Tag: Noida

Latest StoriesResidential

Ownership Verification Required Before Property Registration in UP

LUCKNOW: On Tuesday, the Cabinet made a significant decision regarding property sales registration, mandating the stamp and registration department to verify property ownership details prior to registration. Ravindra Jaiswal, the Minister of State (Independent) for Stamp and Registration, stated that new rules will soon be established to require verification of ‘khatauni’ (land records) and ownership documents before registration, aiming to eliminate fraudulent or contested land registrations. “We have encountered multiple instances where properties are sold by individuals who are not the legitimate owners, including prohibited or restricted properties, properties sold beyond legal ownership rights, and even those owned by the…

Latest StoriesResidential

Uttar Pradesh Cabinet Greenlights Affordable Housing Policy

LUCKNOW: On Tuesday, the state cabinet approved a new policy to implement affordable housing initiatives under the Pradhan Mantri Awas Yojana-Urban 2.0, including affordable housing in partnership (AHP) and affordable rental housing (ARH) components. The initiative aims to provide accessible housing for middle-income and economically weaker sections of society. Beneficiaries will receive financial aid of Rs 1.5 lakh from the Centre and Rs 1 lakh from the state government. Additionally, developers of approved projects will benefit from exemptions on land-use change charges, map approval fees, and external development fees. Beneficiaries will also enjoy reduced stamp duty rates. Under the ARH…

InfrastructureLatest Stories

Cabinet Approves ₹3,630.77 Cr for Jewar Airport Road Connectivity

NEW DELHI: On Tuesday, the Cabinet approved a revised total capital expenditure of ₹3,630.77 crore for the development of road connectivity to the forthcoming Jewar International Airport in Uttar Pradesh. The proposed 31.42-kilometer corridor will offer direct, high-speed connections from South Delhi, Faridabad, and Gurugram to the airport, boosting economic growth and logistics efficiency across the National Capital Region (NCR), according to an official statement. The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has endorsed a revised budget of ₹3,630.77 crore for creating greenfield connectivity to the airport via the Delhi-Faridabad-Ballabhgarh-Sohna Spur of the Delhi-Mumbai…

InfrastructureLatest Stories

Jewar Airport Set to Open Soon, Says Civil Aviation Minister

NEW DELHI: The government announced on Monday in the Rajya Sabha that the Jewar airport in Uttar Pradesh has received its aerodrome license and will be inaugurated shortly. In response to questions about the Noida International Airport at Jewar during Question Hour, Minister for Civil Aviation, Kinjarapu Rammohan Naidu, stated that there is a typical timeframe of 45 days to two months from the issuance of the aerodrome license to the commencement of actual flight operations. “I’m pleased to share that the first aerodrome license has been granted by the DGCA following extensive consultations with institutions such as the Airport…

IndustryLatest Stories

Raymond Realty & County Group Launch ₹1,200 Cr Noida Project

NEW DELHI: Raymond Realty has finalized arrangements to co-develop a residential project in Kandivali, Mumbai, making it their seventh joint venture in the city. The project is projected to have a gross development value (GDV) of approximately ₹3,000 crore, bringing the total GDV of Raymond Realty’s real estate portfolio to nearly ₹43,000 crore. In a separate venture, County Group has launched a luxury residential project named Clove County in Sector 151, Noida, adjacent to the Noida-Greater Noida Expressway, with an investment exceeding ₹1,200 crore. The project spans five acres and will consist of 226 apartments across three towers. It will…

IndustryLatest Stories

Uttar Pradesh: Water Bodies Required for 10-Acre Projects

Representative AI image LUCKNOW: The housing department has mandated that construction firms and individuals undertaking residential, commercial, mixed-use, or other real estate projects of 10 acres or more must allocate 1% of the land for a waterbody. This initiative aims to enhance groundwater recharge, as the water from the reservoir will be recycled for non-potable purposes like cleaning, green maintenance, and dust suppression. While existing provisions for rainwater conservation in group housing projects are present, incorporating a waterbody in the layout will facilitate water diversion and recycling for diverse daily needs. Senior officials from the department emphasized their goal of…

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 StoriesRegulatory

HC Urges Greater Noida Authority to Reinstate Cancelled Plot

NOIDA: The Allahabad High Court has reinstated a farmhouse plot valued at over Rs 100 crore to a firm, overturning a cancellation order issued nine years ago, effective immediately. A division bench comprising Justices Mahesh Chandra Tripathi and Kunal Ravi Singh ruled on Thursday to restore the 3.8 lakh sqm plot in Greater Noida to SDS Infratech, reversing the Greater Noida Authority’s 2017 cancellation order and instructing it to address the developer’s zero-period relief request within four months. The bench partially granted the writ petition, annulling the August 17, 2017 order that rescinded the April 25, 2011 plot allotment. This…

InfrastructureLatest Stories

YEIDA to Develop 500-Acre FinTech Hub Near Noida Airport

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has proposed a cutting-edge 500-acre FinTech Hub in Sector 11, near the Noida International Airport, and has released an expression of interest (EOI) for its development. This hub aims to create a premier financial ecosystem and will include essential financial services, transaction processing centers, IT and digital services, and customer support operations, establishing the region as a key FinTech destination. March 18, 2026, is the deadline for submission of applications from potential developers. The EOI also allows for the construction of corporate offices, conference facilities, auditoriums, cultural centers, kiosks,…