Tag: Greater Noida

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

CGWA Urges UP to Act on Builders’ Groundwater Misuse

NOIDA: The Central Groundwater Authority (CGWA) has urged the UP groundwater department to take action against real estate developers in Noida for alleged excessive groundwater extraction and wastage. This follows a complaint from an environmental activist. In a letter to the state department, CGWA administrator VK Dhaundiyal emphasized that groundwater management in UP is regulated by the state, requesting intervention and a report on actions taken. The letter was accompanied by the complaints received by the authority. Environmental activist Vikrant Tongad filed a complaint with the CGWA, UP government, and Noida Authority, highlighting significant groundwater extraction at construction sites in…

InfrastructureLatest Stories

Over 13.25 Lakh Sq Yards Released in Noida 2025-26

NOIDA: The Gautam Buddh Nagar police commissionerate has successfully reclaimed encroached land valued at over ₹5,900 crore during its major anti-encroachment initiative for 2025-26. This extensive operation was a collaborative effort between police and development authorities across Noida and Greater Noida. Initiated under the guidance of Police Commissioner Laxmi Singh, the campaign aims to eliminate illegal encroachments on government and authority-owned land while taking stern action against land mafias in the district. So far, a total of 1,325,960 square yards have been cleared, with plans for the operation to continue in the upcoming months, officials stated. Data indicates that the…

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…

IndustryLatest Stories

UP directs Noida DM to tackle Migsun Builders’ water violations

NOIDA: The groundwater department in Lucknow has instructed the Noida District Magistrate to take action against a builder due to excessive groundwater extraction in Greater Noida. A report is expected within 10 days. This directive follows environmentalist Vikrant Tongad’s persistent efforts, including an application submitted on April 22, which alleged that the Greater Noida Authority overlooked his complaint. Tongad’s application stated that Migsun Builders have been engaged in extensive dewatering operations in Tech Zone for over a year. Dewatering is a specialized technique used to remove groundwater or surface water from construction sites, trenches, or mining areas, ensuring a dry…

IndustryLatest Stories

Alpha Corp Acquires Earth Infrastructures’ Stalled Projects

NEW DELHI: Alpha Corp Development has successfully taken over three stalled projects from Earth Infrastructures via the resolution process under the National Company Law Tribunal (NCLT). This acquisition is expected to offer relief to more than 3,000 impacted homebuyers and commercial space buyers. The projects involved include two commercial developments—Earth TechOne and Earth Sapphire Court in Greater Noida—and one residential project, Earth Copia in Gurugram. The company plans to invest around ₹750 crore for completion, redevelopment, infrastructure improvements, and project delivery, anticipating revenue potential of about ₹1,200 crore. On May 5, 2026, the Supreme Court of India reinstated Alpha Corp…

Latest StoriesRegulatory

CBI Charges AVJ Developers, Bank Officials in Homebuyers’ Scam

NEW DELHI: The CBI has filed a chargesheet against AVJ Developers (India) Pvt Ltd, based in Greater Noida, along with bank officials and others for allegedly defrauding financial institutions and homebuyers, officials announced on Wednesday. In the chargesheet submitted to a special CBI court, the agency has named AVJ Developers, its sister company Kesar Builders Pvt Ltd, their directors, officials from Bank of India, UCO Bank, and ICICI Bank, as well as proxy homebuyers as co-defendants. The case revolves around the “large-scale cheating of homebuyers” by builders and public servants, resulting in significant losses to both financial institutions and unsuspecting…

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…