Tag: Greater Noida Industrial Development Authority (GNIDA)

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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.…