Tag: Noida

IndustryLatest Stories

Noida Rejects Wiztown Planners’ Layout for Sports City Violations

NOIDA: In 2022, the Noida Authority rejected a modified layout from Wiztown Planners for the Sector 150 plot, where a 27-year-old software engineer tragically drowned last Saturday night. The Authority deemed the layout inconsistent with the integrated Sports City scheme, perceiving it as more of a commercial complex rather than a sports-oriented development. The 27,185 sqm plot, SC-02/A3, is a part of the Sports City project in Sector 150, which was designed over a decade ago to create cohesive districts emphasizing sports infrastructure. The planning guidelines stipulate that sports and recreational areas should dominate 70% of the land use, with…

IndustryLatest Stories

Realty Investment Hits ₹69,000 Crore in UP, Up 53%: RERA Chief

NEW DELHI: The real estate sector in Uttar Pradesh has experienced a remarkable 53% increase in investments, soaring to ₹69,000 crore in 2025, as reported by UP RERA Chairman Sanjay R Bhoosreddy on Tuesday. Bhoosreddy attributed this growth to the state’s investor-friendly policies, which also led to a noticeable uptick in RERA applications for new projects during the ICC Real Estate Summit 2026 in the national capital. “Investment in the real estate sector was ₹29,000 crore in 2023, driven primarily by real estate promoters. This figure rose to ₹45,000 crore in 2024 and has further increased to ₹69,000 crore this…

Latest StoriesResidential

YEIDA to Offer Residential Plots Near Noida Airport

Representative Image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has revealed plans for a new residential plot scheme near the upcoming Noida International Airport, slated for launch in January. As part of this scheme, YEIDA will offer 973 residential plots in various sizes: 162, 183, 184, 200, 223, and 290 sqm. These plots will be located in Sectors 15C, 18, and 24A, all conveniently close to the airport. Specifically, the scheme includes 476 plots of 162 sqm, 4 plots of both 183 sqm and 184 sqm, 481 plots of 200 sqm, 6 plots of 223 sqm, and 2 plots…

Latest StoriesRegulatory

HC Seeks Noida’s Response to SC Order on Land Payment

NOIDA: The Allahabad High Court has requested clarification from the Uttar Pradesh government and Noida Authority regarding compliance with the Supreme Court’s July 10, 2024, ruling mandating compensation to landowners under the 2013 Land Acquisition Act. A division bench consisting of Justices Mahesh Chandra Tripathi and Kunal Ravi Singh has sought information about whether the compensation has been reassessed and issued according to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, which generally offers higher payments including revised market value, solatium, and interest. The Noida Authority acquired land for industrial development under the…

Latest StoriesRegulatory

FIR Filed Against Builders After Techie Drowns in Noida Pit

NOIDA: An FIR has been filed against two builders who own the water-filled pit in Sector 150, where a 27-year-old software engineer drowned after his SUV crashed through a damaged boundary wall around midnight on Friday. According to police, the plot lacked proper security measures like a boundary wall, fencing, or reflectors, making it hazardous during the dense fog. ACP Hemant Upadhyay stated that the case was lodged with Knowledge Park police following a complaint from Yuvraj Mehta’s father. Charges under sections 105 (culpable homicide), 106 (causing death by negligence), and 125 (act endangering life) of BNS have been filed…

IndustryLatest Stories

M3M, Smartworld, ELIE SAAB Partner on ₹3,500-Crore Housing in NCR

NEW DELHI: M3M India and Smartworld Developers have partnered with ELIE SAAB, a prominent fashion and lifestyle brand, to create two ultra-luxury residential projects in the Delhi-NCR region, totaling an investment of approximately ₹3,500 crore. The projects represent ELIE SAAB’s inaugural entry into the Indian real estate market. M3M India will oversee a luxury housing project in Gurugram, while Smartworld Developers will lead a separate residential development in Noida. In Gurugram, M3M India intends to build around 300 apartments in sector 111, within the Smart City Delhi Airport (SCDA) zone. The project will feature spacious four-bedroom residences with unit sizes…

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BOOTES Expands into Residential Development

NEW DELHI: BOOTES, an engineering firm, has introduced its real estate division, boasting a portfolio valued at over ₹6,300 crore. The company will kick off its real estate initiatives with projects in Noida, Alwar, and Vrindavan, totaling more than six million sq ft of initial saleable area. In Noida, BOOTES is constructing high-rise residential complexes in Greater Noida West and sector 76, featuring 4BHK residences and duplex penthouses. In Alwar, they have launched a residential project offering 2BHK and 3BHK residences. Future expansion plans include cities such as Mumbai, Lucknow, Ayodhya, Dehradun, Kurukshetra, Jhansi, Chitrakoot, and Prayagraj. Published On Jan…

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Noida Authority Extends Rehab Lifeline for Builders with Dues

NOIDA: The Noida Authority has decided to continue the Uttar Pradesh government’s rehabilitation policy for stalled real estate projects, extending its benefits to developers who have not yet paid the required 25% of their recalculated dues. This move brings fresh hope to thousands of homebuyers awaiting the completion and registration of their flats. Initially, the Authority planned to withdraw benefits from non-compliant developers, but reversed its decision during a board meeting on January 3. They opted to maintain the state government’s directive from December 2023 aimed at reviving legacy stalled projects. Authority CEO Lokesh M stated that while the policy…

Latest StoriesResidential

Suraksha Group finishes 5,989 units in 63 towers

NEW DELHI: Suraksha Group, which took over Jaypee Infratech (JIL) in 2024, has successfully finished construction on 5,989 units across various projects in JIL Wish Town. The company has received occupancy certificates (OCs) for 31 towers, totaling 3,135 units. Suraksha Group has also applied for OCs for an additional 32 towers across several projects, including Kosmos, Klassic, Kensington Boulevard Apartments, Kensington Park Apartments, Kensington Park Heights, and Pebble Court, which collectively comprise 2,854 units. Jash Panchamia, Executive Director of Jaypee Infratech Limited, stated, “We are committed to adhering to the timeline specified in our resolution plan. Our efforts are reflected…

CommercialLatest Stories

UP Announces Subsidy Guidelines to Attract GCCs

LUCKNOW: The Yogi Adityanath government aims to position Uttar Pradesh as a prime destination for Global Capability Centres (GCCs) by announcing comprehensive standard operating procedures (SOPs). These SOPs, recently approved by the state cabinet, outline regional incentives to promote balanced industrial growth across the state. Under this initiative, GCCs establishing operations in Gautam Budh Nagar and Ghaziabad can benefit from a 30% land subsidy on purchases from government agencies. In other parts of Paschimanchal (excluding the aforementioned areas) and the Madhyanchal region, a 40% subsidy is available. To encourage investment in less developed regions, the state offers subsidies of up…