Tag: Greater Noida

Latest StoriesRegulatory

Allahabad HC Dismisses GNIDA’s IT Firm Plot Review

NOIDA: The Allahabad High Court has rejected a review petition from the Greater Noida Industrial Development Authority (GNIDA) concerning a previous judgment that overturned the cancellation of an IT firm’s land allotment. The disputed 25-acre IT/ITES plot in Greater Noida’s Tech Zone II was initially allotted in October 2007 to a consortium headed by Anant Raj Industries and subsequently transferred to Elevator Properties via a lease deed on August 16, 2010. Notably, Elevator Properties Pvt Ltd is a subsidiary of Anant Raj Industries. On February 25, Justice Prakash Padia determined that the authority failed to produce any “error apparent on…

IndustryLatest Stories

Noida: Paramount Developers Pays ₹106 Cr, Unlocks 135 Flats

NOIDA: Paramount Developers has paid over ₹106 crore to the Noida and Greater Noida authorities, settling dues on two housing projects and paving the way for the registration of 135 flats. This includes 35 flats in Paramount Emotions located in Greater Noida West and 100 in Paramount Floraville in Sector 137, Noida. As per the developer, approximately ₹26 crore was paid to the Greater Noida Authority, while ₹80 crore went to the Noida Authority, following a settlement framework established by the Uttar Pradesh government for distressed housing projects. Paramount Emotions, covering 11 acres, was launched in 2010 and includes 19…

Latest StoriesResidential

Noida Builder Owes ₹1.8 Crore; Shivalik Homes Buyers Wait 10 Years

NOIDA: Over 350 homebuyers at Shivalik Homes in Greater Noida’s Surajpur have been waiting for more than a decade for paperwork confirming their ownership. Families have moved in over the years, yet property registries have remained inactive due to the developer’s outstanding lease rent dues of around ₹1.8 crore and failure to provide essential documents for occupancy and completion certificates. The project, managed by Cosmos Infraestate Private Limited and initiated in 2010, consists of four residential towers. Residents reported receiving fit-out possession in phases—Tower D in 2015, Tower B in 2016, and Towers A and C in 2017. However, necessary…

InfrastructureLatest Stories

Greater Noida Seals 100 Illegal Flats, Recovers 54,000 sq m

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has recovered over 54,000 square meters of encroached land in five villages in the last two weeks, intensifying efforts against illegal construction in environmentally sensitive areas near the Hindon floodplain. According to officials, the campaign, which took place over the past 16 days, covered Kheda Choganpur, Bhanota, Haibatpur, Chipiyana Khurd, and Rohillapur. As a result, eight unauthorized residential towers with over 100 flats were sealed, and several unlawful structures were demolished. On Friday, the Authority’s team dismantled illegal constructions at Shivam Enclave in Haibatpur village, clearing nearly 7,000 square…

Latest StoriesRegulatory

Ajnara Homes Fined by Greater Noida for STP Issues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has levied a penalty of ₹50 lakh on Ajnara Homes in Sector 16B due to a malfunctioning sewage treatment plant (STP) and the discharge of untreated sewage. An additional fine of over ₹4 lakh was imposed for improper solid waste management. The residential society, consisting of approximately 2,300 flats, generates around 1.15 million litres per day (MLD) of sewage. During inspections, officials discovered that untreated sewage was being funneled into a drain and, following a blockage in that drain, it began flooding the basements of adjacent homes. Residents stated that the STP…

Latest StoriesRegulatory

FIR Filed Against Builder for Open Waterlogged Pit in Greater Noida

NOIDA: An FIR has been filed against a builder and his project manager in Greater Noida’s Rabupura district for allegedly creating a hazardous situation by leaving a large pit filled with contaminated water near a public road, which endangers public health and safety, officials reported on Friday. The FIR was registered after a sub-inspector patrolling Sector 22D of Star City on January 28 discovered a “very large and wide pit” that had been excavated close to the road leading to Kherlibhav village. According to the FIR, the pit was dug using heavy machinery and had remained filled with stagnant water…

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…