Tag: Greater Noida

IndustryLatest Stories

Uttar Pradesh’s Draft Code Ties FAR to Road Width

NOIDA: The Uttar Pradesh government has released a draft unified building code aimed at significantly altering project developments in Noida, Greater Noida, Yamuna, and other industrial development areas. The new regulations propose to consolidate separate rules for each development authority into a singular comprehensive framework. They also aim to increase floor area ratio (FAR) limits across various categories, link higher FAR to the width of adjacent roads, reduce setback requirements, and eliminate height restrictions except where safety or heritage guidelines apply. The draft of the Unified Building Regulations for Industrial Development Authorities is now available for public comment on the…

Latest StoriesRegulatory

Consumer Panel Orders Supertech to Fix Seepage in 30 Days

NOIDA: The district consumer commission has found Supertech Limited guilty of service deficiency after a flat sold by the builder at Ecovillage-2 suffered from seepage and sewage issues. The commission has instructed the company to address the defects within 30 days and compensate the owner with Rs 4,000 for mental anguish and legal expenses. The complaint was initiated in May 2019 by Minimol Chanchal Singh, a resident of Sector 16B, who had purchased a flat in Tower C-3 of the Supertech condominium. The flat, which was allotted to Singh in September 2016, was sold for Rs 27 lakh, including registry…

IndustryLatest Stories

YEIDA extends FinTech hub application deadline

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has pushed back the application deadline for its planned 500-acre FinTech hub in Sector 11 near the Noida International Airport to April 29, from the previous April 2 deadline. Shailendra Bhatia, the authority’s additional CEO, explained that the deadline was adjusted to coincide with an upcoming financial summit aimed at attracting global investors and industry representatives. “We have moved the bid due date from April 2 to April 29, with the technical bid opening now set for May 1. This change is due to the Money Alpha 360° summit, which focuses on…

IndustryLatest Stories

Hawelia Group Receives UP-RERA Approval for Noida Project

NEW DELHI: Hawelia Group announced on Sunday that it will invest ₹770 crore to revive a 22-acre housing project in Greater Noida, following approval from the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). The company’s involvement will help over 2000 homebuyers who have been waiting for years to see their investments realized. In 2023, the Delhi-NCR-based firm reached an agreement with SJP Infracon, the previous promoter of the stalled ‘Shri Radha Sky Gardens’ project, to ensure its completion. The firm sought governmental approval to act as a co-promoter in this delayed development. In its statement, Hawelia Group mentioned that it…

Latest StoriesRegulatory

SC Denies Bail to Bhasin Infotech Promoter in Fraud Case

NEW DELHI: Six years after being granted bail in a case involving cheating homebuyers, the Supreme Court on Thursday revoked its previous order. The court directed Satinder Singh Bhasin, the promoter of Bhasin Infotech and Infrastructure Private Limited, to surrender and return to custody, noting that he had breached bail conditions and misappropriated Rs 75 crore from homebuyers while on bail. A bench comprising Justices Sanjay Karol and N K Singh granted Bhasin one week to surrender, stating that he must serve at least one year in jail. The court indicated that he could apply for regular bail again after…

IndustryLatest Stories

Hero Realty Acquires 18,215 Sq M Land in Greater Noida

Representative image NEW DELHI: Hero Realty, the real estate division of Hero Enterprise, has successfully acquired a land parcel of 18,215 square meters in Sector MU, Greater Noida, via a recent auction held by the Greater Noida Industrial Development Authority (GNIDA). The site is designated for residential development. In Gurugram, the company has launched “The Palatial by Hero Homes” located in Sector 104 along the Dwarka Expressway. This project spans around 11 acres. Additionally, the company has introduced a new vertical, Hero Earth, focusing on its plotted development offerings. Through this brand, Hero Realty has entered the Sonipat real estate…

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…