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…

IndustryLatest Stories

Noida Authority Installs Notices on Housing Projects for Dues

NOIDA: The Noida Authority has begun placing boards outside housing projects where promoters have not cleared significant land dues and have not applied for the government’s rehabilitation scheme. Images of these boards are being shared on the Authority’s website as part of a strategy aimed at resolving issues with certain builders. The initial board has been set up outside Lotus Panache, a project by Granite Gate Properties currently under insolvency proceedings at the National Company Law Tribunal (NCLT). This initiative has faced strong opposition from residents who argue it breaches the moratorium imposed during the corporate insolvency resolution process (CIRP)…

InfrastructureLatest Stories

FONRWA urges Noida to clear backlog; CEO vows 100 projects

NOIDA: A delegation from the Federation of Noida Residents Welfare Associations (FONRWA), representing over 150 RWAs, recently met with officials from the Noida Authority to urge action on delayed civic projects ahead of Diwali. The executive committee held discussions with Noida Authority CEO Lokesh M., along with ACEOs Krishna Karunesh and Satishpal, OSD Mahendra Prasad, and GMs A.K. Arora, S.P. Singh, and R.P. Singh, as well as DGM Vijay Rawal and others. FONRWA president Yogendra Sharma expressed concerns that development initiatives across various sectors have been halted and decisions from a prior RWA meeting remain unaddressed. The CEO responded that…

IndustryLatest Stories

Noida’s Land Dispute Resolved; Wave Mega City Centre Opens

NOIDA: After a decade-long impasse, the Noida Authority has successfully resolved issues surrounding prime land in the city. The land surrender and reallocation for the Wave Mega City Centre Pvt Ltd project has been finalized under UP’s project settlement policy. Initially allocated 6.2 lakh sqm in sectors 25A and 32 in 2011 for the Mega City Centre project, the developer has surrendered 5 lakh sqm, retaining 1.2 lakh sqm with approvals from both the state government and the Authority’s board on September 26. The Authority intends to utilize the reclaimed land for commercial development under a mixed-use category, instructing its…

Latest StoriesResidential

Noida Residents Demand Action on Demolition Notices for Extensions

NOIDA: Frustrated with ongoing notices from the Noida Authority regarding what they consider minor home alterations, various residents’ groups have approached local MLA Pankaj Singh, requesting the repeal of Section 10 of the Uttar Pradesh Industrial Area Development Act. This section grants the Authority the authority to issue notices to property owners over unauthorized constructions and modifications. Recently, an increasing number of homeowners in older sectors such as 22, 34, 12, 51, and 71 have received notices for changes like adding glazing to verandahs and installing doors or fences in backyards. Many residents argue these adjustments are basic improvements for…

IndustryLatest Stories

Noida Authority Board to Discuss Unified Policy, Budget on Oct 3

NOIDA: The Noida Authority board will discuss over 35 proposals, including amendments to the Unified Policy that aims to standardize land norms across the three development authorities in the upcoming meeting on Friday. The meeting will be chaired by the industrial development commissioner and Noida Authority chairman, Deepak Kumar. Key topics include establishing a 300 TDP integrated waste management plant and budget allocation for the Noida International Airport. Officials have stated that the Unified Policy’s goal is to unify land regulations across Noida, Greater Noida, and YEIDA, which will enhance consistency in allotment and development operations. The board is anticipated…

IndustryLatest Stories

Noida Authority Cancels Sports City Land Over Unpaid Dues

NOIDA: The Noida Authority has rescinded the allotment of approximately 1.1 lakh sqm of land to Lotus Greens Constructions, the primary developer of the Sports City project in Sector 150. This decision comes after the builder failed to pay land dues despite numerous reminders over the last nine years. The cancellation order, issued on September 4, is the first action taken against a Sports City developer since the scheme launched over a decade ago. Noida Authority CEO Lokesh M stated, “We will now take possession of the land.” Officials revealed that Lotus Greens was initially granted nearly 12 lakh sqm…