Tag: Noida

IndustryLatest Stories

Uttar Pradesh to Use Vacant Society Spaces in Redevelopment Plan

LUCKNOW: Residents of Lucknow and other significant cities may join forces to redevelop existing housing societies. Following the example set by metro cities, a new redevelopment policy launched by the state government allows for the utilization of additional space in residential layouts to create larger units. If two-thirds or more apartment owners in a layout exceeding 1,500 sq mt (16,146 sq ft) consent, redevelopment efforts can commence to construct improved apartments. To support the project’s financial viability and attract private developers, various incentives will be available. The local housing development authority will provide a 50% rebate on development charges, an…

InfrastructureLatest Stories

Yamuna Authority Plans 500 Acres for Japan and Singapore Cities

LUCKNOW: The Yamuna Expressway Industrial Development Authority (YEIDA) has submitted a proposal to the state government for the development of Japan City and Singapore City along the Yamuna Expressway, officials reported on Thursday. YEIDA CEO R K Singh stated that the proposal, sent on February 18, notified the state’s Infrastructure and Industrial Development Commissioner about the identified land for these projects within the authority’s jurisdiction. He also mentioned that the authority has developed a land acquisition plan for both initiatives. Singh highlighted that this information was requested in light of Chief Minister Yogi Adityanath’s upcoming official visits to Japan and…

InfrastructureLatest Stories

Four Stations in Phase 1: NMRC to Revise Greater Noida West Metro

Here’s a rewritten version of the content: — NOIDA: Following the Union Cabinet’s approval of the Aqua Line extension from the Botanical Garden to Sector 142, the Noida Metro Rail Corporation (NMRC) announced it will develop a revised detailed project report (DPR) for the Greater Noida West metro corridor. The updated plan will feature only four stations in Phase 1, as opposed to the previously proposed eleven. In this revised plan, the metro corridor will include stations at sectors 61, 70, 123, and Greater Noida Sector 4 (Gaur Chowk) in the first phase. Initially, an 18 km track was suggested…

Latest StoriesRegulatory

Delhi court denies bail to ex-Jaypee Infratech MD in case

NEW DELHI: A Delhi court has rejected former Jaypee Infratech managing director Manoj Gaur’s bail application in a money-laundering case, emphasizing that the allegations involve cheating and criminal breach of trust affecting many individuals. The court remarked that while numerous homebuyers sought justice after investing their life savings in their desired homes, Gaur was benefitting from the alleged proceeds of crime. Additional Sessions Judge Dhirendra Rana examined Gaur’s plea, noting that Gaur was arrested by the Enforcement Directorate (ED) on November 13, 2022, in relation to a ₹14,599-crore fraud involving homebuyers. The ED alleges that the money collected from homebuyers…

Latest StoriesRegulatory

NCLT Forms Committee to Address Jaypee Infratech Complaints

NEW DELHI: The National Company Law Tribunal (NCLT) in Delhi has mandated the establishment of an independent expert committee to address the complaints of allottees involved in Jaypee Infratech projects, now under Suraksha Realty’s development. This ruling was issued on February 12, 2026. In a submission by advocates Ashwarya Sinha and Aditya Malhotra representing homebuyers, concerns were raised about excessive delays, unclear construction schedules, and unfair financial demands on buyers. The approved resolution plan included an independent monitoring committee (IMC), which was subsequently disbanded in May 2024 without notifying stakeholders. Following a review of all arguments, the court decreed that…

IndustryLatest Stories

YEIDA earns ₹389 crore from Noida airport plot e-auction

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) raised a total of ₹389 crore from the e-auction of three group housing plots spanning approximately 13 acres. The combined reserve price for these plots was set at ₹283 crore, with final bids surpassing this figure by ₹106 crore, significantly boosting the authority’s revenue from the auction held on Friday. Provence Developers acquired one plot with a bid of ₹95 crore, Eldeco Infrastructure & Properties bid ₹105 crore, and Northwind Estate topped the auction with a bid of ₹189 crore. With these latest three allocations, the total number of…

InfrastructureLatest Stories

Metro extension from Noida Sector 142 to Botanical Garden Approved

NOIDA: The Aqua Line extension from Botanical Garden to Noida Sector 142, featuring eight stations, will increase the city’s operational metro network to over 61.62 km. On Saturday, the Centre approved the extension of the Aqua Line Metro corridor, with an estimated cost of Rs 2,254.35 crore. The elevated stretch of 11.56 km is scheduled for completion within four years from the sanction date, as per a statement from the Noida Metro Rail Corporation. The proposed stations along the corridor will include Botanical Garden, Noida Sector 44, Noida Office, Noida Sector 97, Noida Sector 105, Noida Sector 108, Noida Sector…

IndustryLatest Stories

UP Approves Policy to Redevelop Buildings Over 25 Years Old

GHAZIABAD: On February 10, the Uttar Pradesh government announced the Urban Redevelopment Policy, 2026, introducing a comprehensive framework for redeveloping unsafe and dilapidated buildings that contribute to “urban decay” and pose risks to residents statewide. The policy allows for the redevelopment of both public and private housing projects that are at least 25 years old and cover a minimum of 1,500 square meters, contingent on a mandatory structural audit. Additionally, defunct industrial units shuttered for over three years and declared bankrupt by the National Company Law Tribunal, without any ongoing legal disputes, are also eligible. Government agencies will oversee the…

Latest StoriesRegulatory

ED summons Jaypee Infratech homebuyers in money laundering case

NOIDA: The Enforcement Directorate (ED) has summoned homebuyers of Jaypee Infratech Ltd (JIL) as part of an ongoing money laundering investigation regarding the alleged misallocation of funds within the company’s insolvency resolution plan. Summons were issued by the Delhi-II Zonal Office of the ED, directing affected homebuyers to appear before the agency and provide updates on their respective projects related to the Jaypee group, as well as to submit statements to the investigating officer. A representative for the homebuyers confirmed receiving a summons two weeks ago and has since recorded a statement. Reports indicate that several other buyer representatives have…

Latest StoriesResidential

Experion Developers to Invest ₹1,500 Crore in Noida Housing Project

NEW DELHI: Experion Developers has announced a ₹1,500 crore investment to develop the residential project SAATORI in Sector 151, Noida. The project, which spans five acres, features three standalone towers rising to G+38 floors, with one dedicated tower for 4BHK residences. BK Malagi, Vice Chairman of the company, stated, “This ₹1,500 crore investment underscores our long-term commitment to providing lasting value and world-class living standards.” DPA of Singapore is the architectural consultant, while Plandscape from Bangkok is responsible for the landscape design of the project. Published On Feb 12, 2026 at 04:41 PM IST Join a community of over 2…