Tag: Noida housing projects

Latest StoriesRegulatory

ED seizes ₹400 crore in assets linked to Jaypee Group fraud

NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday that it has attached assets worth ₹400 crore linked to a trust associated with former Jaypee Infratech MD Manoj Gaur, as well as with Honeyy Katiyal, the promoter of leading housing brokerage Investors Clinic. This action, under the Prevention of Money Laundering Act (PMLA), is part of an investigation into Jaypee group companies—Jaypee Infratech Ltd (JIL) and Jaiprakash Associates Ltd (JAL)—involving allegations of large-scale fraud and misappropriation of funds collected from homebuyers of the Jaypee Wishtown and Jaypee Greens projects in Noida. According to the ED, a provisional order has been…

Latest StoriesResidential

Only 20% of Noida Housing Projects Have Cleared Dues

Sure! Here’s a rewritten version of your content: — NOIDA: A detailed financial analysis of 116 group housing projects allocated between the mid-2000s and early 2010s reveals that the Noida Authority has yet to recover ₹34,283 crore in outstanding dues as of November 30. A significant portion of this total, roughly ₹26,000 crore, is associated with projects currently under insolvency proceedings or litigation, rendering them nearly impossible to recover in the short term. Of the outstanding amount, ₹18,703 crore is from nine Amrapali projects and five Unitech projects, both under the oversight of the Supreme Court. Additionally, ₹7,300 crore is…