Tag: Noida

CommercialLatest Stories

Exotica Housing to invest ₹500 crore in Noida project

NEW DELHI: Exotica Housing is set to invest around ₹500 crore in its IT and ITES project, Exotica One32, located in sector 132, Noida. Covering an area of five acres, the project will provide IT and ITES office spaces ranging from 1,000 sq ft to 3,000 sq ft, distributed across two 27-story towers, as well as integrated retail spaces. Currently, office spaces are priced at ₹13,990 per sq ft, with phase-I expected to be ready for occupancy by January 2030. To date, the company has successfully delivered over 4,000 residential units across various projects in Delhi, Ghaziabad, Noida, and Greater…

InfrastructureLatest Stories

UP budget allocates ₹750 crore for Noida airport

LUCKNOW: The Uttar Pradesh government has announced an allocation of Rs 2,111 crore for the civil aviation sector in the 2026-27 Budget, emphasizing the development of the upcoming Noida International Airport, as per an official statement following the Budget presentation. Out of this total allocation, Rs 750 crore is designated for the development of the Noida International Airport in the Jewar area of Gautam Buddha Nagar district. The first phase of the airport is being developed through a public-private partnership. The government has also decided to expand the project from the initial plan of two runways to five runways. Efforts…

Latest StoriesResidential

Noida Builder Owes ₹1.8 Crore; Shivalik Homes Buyers Wait 10 Years

NOIDA: Over 350 homebuyers at Shivalik Homes in Greater Noida’s Surajpur have been waiting for more than a decade for paperwork confirming their ownership. Families have moved in over the years, yet property registries have remained inactive due to the developer’s outstanding lease rent dues of around ₹1.8 crore and failure to provide essential documents for occupancy and completion certificates. The project, managed by Cosmos Infraestate Private Limited and initiated in 2010, consists of four residential towers. Residents reported receiving fit-out possession in phases—Tower D in 2015, Tower B in 2016, and Towers A and C in 2017. However, necessary…

IndustryLatest Stories

Noida Authority Unveils E-Auction Plot Allotment Schemes

Representative image NOIDA: The Noida Authority has introduced several plot schemes across various categories, including religious, corporate, commercial, hotel, and group housing. Applications opened on Thursday and will be accepted until February 26. Allotments, except for religious plots, will occur through an e-auction. In the corporate office category, 10 plots in Sector 152 are available, with nine measuring 1,000 sqm each, and one larger plot of 4,000.6 sqm. Reserve prices range from approximately Rs 1 crore to Rs 4.4 crore. For religious use, two plots measuring 302 sqm and 600 sqm have been designated in Sectors 15A and 93B for…

Latest StoriesRegulatory

SC aids Supertech buyers, upholds NCLAT order for NBCC takeover

NEW DELHI: The Supreme Court has intervened to assist thousands of frustrated homebuyers who have waited nearly two decades for their dream homes. On Thursday, the court upheld an NCLAT directive for the state-owned NBCC to swiftly complete 16 housing projects by the financially troubled realty firm Supertech Limited. The court has prohibited all tribunals and high courts from issuing orders that could hinder construction efforts by the National Buildings Construction Corporation (NBCC) Limited. A bench, comprising Chief Justice Surya Kant and Justice Joymalya Bagchi, invoked its extraordinary powers under Article 142 of the Constitution, affirming the December 12, 2024,…

InfrastructureLatest Stories

YEIDA Dismantles Illegal Colony, Clears 25 Acres Near Noida Airport

Sure! Here’s a rewritten version of your content: Representative Image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) took significant action on Monday, reclaiming 25 acres of land valued at Rs 400 crore from illegal housing projects near the upcoming airport. During the operation, officials demolished an unauthorized colony known as “Green City,” which occupied approximately 12 acres in Dayanatpur village. Additional encroachments spanning about 7 acres were also targeted, where illegal plotting was reported. Moreover, a 60-meter-wide road leading to the airport was cleared as well. In a concurrent operation, nearly 6 acres of encroachments were removed in Sabota…

Latest StoriesRegulatory

Ajnara Homes Fined by Greater Noida for STP Issues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has levied a penalty of ₹50 lakh on Ajnara Homes in Sector 16B due to a malfunctioning sewage treatment plant (STP) and the discharge of untreated sewage. An additional fine of over ₹4 lakh was imposed for improper solid waste management. The residential society, consisting of approximately 2,300 flats, generates around 1.15 million litres per day (MLD) of sewage. During inspections, officials discovered that untreated sewage was being funneled into a drain and, following a blockage in that drain, it began flooding the basements of adjacent homes. Residents stated that the STP…

Latest StoriesRegulatory

Noida Techie Death: Planner’s Director Seeks High Court Relief

NOIDA: A Chief Judicial Magistrate (CJM) court denied bail on Monday to Abhay Kumar, a director of MZ Wiztown Planners Pvt. Ltd., who was arrested in connection with the death of software engineer Yuvraj Mehta. The court has extended Kumar’s judicial remand by 10 days, scheduling the next hearing for February 13. Despite the lower court’s decision, Kumar’s legal team filed a habeas corpus writ petition with the Allahabad High Court, and the case is set for a hearing on Tuesday. Counsel Swastik Verma stated that Kumar’s arrest by the Greater Noida police failed to adhere to “basic legal provisions,”…

IndustryLatest Stories

District Magistrate Questions Noida Authority on Condo Safety Reports

NOIDA: District Magistrate Medha Roopam has reprimanded the Noida, Greater Noida, and Yamuna Expressway development authorities for failing to submit required reports on fire preparedness and safety inspections of high-rise residential buildings, despite repeated reminders over the last two months. The deficiencies were highlighted during a District Disaster Management Authority (DDMA) meeting on Friday, where Roopam expressed strong dissatisfaction with the absence of senior officials from all three entities. She has requested written explanations from the chief executive officers regarding both the lack of compliance and the absence of senior personnel. Officials noted that the development authorities were instructed in…

Latest StoriesRegulatory

Bail Granted to Two Realty Employees in Noida Techie Death Case

NOIDA: A local court has granted bail to two employees of a real estate firm linked to the death of a 27-year-old software engineer earlier this month. According to lawyers, the Chief Judicial Magistrate Court in Surajpur granted bail to Ravi Bansal and Sachin Karanwal, employees of Lotus Greens Construction Private Limited, in connection with the drowning incident of software engineer Yuvraj Mehta in a waterlogged pit near a construction site in Sector 150. The accused have claimed they did not commit any offense and are being falsely implicated. Advocate Manoj Bhati, representing the accused, stated that bail was granted…