Tag: Noida

Latest StoriesRera

UP-RERA Reports 1.15 Lakh Housing Units in Uttar Pradesh

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is urging homebuyers and investors to thoroughly check project details and assess their financial capabilities before making real estate investments. The authority cautioned that decisions regarding property purchases should not be driven by advertisements, hearsay, pressure tactics, or claims of sudden price hikes. Currently, over 115,000 residential and commercial units are available in the state’s real estate market, encompassing flats, villas, plots, shops, office spaces, and other commercial properties. The western zone holds the largest portion of available inventory, comprising nearly 55% of the total with more than 60,000 units.…

InfrastructureLatest Stories

Noida: Societies face higher upkeep costs due to wage hike

NOIDA: With rising costs across various sectors, your monthly maintenance bill is likely on the verge of an increase. This surge is unrelated to the US-Iran conflict, but stems from the recently enacted labour code. Many condominiums and gated communities in the NCR are currently revising their maintenance budgets due to the higher minimum wages mandated by this new legislation. Society managers estimate that the bill could rise by approximately 20-30%, contingent on the type of employed staff. In most communities, labor costs — including security, housekeeping, horticulture staff, electricians, plumbers, and lift operators — account for 70-85% of the…

Latest StoriesResidential

Godrej Properties Secures 23.2 Acres in Greater Noida Auction

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 23.2-acre (93,905 sq meters) residential land parcel in Greater Noida’s DMIC integrated township through an e-auction overseen by DMIC Integrated Industrial Township Greater Noida. The company intends to develop a residential housing project on the land, projected to generate revenue exceeding ₹7,000 crore. Recently, GPL partnered with Tata Projects for core and shell construction work across three upcoming projects located along Golf Course Road in Gurugram. The total contract value is around ₹1,100 crore. Published on Jun 1, 2026, at 08:12 AM IST Join a community of 2M+…

Latest StoriesRegulatory

ED Arrests Noida’s Bhasin Infotech Promoter

NEW DELHI: The Enforcement Directorate has apprehended the promoter of a Noida-based real estate firm in a money laundering investigation tied to the alleged cheating of home buyers, officials reported on Saturday. Satinder Singh Bhasin, director of Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and owner of Grand Venice Mall in Greater Noida, was arrested on Friday. He was presented before a special court under the Prevention of Money Laundering Act (PMLA) in Ghaziabad, Uttar Pradesh, which ordered him to be held in Enforcement Directorate (ED) custody until June 6, as stated by officials. Authorities have claimed that Bhasin was…

Latest StoriesRegulatory

ED Seizes ₹634 Crore Assets in Unitech Money Laundering Case

NEW DELHI: The Enforcement Directorate announced on Friday that it has attached assets valued at ₹634 crore from a significant real estate project by the Unitech Group in Noida. This action pertains to a money laundering investigation related to suspected fraud against homebuyers. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to seize properties linked to the Unitech Golf and Country Club (UGCC) Project, located in Sectors 96, 97, and 98 of Noida, Uttar Pradesh, according to the central agency’s statement. The seizure includes leasehold rights over 347.83 acres of land and equity stakes…

Latest StoriesRegulatory

SC asks Centre, ED, RBI about plea on homebuyer fund misuse

NEW DELHI: The Supreme Court has requested responses from the Centre, ED, RBI, and other parties, including certain real estate firms, regarding a plea claiming that significant amounts collected from homebuyers in Noida and Yamuna Expressway projects were misappropriated. A bench consisting of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi acknowledged the submissions by lawyer Prashant Bhushan, representing petitioner Vandana Sabharwal, and issued notices to the respondents due by July 15. The bench also called for responses from the Union ministries of Housing and Urban Affairs, Corporate Affairs, as well as Uttar Pradesh…

Latest StoriesResidential

Airport Set for Flights, Property Prices Surge in Greater Noida

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has increased property allotment rates by 3.5% across all categories. The new rates, approved by the board on May 2, see commercial property priced at Rs 98,776 per sqm, while residential plots in developed sectors are now set at Rs 51,363 per sqm. This adjustment comes ahead of the anticipated commercial operations at the Noida International Airport, slated to commence on June 15. Officials believe the airport will position Greater Noida as a significant economic and logistics center, likely boosting demand from investors, businesses, and homebuyers. According to GNIDA’s additional CEO, Sunil…

Latest StoriesRera

UP-RERA Directs Banks to Implement New Real Estate Account Norms

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has urged banks and financial institutions to adhere to the updated banking regulations and operational guidelines for accounts related to RERA-registered real estate projects. The authority conducted an awareness meeting with nationalized and scheduled banks at the Bank of Baroda’s regional office in Lucknow to discuss the revised project account directives issued on May 11, 2026. According to the new regulations, each RERA-registered project must maintain three distinct bank accounts: a collection account, a separate account, and a transaction account. At least 70% of the funds collected from homebuyers must…

Latest StoriesRegulatory

U.P. Minister Takes Action Against Errant Noida Builders

LUCKNOW: Nand Gopal Gupta Nandi, the state’s industrial development minister, urged officials on Tuesday to take stringent measures against builders who default on their obligations and expedite the resolution of issues between builders and buyers in Noida. He also raised concerns regarding alleged irregularities in project allocations and civic contracts. During a review of various projects under the Noida Industrial Development Authority, Nandi emphasized the need to resolve stalled housing projects and pending flat registrations promptly. Officials informed him that 57 projects were now governed by the policy framework established by the Amitabh Kant Committee, with 36 builders having deposited…

Latest StoriesRera

UP-RERA Approves 13 Projects Worth ₹3,052 Crore for Buyers

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has approved 13 real estate projects, cumulatively estimated at ₹3,052.73 crore, across eight districts in the state. The projects, approved during the authority’s 202nd meeting, will include a total of 4,772 residential and commercial units. Notably, Ghaziabad received the highest number of approvals, with four projects amounting to ₹1,936.72 crore. This includes three commercial developments and one residential project, totaling 2,199 units. In Gautam Buddh Nagar, one commercial project was approved with an estimated investment of ₹420.50 crore, which will consist of 855 commercial units. Agra saw the approval of…