Tag: Greater Noida

Latest StoriesRegulatory

ED seizes 389 properties worth ₹240 crore in Grand Venezia case

ED provisionally attaches assets worth ₹158.37 crore in Rockland Hospitals PMLA case NEW DELHI: The Enforcement Directorate’s Lucknow Zonal Office has provisionally attached 389 immovable properties valued at ₹240.03 crore under the Prevention of Money Laundering Act, 2002, concerning a money laundering case involving Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, Satinder Singh Bhasin, and others. The agency noted that the current market value of the attached properties exceeds ₹700 crore. The assets seized include five properties in Goa, valued at ₹37 crore, owned by India Oceanworld and Goa Connect Properties. Additionally, 384 commercial units and shops in Grand…

Latest StoriesRegulatory

Delhi Court Cancels Bail of Nivas Promoters’ Director in Fraud Case

NEW DELHI: A Delhi court revoked the bail of a builder accused of defrauding homebuyers in Greater Noida. The court found that he repeatedly violated bail conditions, ignored directives, and exploited the leniency granted. Judicial Magistrate Ankit Garg listened to the prosecution’s request to cancel the bail previously granted to Rahul Chamola, director of ‘Nivas Promoters Pvt Ltd’, on December 13, 2023. The court noted Chamola’s behavior indicated a blatant disregard for bail conditions. In February 2024, he sought exemption from personal appearance, which was granted upon payment of a ₹5,000 fee; however, by October of the same year, he…

IndustryLatest Stories

Godrej Properties Buys 4.95 acres in Noida for ₹331.75 Crore

Representative AI image NEW DELHI: Godrej Properties has secured the highest bid for a 4.95-acre residential land parcel in Sector 151, Noida during an e-auction hosted by the New Okhla Industrial Development Authority (NOIDA). The land was acquired for ₹331.75 crore, as indicated on the e-tendering portal of HDFC Bank. NOIDA will issue the allotment letter following the necessary procedures. The land spans 20,050 sq meters and is set to be developed into a residential group housing project, with expected revenues exceeding ₹2,000 crore. This project will feature premium residential apartments in various configurations. Earlier this month, Godrej Properties also…

Latest StoriesRegulatory

Consumer panel orders Ansal Hi-Tech to refund homebuyer after 12 years

NOIDA: The District Consumer Commission has ruled that Ansal Hi-Tech Townships Limited, based in Greater Noida, must refund a homebuyer who booked a flat in 2014. Despite paying numerous instalments over the years and receiving an allotment letter, he never acquired possession of the property. Sanjay Agrawal, a resident of Sector 22, booked a flat in Ansal’s A2 Sushant Megapolis project in Greater Noida. He initially paid a registration fee of ₹250 in March 2014, followed by a booking fee of ₹15,000 and additional instalments totaling ₹1 lakh against a total flat price of ₹3.25 lakh. An allotment letter was…

Latest StoriesRegulatory

NGT Urges Action on ‘Illegal’ Groundwater Extraction in Noida

NEW DELHI: The National Green Tribunal (NGT) has instructed the Uttar Pradesh Ground Water Department to investigate a complaint about alleged illegal groundwater extraction in Noida and Greater Noida, and to take necessary measures. A bench, chaired by NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad, reviewed a petition from environmental advocate Vikrant Tongad. The petition asserted that private builders, industries, and individuals are unlawfully extracting groundwater in Noida and Greater Noida, primarily in Sectors 145 and 153 of Noida and Sectors 94 and 150 in the Tech Zone of Greater Noida. Advocate Akash Vashishtha, representing the applicant,…

Latest StoriesResidential

1.1 Lakh Applicants Compete for 973 Noida Airport Plots

Representative AI image NOIDA: The demand for land near Noida International Airport has skyrocketed, with the Yamuna Authority receiving 110,034 applications for 973 residential plots. On Thursday, a draw was held at the India Expo Centre and Mart in Greater Noida to allocate these plots. Some were specifically set aside for farmers, SC/ST communities, the disabled, and industrialists with operational units near the airport. The allotment drive was announced by the Yamuna Authority in April, attracting applications from locals, professionals, investors, and businesses. Out of the total applications, 140 were rejected due to duplication, while 23 were voluntarily surrendered. The…

Latest StoriesResidential

Homebuyers suffer as NCR property registration stalls due to strike

NOIDA: Manish Dixit has been visiting the sub-registrar’s office in Greater Noida for nearly three weeks, trying to complete the registration process for his newly purchased flat. Each visit has been met with disappointment. Dixit bought the apartment for Rs 80 lakh, financing Rs 65 lakh through a housing loan from HDFC Bank. While the payment formalities are complete, the final registration is on hold due to an ongoing strike by lawyers and deed writers protesting the Uttar Pradesh government’s move toward e-registration of property documents. The protests began on June 10, when deed writers halted their work in Greater…

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UP Limits E-Registration to Select Categories After Deed Writer Strike

NOIDA: Following a recent strike by deed writers in Greater Noida who claimed that the state’s e-registration initiative threatened their jobs, the registration department has released an order clarifying that the online system will apply only to specific property transactions. On June 12, the state inspector general of registration clarified that e-registration was not introduced for all property documents, countering the widespread belief post the June 4 rollout announcement. The clarification arrives amidst protests from deed writers and document scribes, who fear that a fully digital registration process may render their services obsolete and result in job losses. Previously, the…

Latest StoriesRegulatory

NGT Urges UP to Investigate Noida Realty’s Water Illegality

NOIDA: The National Green Tribunal has instructed the state groundwater department to investigate reports of illegal groundwater extraction by real estate developers in Noida and Greater Noida. The tribunal has also mandated that appropriate remedial and punitive measures be taken if any violations are identified. This directive followed a petition from activist Vikrant Tongad, who claimed that builders are excessively dewatering for deep excavations associated with high-rise constructions. The department has been tasked with completing this investigation within three months. The order was issued on May 27, responding to Tongad’s application filed earlier this year, which highlighted unauthorized groundwater extraction…

Latest StoriesResidential

Godrej Properties Secures 23.2 Acres in Greater Noida Auction

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 23.2-acre (93,905 sq meters) residential land parcel in Greater Noida’s DMIC integrated township through an e-auction overseen by DMIC Integrated Industrial Township Greater Noida. The company intends to develop a residential housing project on the land, projected to generate revenue exceeding ₹7,000 crore. Recently, GPL partnered with Tata Projects for core and shell construction work across three upcoming projects located along Golf Course Road in Gurugram. The total contract value is around ₹1,100 crore. Published on Jun 1, 2026, at 08:12 AM IST Join a community of 2M+…