Tag: Noida

InfrastructureLatest Stories

Height Limits Set Within 20 km of Noida Airport

Representative image created by AI NOIDA: On Friday, Noida International Airport issued a public advisory emphasizing that builders and local authorities must adhere to height restrictions within a 20 km radius of the airport. According to Kiren Jain, Chief Operating Officer (COO) of Noida International Airport, no construction, building, or tree planting is permitted in this radius unless one obtains a ‘Height Clearance’ or ‘No Objection Certificate’ (NOC) from the Airport Authority of India (AAI). This clearance is essential, not just a regulatory formality, to protect flight operations and navigation infrastructure from possible obstructions, Jain explained. “As the Noida International…

IndustryLatest Stories

Noida Authority May Contest HC Ruling on Lease Rent Waivers

NOIDA: The Noida Authority has opted to challenge an Allahabad High Court ruling that annulled the state’s decision to revoke lease rent waivers previously granted to various real estate firms under the “zero period” policy. This policy is designed to offer relief against delays that developers cannot control, emphasizing the need to protect revenue and maintain policy consistency. During a meeting on June 14, the Authority’s board decided to contest the High Court’s April 23 decision, made in response to a petition by Greatvalue Projects India. The Authority asserts that the lease rent waivers contradict its established policy, which categorically…

Latest StoriesResidential

YEIDA Draw for Sector 18 Residential Plots Set for July 11

Representative image created by AI NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is set to conduct a draw for its residential plot scheme in Sector 18 this Friday. Launched on April 21, the scheme offers 276 plots of 200 sqm each and has attracted over 54,000 applications during the month-long registration period. The draw will commence at 10 AM at India Expo Mart, overseen by a panel of three retired High Court judges to ensure transparency. OSD Shailendra Bhatia noted that arrangements are in place for approximately 2,000 attendees to watch the draw live. The entire event will be…

IndustryLatest Stories

Lekhpals to Monitor Illegal Buildings in New Noida Villages

Representative image created by AI NOIDA: In a bid to combat illegal construction in the New Noida (DNGIR) area, the Noida Authority has appointed two lekhpals to oversee development activities across 80 villages—20 in Gautam Budh Nagar and 60 in Bulandshahr. These lekhpals will collaborate with the revenue department to detect unauthorized constructions and will provide weekly reports to the authority. Their official appointments were confirmed via an order issued on July 4. The officers, Rajesh Kumar Sharma and Manoj Kumar Dubey, are responsible for monitoring 30 villages in Bulandshahr and 10 in Gautam Budh Nagar. Officials have stated that…

IndustryLatest Stories

Sobha Reports ₹2,078 Crore in Q1 FY26 Pre-Sales

NEW DELHI: Sobha has reported its highest quarterly real estate sales in the first quarter of FY26, achieving pre-sales of ₹2,078 crore, with the company’s share amounting to ₹1,717 crore. The impressive quarterly performance was fueled by strong demand in key markets and the successful launch of Sobha Aurum in Greater Noida, marking the company’s debut project in the city. The total area sold during this quarter reached 1.44 million sq ft, with an average realization of ₹14,395 per sq ft. Regional Performance Bengaluru emerged as the leading market, contributing ₹602 crore in sales, followed by Gurugram with ₹352 crore.…

IndustryLatest Stories

Noida, Greater Noida & YEIDA: Uttar Pradesh’s Crown Jewels, Minister Says

AI-generated Representative Image NOIDA: During a recent visit, Industrial Development Minister Nand Gopal Gupta ‘Nandi’ referred to the Noida, Greater Noida, and Yamuna Authority (YEIDA) regions as “the crown jewels of Uttar Pradesh,” mirroring the status of Kashmir for India. He emphasized that enhancing industry and investment is “our government’s top priority.” With the establishment of new units, the minister believes employment opportunities will grow, aiding Uttar Pradesh in its quest to become a top-performing state. To ensure timely project completion, Nandi urged senior officials of the Noida Authority to work on expanding the land bank and improve collaboration with…

Latest StoriesRegulatory

Clear ₹118 Crore Dues This Month or Project Canceled: YEIDA

NOIDA: The Yamuna Expressway Industrial Development Authority has set a final deadline for Greenbay Infrastructure to pay its outstanding dues of ₹118 crore by the end of July. If the payment is not made, the allotment of land for a 100-acre township in Sector 22D will be canceled. YEIDA officials stated on Friday that this represents the developer’s last opportunity to settle their debts, following a previous deadline of June 30. Last month, Greenbay requested an extension of two months for the payment, citing difficulties in obtaining full land possession. According to YEIDA’s latest notice, “If Greenbay Infrastructure does not…

IndustryLatest Stories

UP Cabinet to Announce Revised Bylaws for Vertical Development

LUCKNOW: The state government is set to announce revised building bylaws designed to facilitate swift urbanization and bolster economic activities, promoting vertical development. Sources indicate that the housing department has submitted its final proposal to the government, which is anticipated to be discussed in the upcoming cabinet meeting. The updated rules will enable property owners to optimize use of available land space. Officials report that over 1,000 objections and suggestions were reviewed, with some affecting the final draft. The state has amended the building construction and development bylaws since their establishment in 2008, aiming to align with stakeholder expectations. As…

Latest StoriesResidential

100 Buyers Register at RG Luxury Homes’ Noida Camp

NOIDA: Around 100 homebuyers of the RG Luxury Homes project received their registries during a special camp organized by the Greater Noida Authority and the stamp and registration department on Wednesday. This event, held at the project site in Greater Noida West, marked the start of the registration process. Authorities have been prompted to arrange similar camps for other legacy projects to speed up the handover process. After settling 25% of their dues with the Authority, the promoter was granted permission to commence unit registration in line with state government policy. Initially launched in 2010 with a delivery date set…

Latest StoriesResidential

Sobha to Invest ₹800 Cr in Greater Noida Residential Project

Representative Image NEW DELHI: Bengaluru-based Sobha is set to invest ₹800 crore in its inaugural residential project, Sobha Aurum, located in Greater Noida. The project has gained approval from Uttar Pradesh RERA and will be established in Sector 36. Spread across 3.46 acres, the development offers a total potential of approximately 9.3 lakh sq ft. It includes two towers with 420 residential units in various configurations: 1, 2, 3, and 4 BHK. Unit sizes range from 739 sq ft for the 1BHKs to over 2,300 sq ft for the 4BHKs. Project details indicate prices starting at ₹1.12 crore for 1BHK…