Tag: Noida Sports City

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SC Orders Noida Authority to Act on Sports City Proposals

NEW DELHI: The Supreme Court of India has instructed developers involved in the Noida Sports City project to submit revised proposals to the Noida authority within two weeks. The authority must take appropriate action within the following four weeks. This order was issued while hearing several special leave petitions related to redevelopment, dues, occupancy certificates, and enforcement issues surrounding plot SC-02 in Sector 150 and other related parcels in the Sports City scheme. The ruling, delivered by a bench led by Justice M.M. Sundresh and Justice Satish Chandra Sharma on November 24, 2025, provides a comprehensive framework for addressing dues,…

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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NOIDA: The Noida Authority has rescinded the allotment of approximately 1.1 lakh sqm of land to Lotus Greens Constructions, the primary developer of the Sports City project in Sector 150.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…

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Noida Homebuyers Protest Over Delayed Project Possession

NOIDA: Over 80 homebuyers from Lotus Arena in Sector 79 protested on Sunday due to the project’s incompletion and the delay in possession. The development spans 50,000 square meters on Plot No. SC-01/A2 and comprises 1,080 flats, of which 858 units have been sold, leaving 222 unsold. Launched in 2014 with an approved layout from the Noida Authority, project promoters reportedly mismanaged around Rs 387 crore of homebuyers’ funds. This mismanagement triggered the initiation of the Corporate Insolvency Resolution Process (CIRP) in 2020, leading to a resolution plan approved by the National Company Law Tribunal (NCLT) in 2023, which appointed…

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SC Hearing Next Week: Sports City Builders Begin Repayment

NOIDA: In response to notices from the Noida Authority, several builders engaged in the Noida Sports City projects have begun settling their outstanding dues. A notable action includes a consortium partner of the Sector 150 Sports City project, led by Lotus Green Constructions, which has made a payment of Rs 80 crore. Officials indicated that other consortium partners in this project have also shown readiness to make payments and are expected to do so shortly. Back in March, the Authority issued notices mandating developers to clear longstanding dues within one month, as per a high court directive from February. Outstanding…