Tag: Noida

Latest StoriesRera

UP-RERA fines three projects ₹5 lakh for unregistered promotions

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has fined three projects ₹5 lakh each for marketing and selling units without the required registration, breaching the Real Estate (Regulation and Development) Act, 2016. During its 198th meeting, UP-RERA discovered that ‘Estate 105’ (Max Estate), ‘Sobha Rivana’ (Sobha) in Noida, and ‘Avikalp Estate’ (Dhanushkothi Builder & Developer) in Lucknow were being promoted or sold without obtaining the necessary RERA registration. UP-RERA noted that these projects were advertised on digital platforms, and in one instance, units were sold prior to registration, violating section 3 of the Act, which mandates registration…

Latest StoriesResidential

Legal Challenges for Jaypee Sports City Buyers Amid Adani Takeover

NOIDA: The National Company Law Tribunal (NCLT) has approved Adani Enterprises’ ₹14,535 crore resolution plan for Jaiprakash Associates Ltd (JAL) in accordance with the Insolvency and Bankruptcy Code, 2016. The future of the stalled Jaypee Sports City project, along with the thousands of homebuyers affected, is now contingent upon the outcome of a simultaneous legal dispute before the Supreme Court. The Supreme Court is scheduled to hear a petition from the developer challenging a March 2025 ruling by the Allahabad High Court, which affirmed the decision made by the Yamuna Expressway Industrial Development Authority (YEIDA) to annul JAL’s allotment of…

IndustryLatest Stories

Noida Airport Boost: 54 New Industries, 700 Leases Signed

NOIDA: Industrial activity surrounding the upcoming Noida International Airport has seen significant growth over the past year. According to data from the Yamuna Expressway Industrial Development Authority (YEIDA), industrial allotments increased from 3,059 last March to 3,113 by March 13 of this year, adding 54 plots. The execution of lease deeds also saw a remarkable rise, jumping from 1,632 to 2,363, marking an increase of 731 within a year. Additionally, the number of units taking physical possession of industrial plots surged from 990 in March 2025 to 1,785 in March 2026. This growth is indicative of increasing investor interest in…

Latest StoriesResidential

Noida: Mahagun Mywoods Runs 11 Hours on Genset After Power Cut

Representative image NOIDA: Power to Mahagun Mywoods in Greater Noida West was cut on Monday morning due to the developer’s failure to pay electricity dues amounting to approximately Rs 72 lakh, leaving thousands of residents reliant on diesel generators. The power connection was restored around 8 PM after the outstanding amount was settled. Noida Power Company Limited (NPCL) officials reported that the disconnection happened at 9 AM after multiple notices to the society management went unanswered. The residential complex comprises 31 towers with around 6,100 flats. Of these, 4,800 units in 27 towers are occupied, housing over 15,000 residents. The…

Latest StoriesRegulatory

SC offers Noida Authority last chance on stalled sports city project

NEW DELHI: The Supreme Court has granted a final chance to the New Okhla Industrial Development Authority to follow its directives related to delayed real estate projects associated with the Noida Sports City development. A bench comprising Justices M M Sundresh and N Kotiswar Singh issued the order. “As a final opportunity, the earlier orders made by this court on November 24, 2025, and January 15, 2026, must be complied with by the respondent Noida,” stated the bench. In the November 24 ruling, the Supreme Court approved a structured revival plan for the project being developed by Lotus Green Constructions…

Latest StoriesResidential

Noida: La Residentia Residents Renew Maintenance Protest

NOIDA: Residents of La Residentia Society in Greater Noida West continued their protest for a second consecutive day on Sunday, voicing concerns over alleged builder negligence and ongoing maintenance issues. This demonstration follows similar protests earlier this year, with residents asserting that their complaints have gone largely unheeded. With approximately 2,200 of the society’s 3,256 flats occupied, residents are grappling with several issues, including inconsistent water supply, frequent power outages, faulty lifts, and inadequate maintenance of shared areas. Families, including children and elderly residents, gathered outside the builder’s sales office, demanding an immediate meeting with company representatives to address their…

Latest StoriesRegulatory

Uttar Pradesh Stamps Dept Launches Revenue Boost Campaign

LUCKNOW: As the financial year approaches its conclusion, the Stamp and Registration Department has initiated a statewide campaign aimed at increasing revenue. This includes expediting the registration of unregistered properties, resolving pending stamp cases, and recovering outstanding stamp duties. The department is also reviewing stamp rates to adjust the minimum market value of properties. An official stated that unregistered properties from development authorities, the Housing Development Council, UPSIDC, and other institutions are being prioritized for registration. Additionally, the department is evaluating projects from development authorities and government agencies to ensure timely stamp duty payment. In Gautam Budh Nagar, it’s anticipated…

Latest StoriesResidential

Ownership Verification Required Before Property Registration in UP

LUCKNOW: On Tuesday, the Cabinet made a significant decision regarding property sales registration, mandating the stamp and registration department to verify property ownership details prior to registration. Ravindra Jaiswal, the Minister of State (Independent) for Stamp and Registration, stated that new rules will soon be established to require verification of ‘khatauni’ (land records) and ownership documents before registration, aiming to eliminate fraudulent or contested land registrations. “We have encountered multiple instances where properties are sold by individuals who are not the legitimate owners, including prohibited or restricted properties, properties sold beyond legal ownership rights, and even those owned by the…

Latest StoriesResidential

Uttar Pradesh Cabinet Greenlights Affordable Housing Policy

LUCKNOW: On Tuesday, the state cabinet approved a new policy to implement affordable housing initiatives under the Pradhan Mantri Awas Yojana-Urban 2.0, including affordable housing in partnership (AHP) and affordable rental housing (ARH) components. The initiative aims to provide accessible housing for middle-income and economically weaker sections of society. Beneficiaries will receive financial aid of Rs 1.5 lakh from the Centre and Rs 1 lakh from the state government. Additionally, developers of approved projects will benefit from exemptions on land-use change charges, map approval fees, and external development fees. Beneficiaries will also enjoy reduced stamp duty rates. Under the ARH…

InfrastructureLatest Stories

Cabinet Approves ₹3,630.77 Cr for Jewar Airport Road Connectivity

NEW DELHI: On Tuesday, the Cabinet approved a revised total capital expenditure of ₹3,630.77 crore for the development of road connectivity to the forthcoming Jewar International Airport in Uttar Pradesh. The proposed 31.42-kilometer corridor will offer direct, high-speed connections from South Delhi, Faridabad, and Gurugram to the airport, boosting economic growth and logistics efficiency across the National Capital Region (NCR), according to an official statement. The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has endorsed a revised budget of ₹3,630.77 crore for creating greenfield connectivity to the airport via the Delhi-Faridabad-Ballabhgarh-Sohna Spur of the Delhi-Mumbai…