Tag: Noida

IndustryLatest Stories

Omaxe repays ₹80 crore loan to SWAMIH fund

Representative AI Image NEW DELHI: Realty firm Omaxe Group has repaid ₹80 crore in loans, including interest, to the government-backed stress fund, SWAMIH. Omaxe announced on Tuesday that it had fully repaid the loans secured from the SWAMIH fund for projects in New Chandigarh and Prayagraj. The SWAMIH (Special Window for Affordable and Mid-Income Housing) fund had approved ₹168.80 crore for ‘The Lake’ project in New Chandigarh and ₹60.40 crore for the ‘Omaxe Shiva’ series in Prayagraj. Omaxe stated that against the total sanctioned amount, it only drew ₹70 crore but repaid approximately ₹80 crore, including interest. In New Chandigarh,…

Latest StoriesResidential

Noida: NPCL Cuts Power to Housing Societies for Unpaid Dues

Sure! Here’s a rewritten version of the content you provided: Representative image NOIDA: The Noida Power Company Limited (NPCL) has ramped up its disconnection efforts this month to recover outstanding dues from residential societies and businesses in Greater Noida. Recently, power was cut at Himalaya Pride in Greater Noida West for eight hours—from 10:30 AM to 6:30 PM—over unpaid dues amounting to ₹37.3 lakh, including overdue payments dating back to October. Supply was restored after the society’s maintenance team paid the outstanding amount. This is just one of many recent disconnections in the area. NPCL also disconnected power at Mahagun…

IndustryLatest Stories

Noida: YEIDA Notifies 366 Allottees on Registry Delay

Representative AI image NOIDA: In a significant move to address longstanding industrial allotments, the Yamuna Expressway Industrial Development Authority (YEIDA) has issued notices to 366 plot allottees, requiring them to complete their lease deeds within 10 days or face cancellation. According to officials, allottees were previously provided a checklist of required documents for lease deed execution. However, many have failed to complete the registration process despite multiple reminders. Incomplete registrations have delayed the possession of industrial plots throughout Yamuna City, hindering manufacturing efforts in a region where the state government is actively promoting industrial growth. “Executing the registry is crucial;…

CommercialLatest Stories

DAMAC Group Launches New GCC in Noida, Plans Pune Facility

NEW DELHI: The UAE-based DAMAC Group has introduced its new global services division, DAMAC Shared Services India (DSSI), and set up a Global Capability Center (GCC) in Noida. Hussain Sajwani, the company’s founder, remarked, “We are dedicated to developing high-performing teams by 2026, providing superior services to advance DAMAC’s global goals.” The Noida GCC will employ over 250 individuals, with plans to establish another GCC in Pune by 2026, which will have more than 100 staff members. M.P. John, the company’s Chief Human Capital Officer, stated, “We are investing in India’s workforce capabilities and creating a services center that will…

IndustryLatest Stories

County Group Buys 5 Acres in Noida’s Sector 151 for ₹473 Cr

NEW DELHI: The NCR-based County Group has acquired a five-acre land parcel in Sector 151, Noida, for approximately ₹473 crore. This land was obtained through an auction organized by the state government. The company intends to develop a low-density project featuring only 226 residential units, distributed across three apartment sizes, totaling an area of 1.1 million sq ft. Published On Nov 24, 2025 at 12:00 PM IST Join over 2M industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Get all the ETRealty industry updates right on your smartphone!

Latest StoriesResidential

Homebuyers challenge Noida authority’s luxury tower approval

NOIDA: The Apartment Owners Association (AOA) of a Sector 107 condo has filed a petition with the Allahabad High Court against the developer’s proposal to construct an additional ultra-luxury residential tower in the complex. The petition contests a Noida Authority decision that approved an increase in the Floor Area Ratio (FAR), allowing the developer to build a 46-story tower with units priced starting at Rs 7 crore, despite objections from current residents. The residents argued that any additional FAR should be used to enhance existing facilities and communal areas, rather than for a new exclusive section within the complex. Great…

InfrastructureLatest Stories

Tests by DGCA & UP Assess Noida Airport Readiness Pre-Launch

Sure! Here’s a rewritten version of the content: File Photo NOIDA: Following the successful completion of calibration tests at Noida International Airport, officials from the Directorate General of Civil Aviation (DGCA) are scheduled to meet with the UP civil aviation department on Thursday. The purpose of the meeting is to assess the airport’s readiness for an aerodrome license and to identify any outstanding requirements. The aerodrome license will facilitate the initiation of commercial flight operations, which are anticipated to commence in December. Essential criteria under the aerodrome manual for obtaining an aerodrome license involve certified runway strength, appropriate safety areas,…

IndustryLatest Stories

AU Real Estate Secures Selling Rights for Aspire Leisure Valley 2

Representative AI image NEW DELHI: AU Real Estate has secured the selling rights for Aspire Leisure Valley, a residential project by NBCC (India), through a ₹1,069 crore deal that also includes Aspire Centurion Park. Earlier this year, in May 2025, AU Real Estate obtained sales rights for Aspire Silicon City valued at ₹1,467.93 crore. Following this acquisition, the company has launched Aspire Leisure Valley in Greater Noida West at an introductory rate of ₹7,979 per sq ft. The project is under the supervision of the Supreme Court of India, with construction managed by Capacite Infraprojects. Published On Nov 18, 2025…

Latest StoriesRegulatory

Allahabad HC Rejects Noida Authority’s Charge on Windsor Tower

NOIDA: The Allahabad High Court has overturned a nearly Rs 12 crore demand made by Noida Authority from Windsor Corporate Tower. In a ruling delivered on October 31, Justice Prakash Padia stated that extension fees should be calculated based on the original lease premium rather than current allotment rates or location fees. The court annulled three orders — dated May 25, 2018, September 3, 2020, and January 15, 2021 — issued by Noida Authority and the state government. The court mandated that the Authority must recalculate the extension fees strictly according to the original lease agreement and reimburse any excess…

CommercialLatest Stories

Greater Noida unveils ₹3,600-crore commercial plot scheme

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has unveiled one of its largest commercial land schemes in recent years. The initiative features 37 plots across key sectors with a total reserve price of Rs 3,604 crore. All allocations will be done through e-auction, with dates to be announced later. The plots, governed by FAR 4 and FAR 2 regulations, are designated for commercial complexes, retail centers, offices, and mixed-use developments. GNIDA indicates that FAR-4 plots can host malls, showrooms, hotels, offices, and banquet halls, while FAR-2 plots are suitable for retail shops, service outlets, restaurants, and…