Tag: Noida

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Uttar Pradesh cabinet approves green law for eco-friendly ULBs

LUCKNOW: With an aim to drive sustainable and eco-friendly growth in urban local bodies, the UP cabinet has approved the Urban Green Policy proposed by the urban development department. The primary goal of the policy is to encourage and support green initiatives, making cities more sustainable and resilient. Under this policy, a Green City Monitoring System will be developed to evaluate and award Green Star ratings to cities based on their environmental efforts and green infrastructure. To mitigate the impact of climate change in urban areas, the policy promotes the development of vertical gardens, rooftop gardens, and Miyawaki forests. The…

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Adani can’t sub-lease its data centre project to another company until it’s complete: Noida authority

Representative Image NOIDA: Noida Authority has ruled out the possibility of sub-leasing its Sector 80 industrial plot to Noida Data Centre Ltd — a group firm of Adani Enterprises Ltd — before the project is declared functional. The decision marks a reversal of the Authority’s earlier stance, with officials insisting they would not allow any relaxation from original allotment conditions. According to officials, the plot allotted to Adani in 2021 was still undeveloped and the company had not applied for map approval either. They cited Clause 14-B of the lease deed, which clarified that sub-leasing would be allowed only after…

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Uttar Pradesh CM’s deadline was May, but Noida airport launch is still months away

File Photo NOIDA: UP chief minister Yogi Adityanath had set a deadline of May 15 for domestic flights operations from Noida International Airport and June 25 for international operations during a review meet in March. But UP chief secretary Manoj Kumar Singh’s visit Tuesday confirmed the project is still several months away from completion, with key infrastructure components unfinished. Singh, who inspected the progress of work at airport’s terminal building and aerodrome licence, met officials from concessionaire Yamuna International Airport Private Limited (YIAPL), Directorate General of Civil Aviation (DGCA), Airports Authority of India (AAI) and National Highways Authority of India…

Infrastructure

YEIDA to approve key projects to fast-track growth in Greater Noida and Jewar

LUCKNOW: The Yamuna Expressway Industrial Development Authority (YEIDA) has cleared key proposals aimed at accelerating development and attracting investments in the Greater Noida and Jewar region. At the 85th board meeting held on Wednesday, 54 projects were cleared for implementation over the next 15 years, outlining a comprehensive roadmap for the development of Greater Noida and the entire YEIDA-authorised area. The meeting was chaired by YEIDA chairman Alok Kumar and attended by CEO Dr Arunvir Singh, along with several senior officials and board members. The proposals included crucial decisions related to security, tourism, industrial investment, power supply, rural development, and…

Regulatory

ED attaches ₹44-crore Delhi house of Bhasin Infotech accused of duping homebuyers

NEW DELHI: A residential property in Delhi worth more than Rs 44 crore has been attached under the anti-money laundering law as part of an investigation against a Noida-based realty company and its promoters accused of duping homebuyers, the Enforcement Directorate said Wednesday. The case pertains to Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and its director Satinder Singh Bhasin. The money laundering case stems from multiple Uttar Pradesh Police (Noida) FIRs filed in 2015 against BIIPL, Grand Venice group entities, Bhasin, Quincy Bhasin and others on charges of cheating, fraud and criminal conspiracy. It was alleged in the police…

Rera

About ₹128 crore returned to over 350 homebuyers this year: UP-RERA

LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) has claimed to have recovered Rs 128 crore from promoters who failed to complete their housing projects and deposited the amount into the bank accounts of around 376 homebuyers so far this calendar year. With this, UP Rera has, to date, transferred Rs 1,360 crore into the bank accounts of approximately 5,500 homebuyers who never received possession of their homes. “So far, we have issued over 12,900 recovery certificates (RCs) worth Rs 3,900 crore, predominantly in the national capital region (NCR). We assure every complainant (homebuyer) who has approached Rera…

Residential

Relief for 4,000 buyers as Noida authority approves co-developer for four Supertech projects

NOIDA: Nearly 4,000 homebuyers are set to benefit as Noida Authority board has allowed a co-developer to complete four stalled group housing projects developed by debt-ridden Supertech Ltd in the city. The clearance paves the way for Apex Group to step in and revive The Romano in Sector 118, North Eye and Cape Town in Sector 74, and Eco City in Sector 137. In April, Apex Group submitted a resolution plan before the Supreme Court seeking to revive 16 projects of debt-ridden realty firm, giving hope to over 15,000 homebuyers. The company agreed to clear Rs 678 crore of dues…

Infrastructure

GDA seeks central funds for Noida-Ghaziabad metro link

GHAZIABAD: Ghaziabad Development Authority (GDA) has taken a fresh initiative to revive Noida Electronic City-Sahibabad metro project — an extension of the Blue Line metro corridor — by suggesting that it should be funded by grants made under 16th Finance Commission. A letter to this effect has been written to the state govt, seeking Rs 2,441 crore. GDA vice chairperson Atul Vats said on Monday, “We have written to UP govt. We have quoted a grant of Rs 2,441 crore, out of which Rs 1,873 crore is for the metro project.” Over 5 lakh people stand to benefit from the…

Residential

Flats cancelled, Amrapali buyers protest at court receiver’s office in Noida

NOIDA: Fed up with National Buildings Construction Corporation (NBCC), the homebuyers of Amrapali projects staged a protest outside the court receiver’s office in Sector 62 on Friday. The buyers, who have moved Supreme Court, are demanding “a fair probe into the matter” during the next hearing. The protesters alleged their flats were cancelled and later awarded to other players at a very low cost to make money. “The buyers were not given a chance to submit their representation,” they alleged. Attempts to contact Gaur builder and NBCC for their comments failed. Facing protests from Amrapali homebuyers, NBCC has defended its…

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GNIDA offers housing plots near Noida airport, one costs ₹152 crore

NOIDA: Greater Noida Industrial Development Authority (GNIDA) has unveiled a premium group housing plot scheme near the upcoming Noida International Airport, with the largest parcel commanding a reserve price of Rs 152 crore. The Authority has put three prime plots on the auction block through e-bidding — 18,215sqm in Sector Mu with a reserve price of Rs 97 crore, a 30,000sqm plot in Sigma III with a reserve price of Rs 152 crore, and a 3,999sqm land parcel in Alpha II with a base price of Rs 25 crore. Officials said these parcels were strategically located near the upcoming airport…