IndustryLatest Stories

Co-developers greenlit to revive stalled projects in Greater Noida

Representative AI image NOIDA: The Greater Noida Authority has facilitated the revival of two stalled group housing projects by approving co-developers in accordance with the Uttar Pradesh government’s rehabilitation policy. With these recent approvals, a total of nine stalled projects in Greater Noida can now bring on co-developers. During a recent board meeting, the Authority granted in-principle approval for Birla Estates to join as a co-developer for Nobal Buildtech’s stalled project in Sector 10. Additionally, Floral Homes was approved as a co-developer for the housing project in Sector 1 under Gayatri Hospitality & Realcon. The SWAMIH Investment Fund has pledged…

InfrastructureLatest Stories

Greater Noida: Amrapali Golf Homes Fined for Waste Issues

NOIDA: The Greater Noida Authority has imposed a fine of ₹25,000 on the Amrapali Golf Homes Society, a high-rise residential community located in Sector 4 of Greater Noida West, due to inadequate waste management practices. During an inspection, Additional CEO Shrilakshmi VS noted that the health department discovered significant waste accumulation on the premises, prompting warnings to the Association of Owners (AOA) and maintenance staff about adherence to the Solid Waste Management Rules of 2016. As per the SWM Rules, bulk waste generators (BWGs)—which include any residential complexes, commercial establishments, or institutions producing over 100 kg of solid waste daily—are…

Latest StoriesRegulatory

STP Closure: Greater Noida Fines 7 Builders ₹54 Lakh

NOIDA: The Greater Noida Authority has imposed a penalty of ₹54 lakh on seven builders for failing to operate their Sewage Treatment Plants (STPs). Inspections revealed that untreated sewage was being unlawfully discharged into drains. Prerna Singh, additional CEO of the Greater Noida Industrial Development Authority (GNIDA), stated that the Authority is committed to ensuring 100% treatment and recycling of sewage generated in Greater Noida. “Following directions from CEO NG Ravi Kumar, STPs are being set up throughout Greater Noida and Greater Noida West. However, some builders have been neglecting their responsibility to treat sewage from their high-rise buildings, opting…

IndustryLatest Stories

Greater Noida Authority Approves Co-Developers for 3 Stalled Projects

NOIDA: The Greater Noida Authority has granted preliminary approval to appoint co-developers for three housing projects that have been stalled for over ten years. During their meeting on July 28, the Greater Noida Authority board endorsed proposals from Sobha Ltd, Opaa Realty, and Swarnim Buildhome LLP to take over and complete the unfinished housing projects. Officials noted that Atlaspur Construction and Developers collaborated with Sobha Ltd for its Sector 1 project, while Parsvnath Developers suggested Opaa Realty for its Pi Sector project. Additionally, Aims Golf Town Developers requested Swarnim Buildhome LLP for its Sector 4 township. The proposals underwent a…

Latest StoriesRegulatory

HC: State can’t limit zero-period relief after land delay

NOIDA: The Allahabad High Court has affirmed that ‘zero-period’ waivers for real estate developers should be granted in full for delivery delays beyond their control. In a ruling dated July 25, the court annulled a Greater Noida Authority decision that denied the zero-period benefit to developer Empire E-Parks. The judgment mandates that the development authority provide the developer with a zero-period waiver on interest and penal interest accrued over the 18 years that construction was halted, due to the developer’s inability to take possession of the designated land. This decision, echoing a previous case involving Gaurasons India Ltd, could significantly…

Latest StoriesResidential

100 Buyers Register at RG Luxury Homes’ Noida Camp

NOIDA: Around 100 homebuyers of the RG Luxury Homes project received their registries during a special camp organized by the Greater Noida Authority and the stamp and registration department on Wednesday. This event, held at the project site in Greater Noida West, marked the start of the registration process. Authorities have been prompted to arrange similar camps for other legacy projects to speed up the handover process. After settling 25% of their dues with the Authority, the promoter was granted permission to commence unit registration in line with state government policy. Initially launched in 2010 with a delivery date set…