Tag: Noida

Latest StoriesResidential

YEIDA Raises LIG Housing Minimum Plot Size to 40 Sq Meters

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has raised the minimum plot size for its housing scheme aimed at the informal sector and lower-income groups from 30 sqm to 40 sqm. This adjustment, stemming from an internal survey of an earlier proposal approved by the board in June, is designed to offer over 3,800 residential plots in sectors 17, 18, and 20. Officials indicated that the survey determined that 30 sqm plots were impractical according to current building regulations and construction practices in the area. Smaller plot sizes would inhibit safe vertical development and functional layouts. In…

IndustryLatest Stories

Noida Authority to Create Database of Illegal Buildings

NOIDA: The Noida Authority is creating an online database to record illegal constructions, providing current statuses, photographs, and authorized land uses. A second database will monitor demolitions, designating reclaimed land as owned by the Authority. This initiative aims to prevent fraud in land and property transactions. As of January 2024, Noida has reclaimed 2.3 million sqm of encroached land valued at over Rs 2,200 crore. Officials stated that identified land mafias will be publicly named, with action reports shared with the police commissioner for prompt enforcement. Warning boards are being placed on reclaimed plots, clearly indicating that the land belongs…

InfrastructureLatest Stories

YEIDA to Develop Future-Ready Service Master Plan

NOIDA: YEIDA has chosen to hire a consultant to develop a comprehensive service master plan for its designated area, with special emphasis on water supply, sewerage, and stormwater drainage systems. According to officials, the plan aims to evaluate existing infrastructure and create a roadmap for enhancements and expansions, considering anticipated growth in the region. While the master plan provides a long-term framework for urban development, the service master plan focuses on sector-specific technical details, converting the master plan’s vision into tangible infrastructure systems. As part of this initiative, the consultant will conduct a thorough analysis of current water supply, sewerage,…

Latest StoriesRera

Uttar Pradesh REAT Demands Builder’s Interest Payment for 45 Days

NOIDA: The Uttar Pradesh Real Estate Appellate Tribunal has mandated that the promoter of a residential cluster in Greater Noida’s Sector 27 must compensate homebuyers for delays and refund charges related to the township’s master club and golf course. The promoter is also required to execute a correction deed to rectify missing information from the registered tripartite sub-lease deed. The tribunal, consisting of Justice Suneet Kumar (chairman) and Rameshwar Singh (administrative member), issued this ruling while rejecting six appeals from AR Landcraft LLP, the promoter of the Godrej Crest residential cluster within the 100-acre Godrej Golf Links township, challenging a…

Latest StoriesRegulatory

SC Expects SIT to Investigate Past Noida Authority CEOs

NEW DELHI: The Supreme Court announced on Wednesday that the Special Investigation Team (SIT) it formed to investigate inflated compensation payments to farmers—allegedly involving collusion among NOIDA officials—must also look into the actions of chief executive officers and others leading the authority for the past 10-15 years. A bench consisting of Chief Justice Surya Kant, Justice Ujjal Bhuyan, and Justice N Kotiswar Singh has extended the SIT’s investigation period by an additional two months. Solicitor General Tushar Mehta, representing NOIDA, expressed his intention to submit an affidavit outlining the authority’s stance on the matter. The court clarified that farmers receiving…

IndustryLatest Stories

Greater Noida to Target Builders for Unpaid Rehab Dues

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed Currie and Brown to evaluate builders who have defaulted as it begins to revoke benefits from those violating the stalled-project policy. This initiative aims to revitalize halted real estate projects, with ₹1,382 crore recovered from the total dues of ₹4,749 crore. So far, 17,334 housing units have been registered despite ongoing challenges. Recently, the GNIDA board decided that all benefits under the state’s stalled-project policy will be withdrawn from developers who have neither settled their dues nor engaged with the scheme. Of the 98 projects identified for…

IndustryLatest Stories

Gang and Builders Collude in ₹100 Crore Noida Loan Fraud

Representative AI image NOIDA: A gang was dismantled for colluding with builders to withdraw Rs 100 crore from banks through fraudulent loans. Eight members were arrested in connection with the scheme. Rajkumar Mishra, the additional superintendent of police at Noida STF, reported that the arrests stemmed from a tip-off by an HDFC Bank official who detected unusual loan activities. Investigations revealed that the gang forged property documents and identities to obtain home and personal loans from various banks. These fabricated identities were used to purchase property, with the funds laundered through a network of shell companies and accounts. The gang’s…

IndustryLatest Stories

Smartworld Developers Buys 6 Acres in Noida for ₹414 Crore

Representative AI image NEW DELHI: Gurugram-based Smartworld Developers has successfully acquired a 24,000 sq. meter (approximately six-acre) land parcel in Sector 98, Noida, through auction for ₹414 crore. The estimated development cost of the project is around ₹2,000 crore, with a projected revenue of approximately ₹3,000 crore. The company plans to develop a mixed-use project featuring branded residences, high-street retail, and serviced homes. The company reported ₹6,400 crore in sales for FY25, marking an impressive 60% year-on-year growth. They have delivered 6.5 million sq. ft. of space, with another 20 million sq. ft. currently under development. With assets under management…

Latest StoriesRegulatory

SC Orders Noida Authority to Act on Sports City Proposals

NEW DELHI: The Supreme Court of India has instructed developers involved in the Noida Sports City project to submit revised proposals to the Noida authority within two weeks. The authority must take appropriate action within the following four weeks. This order was issued while hearing several special leave petitions related to redevelopment, dues, occupancy certificates, and enforcement issues surrounding plot SC-02 in Sector 150 and other related parcels in the Sports City scheme. The ruling, delivered by a bench led by Justice M.M. Sundresh and Justice Satish Chandra Sharma on November 24, 2025, provides a comprehensive framework for addressing dues,…

Latest StoriesRera

Homebuyers of 129 Projects Should Contact IRPs, Not UP-RERA

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has released a public advisory following the admission of 129 real estate projects from 14 developers into the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT) from January 2024 to the present. As insolvency proceedings commence, UP-RERA has instructed affected homebuyers to submit their claims exclusively to the appointed Insolvency Resolution Professionals (IRPs) for each project, as per the guidelines of the Insolvency and Bankruptcy Code (IBC). RERA jurisdiction suspended during moratorium UP-RERA stated that once a project enters the CIRP, a moratorium under section 14…