Tag: Lotus Green Constructions

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SC offers Noida Authority last chance on stalled sports city project

NEW DELHI: The Supreme Court has granted a final chance to the New Okhla Industrial Development Authority to follow its directives related to delayed real estate projects associated with the Noida Sports City development. A bench comprising Justices M M Sundresh and N Kotiswar Singh issued the order. “As a final opportunity, the earlier orders made by this court on November 24, 2025, and January 15, 2026, must be complied with by the respondent Noida,” stated the bench. In the November 24 ruling, the Supreme Court approved a structured revival plan for the project being developed by Lotus Green Constructions…

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Noida Authority Issues Conditional OC to Sports City After SC Order

NOIDA: During its board meeting on Saturday, the Noida Authority issued a conditional occupancy certificate for the long-delayed Sports City project in Sector 150. This decision comes after the Supreme Court’s order from November 24, which approved a framework for reviving the Sports City SC-02 project developed by Lotus Green Constructions. The ruling enables construction to resume after nearly three years, offering a reprieve for approximately 20,000 homebuyers waiting for possession or registration of their properties. The Supreme Court mandated that the Noida Authority lift the ban placed on the developer in January 2021 within 30–45 days. Lotus Green plans…

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SC Hearing Next Week: Sports City Builders Begin Repayment

NOIDA: In response to notices from the Noida Authority, several builders engaged in the Noida Sports City projects have begun settling their outstanding dues. A notable action includes a consortium partner of the Sector 150 Sports City project, led by Lotus Green Constructions, which has made a payment of Rs 80 crore. Officials indicated that other consortium partners in this project have also shown readiness to make payments and are expected to do so shortly. Back in March, the Authority issued notices mandating developers to clear longstanding dues within one month, as per a high court directive from February. Outstanding…