Tag: Noida

Latest StoriesRegulatory

NGT Orders Check on Ongoing ‘Illegal’ Construction in Greater Noida

Representative AI Image NEW DELHI: The National Green Tribunal has mandated the Uttar Pradesh Pollution Control Board (UPPCB) to investigate claims that certain under-construction projects in Greater Noida are continuing despite having received closure orders for breaching environmental regulations. A bench, comprising NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad, was examining a case concerning alleged breaches of environmental norms, including the absence of an Environmental Impact Assessment (EIA) notification and required consents to establish (CTE) and operate (CTO) from the UPPCB. The petition was submitted by BJP leader and former municipal corporator Rajendra Tyagi, represented by Advocate…

Latest StoriesRera

Uttar Pradesh RERA Registers 143 Projects Worth ₹31,952 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) recorded 143 new real estate projects in the first half of 2026, encompassing a total of 46,049 housing units with an estimated capital investment of ₹31,952 crore. The number of new project registrations increased from 134 during the same period in 2025, with proposed units rising from 35,082. Lucknow led the new project registrations with 37, while Gautam Buddh Nagar (Noida and Greater Noida) topped in terms of capital inflow. Even with fewer projects (27), Gautam Buddh Nagar secured ₹15,678 crore for 13,160 units. Meanwhile, Lucknow attracted ₹3,834 crore for…

Latest StoriesResidential

Supertech Homebuyers: Work Slows Despite NBCC Takeover

Representative AI image NOIDA: Residents from Supertech’s unfinished projects are urging authorities to speed up construction, noting that several developments remain incomplete despite the National Buildings Construction Corporation (NBCC) being tasked with their completion. Arun Sharma, president of Supertech Capetown in Sector 74, highlighted that the project encompasses 5,038 flats across 39 towers, with three towers still not completed. “The developer has transferred 4,419 flats, but nearly 500 remain undelivered. Out of those delivered, around 3,300 flats have been registered,” Sharma stated. He continued to express that the society faces many issues, including the lack of a functional firefighting system,…

Latest StoriesRegulatory

SC delays plea hearing for Supertech twin towers homebuyers’ refund

NEW DELHI: The Supreme Court has postponed the hearing on a plea demanding refunds for homebuyers of the demolished twin towers belonging to Supertech in Noida, granting an additional three months. A bench led by Chief Justice Surya Kant, alongside Justices Joymalya Bagchi and V Mohana, acknowledged ongoing efforts to address the claims of homebuyers who declined alternative allocations. The hearing was postponed as the bench was informed that time was needed to explore other options for fulfilling the homebuyers’ claims. A lawyer representing several affected buyers noted that refunds have not yet been issued, with the last payment made…

IndustryLatest Stories

Gulshan Group to Invest ₹1,000 Crore in Wave City Project

Representative AI image NEW DELHI: The Gulshan Group is set to invest approximately ₹1,000 crore in the development of Gulshan Empire, a residential project located in Phase-I, Sector-1 of Wave City. The project is projected to yield sales exceeding ₹1,200 crore. Spanning 5.5 acres (22,505 sq metres), this single-phase development will feature 500 residential units distributed across six towers, each comprising 31 stories. The land was acquired last year for around ₹175 crore, as stated by Deepak Kapoor, a director of the company. Designed by DFI Architects, the project’s completion aligns with the RERA timeline slated for 2031. The company…

Latest StoriesRegulatory

ED seizes 389 properties worth ₹240 crore in Grand Venezia case

ED provisionally attaches assets worth ₹158.37 crore in Rockland Hospitals PMLA case NEW DELHI: The Enforcement Directorate’s Lucknow Zonal Office has provisionally attached 389 immovable properties valued at ₹240.03 crore under the Prevention of Money Laundering Act, 2002, concerning a money laundering case involving Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, Satinder Singh Bhasin, and others. The agency noted that the current market value of the attached properties exceeds ₹700 crore. The assets seized include five properties in Goa, valued at ₹37 crore, owned by India Oceanworld and Goa Connect Properties. Additionally, 384 commercial units and shops in Grand…

Latest StoriesResidential

FONRWA Acts Against Unlicensed PGs in Noida

Representative AI image NOIDA: The Federation of Noida Residents’ Welfare Associations (FONRWA) has urged the Noida Authority to take action against unauthorized paying guest (PG) accommodations in residential sectors, flagging issues related to fire safety, parking shortages, and security. In a letter to the Authority, KK Jain, the secretary general of FONRWA—which represents over 120 RWAs—stated that many PGs are operating without necessary approvals or compliance with safety regulations. He claimed that numerous accommodations lack fundamental fire safety measures such as fire extinguishers and emergency exits, presenting significant risks to residents. “Most of these facilities lack essential fire safety equipment,…

Latest StoriesRegulatory

12-Year Housing Project Stalled: Refund Ordered for Buyers

NOIDA: The District Consumer Disputes Redressal Commission (DCDRC) has ordered the Yamuna Expressway Industrial Development Authority (YEIDA) to refund ₹2.8 lakh to a flat buyer, with an annual interest rate of 6%, due to the Authority’s failure to deliver a flat as promised in its 2014 housing scheme. Buyer Omveer Singh filed a complaint after the Yamunotri Housing Scheme failed to launch, and he never received possession of his assigned flat. Singh claimed he applied to the scheme on November 28, 2014, and was allotted an 880 square foot, 2BHK flat in Greater Noida’s Sector 22A, having paid a registration…

Latest StoriesRera

UP-RERA Requires Separate Bank Account for IFMS Deposits

Representative AI image NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced amendments to the UP-RERA General Regulations, 2019, establishing guidelines for the collection, management, transfer, and utilization of Interest Free Maintenance Security (IFMS) funds. The 12th amendment has been added under Regulation 47 and will take effect from the date of publication on the authority’s website. According to the updated regulations, promoters must collect IFMS from allottees at the time of registering a sale, lease, or sub-lease deed and deposit the amount in a designated account with a scheduled bank. The funds collected should be invested…

Latest StoriesRegulatory

CBI Files 16th Chargesheet Against Noida Builder, Bank Staff

NEW DELHI: The CBI has filed its 16th chargesheet in an ongoing investigation into alleged large-scale fraud cases involving homebuyers. This chargesheet accuses a Noida-based real estate firm and officials from two private banks of conspiring to defraud buyers and investors. The chargesheet has been presented before the Special Judge for CBI cases at Rouse Avenue District Court in New Delhi, as stated by officials. The CBI has charged “Saha Infratech Pvt. Ltd., its director, and officials from HDFC Bank Ltd. and ICICI Bank Ltd.” in connection with alleged fraudulent activities related to a housing project in Noida. The investigation…