Tag: Noida

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UP-RERA Launches Online Complaints for Excess Transfer Fees

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has introduced an online system for registering complaints against promoters and developers who demand transfer fees exceeding the allowed limits during the allotment transfer process. Homebuyers and allottees can submit complaints using Form-M on the UP-RERA portal, a feature that became available following the implementation of the 10th amendment to the UP-RERA General Regulations, 2019. According to the revised Regulation 47(c), promoters are prohibited from creating new or amended agreements for sale or lease with the assignee or successor-in-interest. Transfers must be documented via an endorsement in the original agreement,…

Latest StoriesRegulatory

CBI Files Sixth Chargesheet Against Shubhkamna Buildtech

NEW DELHI: The CBI has submitted a chargesheet against Shubhkamna Buildtech Pvt Ltd and its directors, marking the sixth such submission in the Supreme Court-directed investigation into the builder-banker nexus case, officials reported on Friday. In its chargesheet, the CBI accused the company and its directors of misleading innocent homebuyers into investing in its Noida project through false assurances, deceptive representations, and misleading promises, thereby wrongfully profiting at the expense of the victims. “The chargesheet has been filed before the competent Court under relevant provisions of the Indian Penal Code related to criminal conspiracy, cheating, criminal breach of trust, and…

CommercialLatest Stories

MediaTek Rents 1.04 Lakh Sq Ft in Noida for ₹144 Crore

NEW DELHI: BPTP has leased around 1.04 lakh sq ft of office space to MediaTek, a Taiwan-based semiconductor firm, at its Grade-A commercial site, Capital City in Sector 94, Noida. This site marks MediaTek’s second research and development (R&D) center in India. The estimated transaction value, based on the agreed commercial terms, is approximately ₹144 crore over a 10-year period. A spokesperson from MediaTek stated, “The new R&D facility in Noida aligns with our goals to enhance our talent pool and bolster our research capabilities.” BPTP Capital City offers about 7.80 lakh sq ft of office and mixed-use space, designed…

CommercialLatest Stories

Adobe Leases 158,000 Sq Ft Office at Max Square, Noida

NEW DELHI: Adobe has secured a lease for approximately 158,000 sq ft of office space at Max Square, a commercial project by Max Estates in Noida. This lease represents one of the most significant office transactions in Noida in recent months, highlighting Adobe’s expansion into the National Capital Region. The company has commenced operations at the new facility located in sector 129 along the Noida-Greater Noida Expressway, employing over 700 people in engineering and customer support roles. This marks Adobe’s seventh office in India and its third in Uttar Pradesh. The company currently employs more than 8,000 individuals in India,…

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Be Honest in Ads: RERA Officials to Real Estate Builders

File photo NEW DELHI: Real estate regulatory bodies are urging developers to implement transparent practices and refrain from misleading advertisements, emphasizing that failure to comply with the Real Estate (Regulation and Development) Act (RERA) could result in regulatory repercussions. During a FICCI real estate conference in New Delhi, Anand Kumar, chairman of Delhi RERA, highlighted the need for developers to ensure their project advertisements accurately depict the offerings without relying on unverifiable claims. “Advertisements must be realistic,” he stated. “Developers should provide clear details such as the covered area and refrain from marketing units exclusively based on super area measurements.”…

IndustryLatest Stories

Alpha Corp Acquires Earth Infrastructures’ Stalled Projects

NEW DELHI: Alpha Corp Development has successfully taken over three stalled projects from Earth Infrastructures via the resolution process under the National Company Law Tribunal (NCLT). This acquisition is expected to offer relief to more than 3,000 impacted homebuyers and commercial space buyers. The projects involved include two commercial developments—Earth TechOne and Earth Sapphire Court in Greater Noida—and one residential project, Earth Copia in Gurugram. The company plans to invest around ₹750 crore for completion, redevelopment, infrastructure improvements, and project delivery, anticipating revenue potential of about ₹1,200 crore. On May 5, 2026, the Supreme Court of India reinstated Alpha Corp…

Latest StoriesRegulatory

CBI Charges AVJ Developers, Bank Officials in Homebuyers’ Scam

NEW DELHI: The CBI has filed a chargesheet against AVJ Developers (India) Pvt Ltd, based in Greater Noida, along with bank officials and others for allegedly defrauding financial institutions and homebuyers, officials announced on Wednesday. In the chargesheet submitted to a special CBI court, the agency has named AVJ Developers, its sister company Kesar Builders Pvt Ltd, their directors, officials from Bank of India, UCO Bank, and ICICI Bank, as well as proxy homebuyers as co-defendants. The case revolves around the “large-scale cheating of homebuyers” by builders and public servants, resulting in significant losses to both financial institutions and unsuspecting…

Latest StoriesRegulatory

Noida: Ajnara India fined ₹1.7L for flat handover delay

NOIDA: The District Consumer Disputes Redressal Commission (DCDRC) has ordered M/s Ajnara India Ltd, a Noida-based real estate developer, to compensate a customer with Rs 1.71 lakh plus 6% interest within 30 days, after they failed to deliver a flat booked in 2018 or refund the booking amount. The developer is also required to pay Rs 4,000 as a penalty for litigation costs and causing mental distress. The order, issued by Commission president Anil Kumar Pundir and member Anju Sharma on Saturday, stipulates that the interest on the outstanding amount will be calculated from the filing date of the complaint…

Latest StoriesRera

Uttar Pradesh RERA Registers 106 Projects (Jan-Apr 2026)

NEW DELHI: The real estate sector in Uttar Pradesh has experienced consistent activity in 2026, with 106 projects registered in the first four months, up from 84 during the same period in 2025, as reported by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). Project registrations have been on the rise, increasing from 197 in 2023 to 259 in 2024 and 308 in 2025. In terms of supply, there have been proposals for 33,206 residential and commercial units from January to April 2026, following 84,976 units in 2025, which was an increase from 69,365 in 2024 and 55,297 in 2023.…

InfrastructureLatest Stories

Noida Airport to Launch Commercial Flights on June 15

NEW DELHI: Commercial flights from Noida International Airport (NIA), located in Jewar, are set to begin on June 15, 2026. The inaugural flight will be by IndiGo, with Akasa Air and Air India Express likely to follow soon after. Airport operations will kick off once the Bureau of Civil Aviation Security (BCAS) approves the Aerodrome Security Programme (ASP). Developed by Yamuna International Airport (YIAPL), the airport currently features one runway and terminal, with a capacity for 12 million passengers annually. Plans are in place for expansion to accommodate over 70 million passengers in the future. Published On May 1, 2026…