Tag: Noida Authority

Latest StoriesRegulatory

Allahabad HC Rejects Noida Authority’s Charge on Windsor Tower

NOIDA: The Allahabad High Court has overturned a nearly Rs 12 crore demand made by Noida Authority from Windsor Corporate Tower. In a ruling delivered on October 31, Justice Prakash Padia stated that extension fees should be calculated based on the original lease premium rather than current allotment rates or location fees. The court annulled three orders — dated May 25, 2018, September 3, 2020, and January 15, 2021 — issued by Noida Authority and the state government. The court mandated that the Authority must recalculate the extension fees strictly according to the original lease agreement and reimburse any excess…

Latest StoriesRegulatory

Noida Authority Seals 3 Lotus Panache Towers Over ₹700 Cr Dues

Representative image NOIDA: The Noida Authority has sealed three under-construction towers and 10 commercial outlets at the Lotus Panache project in Sector 110 due to unpaid dues totaling Rs 703 crore and illegal construction without proper building plan approval. The action targets the project’s developer, Granite Gate Properties Pvt Ltd. This project, covering 1.6 lakh sqm and approved for 31 towers with 4,018 housing units, has faced scrutiny over violations. Last year, the Authority had already sealed three towers from the same project for similar issues. Earlier this year, the developer, currently in insolvency proceedings, approached the Allahabad High Court.…

Latest StoriesResidential

Noida Authority Notifies ATS Homes Over Sports City Delay

NOIDA: The Noida Authority has notified ATS Homes, the primary developer for the Sports City project in Sector 152, regarding violations of lease agreements, construction delays, and a failure to provide essential sports infrastructure nearly ten years after the land was allocated. Officials report that ATS Homes and its consortium partners owe the authority ₹2,746 crore in outstanding dues and have consistently ignored reminders regarding their responsibilities. The 5 lakh sqm land parcel, of which ATS occupies 4 lakh sqm, was granted in July 2015 with a mandate to complete all sports facilities within five years and obtain occupancy certificates…

IndustryLatest Stories

Noida Restores Rehab Benefits to Sikka Infra Amid ₹252 Crore Dues

Representative AI image NOIDA: The Noida Authority board has given preliminary approval to Sikka Infrastructure to regain benefits under the state government’s legacy stalled project policy for its Sector 143B housing project, Sikka Karnam Greens. This relief will take effect only after the builder withdraws its pending revision petition with the state government. The Authority had previously revoked all benefits granted to Sikka under the stalled project policy and issued a recovery certificate (RC) for dues amounting to approximately ₹252 crore. The latest decision states that the RC will be withdrawn once Sikka meets the stipulated conditions, including the withdrawal…

IndustryLatest Stories

New Noida Project Land Acquisition to Start Soon

Representative image NOIDA: The process of land acquisition for New Noida, set to be the upcoming industrial township, is about to commence. Officials report that the Noida Authority is finalizing the compensation plan for farmers in the Dadri–Noida–Ghaziabad Investment Region (DNGIR). The Authority will appoint officials to manage acquisition efforts across 80 identified villages in Gautam Budh Nagar and Bulandshahr districts. As one official explained, “The land acquisition will utilize a hybrid model that includes direct purchase, mutual consent, and land pooling to promote farmer involvement and ensure transparency throughout the process.” New Noida will cover approximately 209 square kilometers…

Latest StoriesResidential

Uttar Pradesh Grants Noida Authority Extra FAR for Sector 107

NOIDA: The Uttar Pradesh government has rejected a revision petition contesting the Noida Authority’s decision to grant an additional floor area ratio (FAR) to a project developer in Sector 107. The petition was filed by the Great Value Sharanam Apartment Owners Association (AOA) against Great Value Projects India Ltd. In an order dated October 27, Additional Chief Secretary Alok Kumar from the Industrial Development Department ruled that the application under the UP Apartment (Promotion of Construction, Ownership & Maintenance) Act was not appropriate, noting that the contested orders were issued under the UP Industrial Area Development Act. The AOA sought…

Latest StoriesResidential

10,000 Noida Flats in Registry Haze Amid Unpaid Dues by Builders

NOIDA: Twenty-two real estate projects in the city owe Noida Authority approximately ₹5,560 crore in dues, leaving around 9,750 owners uncertain about when their flats can be registered. The Noida Authority has issued notices, frozen registries, and initiated recovery actions, including recovery certificates in collaboration with the district administration. According to the state’s rehabilitation policy, dues could have been reduced to ₹4,260 crore if developers had paid the mandatory 25% upfront. The defaulting builders include those who partially paid after accepting the settlement, those who accepted the policy but paid nothing, and those who have not accepted it at all.…

IndustryLatest Stories

UP Govt Supports Noida Authority’s Plan to Cancel 29 Idle Plots

NOIDA: The Uttar Pradesh industrial development department has upheld the Noida Authority’s decision to revoke the land allotment of 29 industrial allottees due to failure to initiate construction, despite several extensions and relaxations from the state government. On October 23, additional chief secretary (industrial development) Alok Kumar dismissed a revision petition from Elevator IT Solutions Ltd, which contested the Noida cancellation order from July 10, 2023, deeming it arbitrary and inconsistent with lease terms. The dispute arose over a 4,130 sqm plot in Sector 62, originally allocated for IT/ITES activities in 2008. According to the lease deed executed on August…

InfrastructureLatest Stories

Noida Residents Rely on Private Tankers for Water Supply

NOIDA: Residents of Antriksh Golf View 2 in Noida’s Sector 78 have been facing severe water shortages for the past three months, heavily relying on private tankers to satisfy their daily requirements. The issue arose from the developer’s inability to secure sufficient water connections from the Noida Authority, causing a supply deficit across the 1,055 flats in the 12 residential towers. Residents report that while the developer has been sourcing private tankers to fill the supply gap, they have been passing the costs onto homeowners via inflated maintenance bills. Recently, around 400 flat owners received texts from the developer demanding…

Latest StoriesResidential

Noida Sports City Dues Exceed ₹11,000 Crore; 30% Recovered

NOIDA: Over 15 years after the initiation of the Sports City projects, residential towers have emerged across sectors 78, 79, 150, and 152. However, the promised stadiums, tracks, and sports fields remain largely unrealized. The primary issue is a massive financial discrepancy—the developers owe Noida Authority a staggering Rs 11,642 crore, yet only Rs 319 crore has been recovered to date, despite numerous court orders and high-profile investigations. The Sports City initiative was launched during the Commonwealth Games in 2010, aiming to create integrated townships that combined world-class sports facilities with residential and commercial areas. Developers were given large portions…