Tag: Greater Noida Industrial Development Authority

Regulatory

HC junks Greater Noida development body order to cancel land for project

NOIDA: The Allahabad high court has quashed a 2022 decision by Greater Noida Industrial Development Authority (GNIDA) to cancel land allotted to Royal Golf Link City Projects Pvt Ltd, calling the move “arbitrary and illegal”. The court struck down restoration charges, time extension penalties, and penal interest imposed by GNIDA, asking the Authority to restore the plot and revalidate the project map. The court was hearing a petition filed by Royal Golf Link in April, challenging a UP govt order that restored the land allotment but levied several charges. On May 27, Justice Pankaj Bhatia of the Lucknow bench of…

Industry

Noida: Land not acquired but housing scheme launched, three GNIDA officials suspended

NOIDA: Three senior officials of Greater Noida Industrial Development Authority (GNIDA) were suspended by the state govt for their alleged role in a residential plot scheme where unacquired agricultural land was illegally allotted to buyers. The officials issued allotment letters for 9,600sqm in Patwari village, despite only 1,600sqm being legally acquired from farmers, prompting Allahabad High Court to call the process “arbitrary and reckless”. The suspended officials are general manager RK Dev, manager KM Chaudhary, and senior draftsman Suresh Kumar, who is now an assistant manager. All three have been attached to the office of the GNIDA chief executive officer…

Industry

Greater Noida authority initiates processfor allocation of 40 industrial plots

Representative Image LUCKNOW: The Greater Noida Industrial Development Authority (GNIDA) has initiated the process to allot 40 industrial plots in key sectors, including Ecotech, Udyog Kendra, and Udyog Vihar, in Gautam Buddha Nagar, an official spokesperson said on Friday. “These industrial plots, ranging in size from 450 to 8,000 square metres, will be available for entrepreneurs seeking to establish industrial units. The reserve price is fixed between ₹28,600 and ₹33,950 per square metre,” they said. Stating that a key highlight of this scheme is that applicants will be allowed to establish industrial units under 242 permitted categories, they said: “However,…