Tag: Greater Noida Industrial Development Authority (GNIDA)

Latest StoriesResidential

Greater Noida orders audit of Arihant Amber after biker’s death

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has announced a structural audit of the Arihant Amber building in Noida Extension following the tragic death of a 46-year-old resident, who was killed when a concrete fragment fell from an overhead beam while he was riding his bike. “The Authority will perform a structural audit of the building and act according to the findings,” stated Saumya Srivastava, additional CEO at GNIDA. The victim, Vikas Chawla, resided in Tower D (flat 1507) with his family. The accident occurred around 4 PM on Saturday as he exited the parking area. AOA president Tushar…

Latest StoriesResidential

Airport Set for Flights, Property Prices Surge in Greater Noida

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has increased property allotment rates by 3.5% across all categories. The new rates, approved by the board on May 2, see commercial property priced at Rs 98,776 per sqm, while residential plots in developed sectors are now set at Rs 51,363 per sqm. This adjustment comes ahead of the anticipated commercial operations at the Noida International Airport, slated to commence on June 15. Officials believe the airport will position Greater Noida as a significant economic and logistics center, likely boosting demand from investors, businesses, and homebuyers. According to GNIDA’s additional CEO, Sunil…

InfrastructureLatest Stories

Noida: GNIDA Clears 40,000 Sq M of Encroached Land in Bhanauta

Representative image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) conducted an anti-encroachment operation on Tuesday, recovering 40,000 square meters of land in Bhanauta village, valued at approximately Rs 80 crore. The operation was executed by teams from the land records and project departments on directives from Authority chief NG Ravi Kumar. The encroachers had illegally constructed plots on land identified as Khasra numbers 132, 133, and 135 in Bhanauta village and nearby areas, which had already been acquired and notified by the Authority. Additional CEO Sumit Yadav stated that stringent actions will be taken against the encroachers. “I urge…

Latest StoriesRegulatory

NGT Orders Greater Noida to Report Illegal Buildings Monthly

NOIDA: Illegal construction has persisted in the city, despite repeated affidavits and responses submitted by former municipal corporator Rajendra Tyagi to the National Green Tribunal (NGT). The Greater Noida Industrial Development Authority (GNIDA), which is tasked with addressing such issues, has neglected to comply with multiple NGT directives and has received an additional four weeks to respond. The UP Pollution Control Board (UPPCB) has indicated that a report from GNIDA is essential to determine if the contested constructions surpass the 5,000 sqm threshold that necessitates consent for establishment. Last July, the Authority’s representative assured a comprehensive affidavit within three weeks,…

CommercialLatest Stories

Greater Noida Plans to Double FAR to Draw Companies

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has proposed changes to its Building Regulations from 2010, specifically aiming to revise the floor area ratio (FAR) for plots designated for IT, IT-enabled services (ITES), and Biotech Parks. The proposal to increase the FAR from 2 to 4 has been submitted to the state government for approval. According to Additional CEO Prerna Singh, both current allottees and prospective companies have expressed the need for a higher FAR. Representatives from IT and ITES sectors argue that the existing FAR of 2 does not suffice, given the area’s rapid development into a hub…

IndustryLatest Stories

Gaursons to Mortgage Mall for ₹315 Crore to Clear Flat Dues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has provisionally approved a proposal from Gaursons Group to mortgage part of its Gaur City Mall in Greater Noida West. This mortgage will serve as security for additional compensation dues owed to farmers, facilitating the execution of about 2,100 long-awaited sub-lease deeds in three housing projects by the developer. This decision aims to relieve residents who have taken possession of their flats but have not yet secured legal ownership. Without these sub-lease deeds, residents are caught in legal uncertainty, despite having fully paid for and occupied their flats in the three projects.…