The National Green Tribunal (NGT) has suspended its prior directive to attach the headquarters of Gaursons Promoters Private Limited and initiate criminal proceedings against the company’s managing director, granting temporary relief to the real estate developer. This ruling was made by a bench featuring judicial member Justice Arun Kumar Tyagi and expert member Dr. Afroz Ahmad, following the company’s request to modify or overturn the tribunal’s Dec 16 directive. This directive had been issued during the hearing of an execution application presented by a Greater Noida resident, claiming non-compliance with earlier tribunal orders. Senior advocate A R Takkar, representing…

Latest StoriesRegulatory

NGT Orders Gaursons Office Attachment, Criminal Action on MD

NOIDA: The National Green Tribunal (NGT) has expressed strong discontent regarding non-compliance with its previous orders, instructing the Ghaziabad district magistrate to initiate a warrant of attachment against Gaursons Promoters Private Limited’s headquarters and submit a compliance report within four weeks. The tribunal also mandated that a designated officer from the central or state government file a criminal complaint against the developer’s managing director under Section 30 of the NGT Act, which pertains to penalties for environmental non-compliance. The principal bench comprising judicial member Justice Arun Kumar Tyagi and expert member Dr. Afroz Ahmad issued these directions after reviewing a…

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Greater Noida to Target Builders for Unpaid Rehab Dues

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed Currie and Brown to evaluate builders who have defaulted as it begins to revoke benefits from those violating the stalled-project policy. This initiative aims to revitalize halted real estate projects, with ₹1,382 crore recovered from the total dues of ₹4,749 crore. So far, 17,334 housing units have been registered despite ongoing challenges. Recently, the GNIDA board decided that all benefits under the state’s stalled-project policy will be withdrawn from developers who have neither settled their dues nor engaged with the scheme. Of the 98 projects identified for…

Latest StoriesResidential

Noida: NPCL Cuts Power to Housing Societies for Unpaid Dues

Sure! Here’s a rewritten version of the content you provided: Representative image NOIDA: The Noida Power Company Limited (NPCL) has ramped up its disconnection efforts this month to recover outstanding dues from residential societies and businesses in Greater Noida. Recently, power was cut at Himalaya Pride in Greater Noida West for eight hours—from 10:30 AM to 6:30 PM—over unpaid dues amounting to ₹37.3 lakh, including overdue payments dating back to October. Supply was restored after the society’s maintenance team paid the outstanding amount. This is just one of many recent disconnections in the area. NPCL also disconnected power at Mahagun…