Tag: Noida

InfrastructureLatest Stories

Land payout begins April 3 in 14 Jewar villages for airport expansion

Representative AI image NOIDA: The district administration plans to establish daily camps in 14 villages in Jewar starting Friday. This initiative aims to expedite compensation payments for farmers affected by land acquisition for the Noida International Airport expansion, covering 1,838 hectares under phases 3 and 4. The following villages will be involved: Thora, Neemka Shahjahanpur, Khwajpur, Ramner, Kishorepur, Banwaribas, Parohi, Muqimpur Shivara, Jewar Bangar, Sabauta Mustafabad, Ahmedpur Chaurauli, Dayanatpur, Bankapur, and Rohi. Camps will be held at primary schools, panchayat bhawans, and community centres in these villages until each affected farmer is accommodated. Compensation will be disbursed at a rate…

Latest StoriesRegulatory

SC Denies Bail to Bhasin Infotech Promoter in Fraud Case

NEW DELHI: Six years after being granted bail in a case involving cheating homebuyers, the Supreme Court on Thursday revoked its previous order. The court directed Satinder Singh Bhasin, the promoter of Bhasin Infotech and Infrastructure Private Limited, to surrender and return to custody, noting that he had breached bail conditions and misappropriated Rs 75 crore from homebuyers while on bail. A bench comprising Justices Sanjay Karol and N K Singh granted Bhasin one week to surrender, stating that he must serve at least one year in jail. The court indicated that he could apply for regular bail again after…

IndustryLatest Stories

Noida Authority Faces Corruption with Land Payouts

NOIDA: Allegations from farmers, raised in the Supreme Court, suggest that Noida Authority officials demanded a 10% cut from the excess compensation funds they received, placing the agency’s operations back under judicial scrutiny. Noida Authority’s reputation has suffered significantly due to recurring corruption scandals. Notable cases include the conviction of former CEO Neera Yadav for favoring her family in land allotments and the extensive fraudulent maintenance contracts involving former chief engineer Yadav Singh. The Comptroller and Auditor General has revealed numerous irregularities, and the Supertech twin towers case drew sharp criticism from the Supreme Court, consistently bringing issues of corruption…

IndustryLatest Stories

Noida Authority to Discuss New Mixed-Use Property Plan Soon

Representative AI image NOIDA: The Noida Authority’s board will convene next week to review its budget and consider approval for several key projects, including a proposed Centre of Excellence at Gautam Buddha University (GBU). Additionally, a mixed land-use property scheme will be up for discussion. During the meeting, the Authority plans to finalize the numbers, sizes, and rates for the mixed land-use plots. Last year, the Noida Authority raised allotment rates by 6% across all categories, including residential, commercial, industrial, and institutional, and approved a budget of Rs 8,732 crore. A similar increase in land rates and budget is expected…

Latest StoriesRegulatory

Noida’s Stamp Duty Hits Decade High, But Property Sales Slow

NOIDA: The Stamp and Registration Department has achieved a revenue of Rs 4,498.7 crore in the financial year 2025-26, marking its highest collection in a decade. The district reached 87% of its total target of Rs 5,180 crore, despite a decline in property registrations, as reported by officials. A total of 1.6 lakh properties were registered in FY 2025-26, down from 1.7 lakh in the previous fiscal year. Among these, there was an increase in registrations under concessional categories, with transactions availing discounts rising from 8,976 in FY 2024-25 to 9,899 in FY 2025-26. AIG-1 Arun Sharma credited this uptick…

IndustryLatest Stories

Mahagun Group Secures ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to boost project execution across its portfolio. The group recently closed a ₹650 crore debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and around ₹340 crore in interest. This fresh capital infusion will help the company accelerate construction and ensure timely project delivery. Published On Apr 1, 2026 at 02:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Stay updated with the ETRealty industry…

IndustryLatest Stories

Mahagun Group Gets ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to enhance project execution across its portfolio. The company recently concluded ₹650 crore in debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and about ₹340 crore in interest. This new capital infusion will allow the company to accelerate construction and ensure timely delivery. Published On Apr 1, 2026 at 02:30 PM IST Join over 2 million industry professionals. Subscribe to our Newsletter for the latest insights & analysis delivered to your inbox. Access ETRealty industry updates directly on your smartphone!

IndustryLatest Stories

Noida Airport to Drive Real Estate Growth in NCR, Yamuna Expressway

Representative AI image NEW DELHI: On Saturday, Prime Minister Narendra Modi inaugurated phase-I of the Noida International Airport in Jewar, at an estimated cost of ₹11,200 crore. This initiative is expected to significantly transform the real estate landscape of the National Capital Region (NCR). The airport, situated along the Yamuna Expressway, aims to enhance connectivity in western Uttar Pradesh and the NCR, linking important urban and industrial centers such as Noida, Greater Noida, Ghaziabad, Agra, and Aligarh. Modi noted that the project represents a pivotal advancement in Uttar Pradesh’s development and will bolster India’s aviation capabilities. He stated, “Airports are…

InfrastructureLatest Stories

Noida Airport Phase-I to cost ₹11,282 crore; total ₹29,560 crore

NOIDA | LUCKNOW: The first phase of the Noida International Airport in Jewar, with an investment of Rs 11,282 crore, is set to be inaugurated this Saturday by Prime Minister Narendra Modi. This phase is part of a larger initiative estimated to cost Rs 29,560 crore, aimed at establishing Jewar as a prominent aviation hub for North India. As stated, the Prime Minister will also launch the cargo terminal and lay the foundation for a Maintenance, Repair and Overhaul (MRO) facility, enhancing India’s aviation infrastructure. Chief Minister Yogi Adityanath will attend the event along with several Union and state ministers.…

InfrastructureLatest Stories

PM Launches Phase I of Noida International Airport

NOIDA: Prime Minister Narendra Modi inaugurated the first phase of the Noida International Airport, situated in Jewar, on Saturday. He was joined by Chief Minister Yogi Adityanath, Aviation Minister Kinjarapu Ram Mohan Naidu, and other dignitaries. Extensive security measures were implemented due to the prime minister’s visit. The first phase of the airport, developed at an estimated cost of ₹11,200 crore, aims to serve as a multi-modal transport hub, ensuring seamless connectivity through road, rail, metro, and regional transport systems. According to an official statement, the project will feature a multi-modal cargo hub with an initial handling capacity of over…