Latest StoriesRegulatory

Noida Authority Denies Max Estates’ ₹67 Crore Waiver Request

AI-generated Representative Image NOIDA: The Noida Authority has denied a request from Max Estates Ltd to eliminate constitution change charges (CIC) amounting to approximately Rs 67 crore related to the acquisition of the halted Delhi One project in Sector 16B. These charges arise from a comprehensive shareholding shift due to insolvency proceedings and are part of the Authority’s updated unified policy announced in February. Initially, Max sought a total waiver of the CIC but later revised its proposal to pay Rs 22 crore—around 40% of the assessed fees—into an interest-bearing account under certain conditions. The Authority, however, maintained that the…

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FIR Filed Against Supertech Cape Town AOA for STP Issues

NOIDA: The Noida Authority has lodged a police complaint against the Apartment Owners Association (AOA) of Supertech Cape Town in Sector 74 for discharging untreated sewage into the sector’s drainage system. As per the guidelines set by the National Green Tribunal (NGT), high-rise developments are required to have operational sewage treatment plants (STPs) on-site. According to RP Singh, general manager (Jal) at the Noida Authority, inspections carried out on Friday revealed that the STP was not functioning according to the mandated standards. “We discovered that untreated sewage was being directly released into the drain. This poses a risk to groundwater…

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Allahabad HC Secures Registry of 220 Noida Flats After Builder’s ₹25 Crore Offer

NOIDA: The Allahabad High Court has directed the Noida Authority to proceed with the flat registries for the Grand Omaxe and Forest Spa projects in Sector 93B, facilitating 220 families in obtaining their property documents. The ruling followed the developer’s commitment to deposit an additional ₹25 crore with the Authority within two weeks, enabling the registry of 50 more flats. Previously, the company had contributed ₹93 crore under the state government’s rehabilitation scheme for stalled projects, allowing 170 flats to gain registration approval. The Grand Omaxe and Forest Spa projects feature a total of 1,692 sanctioned flats, out of which…