Tag: Noida

Latest StoriesResidential

Noida: Great Value Sharanam Residents Raise Safety Concerns

NOIDA: Residents of Great Value Sharanam in Sector 107 have voiced serious concerns regarding the declining conditions of their housing structure, along with inadequate infrastructure and a lack of builder responsiveness to homeowner grievances. Members of the Apartment Owners’ Association (AOA) report that the waste management system in the society is poorly managed, with deficiencies in firefighting systems and inadequate elevators. With around 6,000 residents, many have stated that these issues have persisted since they began occupying the flats in 2017-18. Bishwarup Mallick, general secretary of the AOA, highlighted extensive water seepage in apartments and communal areas, noting that despite…

Latest StoriesRegulatory

CBI Files 7th Chargesheet in Builder-Banker Scam vs. Sequel Buildcon

NEW DELHI: The CBI has filed its seventh chargesheet in the case against Sequel Buildcon Private Limited for alleged fraud against homebuyers, claiming that the company misused funds from PNB Housing Finance for the Noida project ‘The Belvedere,’ officials reported on Monday. The investigation is part of a larger inquiry into 50 cases assigned to the CBI by the Supreme Court, with allegations that the company failed to provide possession of residential units and did not refund deposits made by homebuyers. Approximately 23 individuals initiated the legal action that led to the Supreme Court transferring the case to the CBI.…

InfrastructureLatest Stories

UP: Over 880 Illegal Colonies Dump Sewage into Hindon, NGT Informed

NOIDA: The Uttar Pradesh government has informed the National Green Tribunal (NGT) that 888 unauthorized colonies across six districts are discharging approximately 40 million liters of sewage into the Hindon River daily. Additionally, 51 unregulated storm drains in the area are estimated to carry around 1,067 MLD of water, sludge, industrial waste, and sewage into the river and its tributaries. This information was included in an affidavit submitted by state chief secretary Shashi Prakash Goyal on April 28, complying with an NGT order issued on December 9 of the previous year. The next hearing is scheduled for August 17. The…

Latest StoriesRera

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,…

Latest StoriesRera

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…