Tag: Noida

Latest StoriesRegulatory

SC Ruling on Supertech Supernova Offers Hope to Buyers

NEW DELHI: The Supreme Court’s recent order to appoint a new developer for the Supertech Supernova project in Noida, which is currently undergoing insolvency proceedings, has sparked renewed hope for countless homebuyers awaiting progress on stalled housing projects. As the construction of several projects has come to a halt during the insolvency process, the Supreme Court has stepped in to protect homebuyers’ interests by appointing a three-member committee to select another builder for the Supernova project, putting all entities under the Insolvency and Bankruptcy Code aside. The committee is tasked with appointing a new developer by evaluating proposals based on…

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RG Group Revives Greater Noida West Housing Post-Insolvency

NEW DELHI: RG Group has successfully completed the first phase of its previously stalled RG Luxury Homes project in Greater Noida West, following insolvency proceedings. The total construction costs post-NCLT are estimated at around ₹200 crore. Following the project’s admission to the National Company Law Tribunal (NCLT), the developer has refunded approximately ₹95 crore to homebuyers. Post-insolvency, ₹43 crore was infused by the promoter into the project, while banks provided nearly ₹27 crore in construction financing. After NCLT proceedings, the outstanding authority dues amounted to about ₹200 crore, of which ₹60 crore has already been paid. To obtain regulatory approvals…

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Cabinet Approves New Building Plan Norms for Noida Private Land

LUCKNOW: The Uttar Pradesh cabinet approved the New Okhla Industrial Development Authority (Building Construction on Land Transferred Through Exchange) Regulations, 2025, during a meeting on Monday. This initiative seeks to streamline the building plan approval process on privately owned land in the Noida region. Following the meeting chaired by Chief Minister Yogi Adityanath, the cabinet’s decision enables direct processing of applications for building map approvals on exchanged land by the Noida Industrial Development Authority (Noida Authority), bypassing the courts. According to Industrial Development Minister Nand Gopal Gupta ‘Nandi’, there weren’t clear policies under the existing Noida Building Regulations, 2010, for…

InfrastructureLatest Stories

Haryana Proposes Rajiv Chowk as Start for RRTS Corridor

GURUGRAM: The Haryana government has suggested that Rajiv Chowk serve as the starting point for the Gurgaon–Faridabad–Noida Namo Bharat (RRTS) corridor. Officials believe this strategic location will boost ridership throughout the day, enhance multimodal connectivity, and provide significant advantages to commuters. However, the National Capital Region Transport Corporation (NCRTC) has expressed reservations, citing increased construction costs, engineering obstacles, and the possibility of a detour between IGI Airport’s Aerocity and Noida International Airport. Disagreements arose during a meeting to finalize the draft detailed project report (DPR) for the corridor. This project is designed as a rapid transit link connecting IGI Airport…

Latest StoriesRegulatory

NGT Halts Order to Attach Gaursons Promoters’ Office, MD Case

NOIDA: The National Green Tribunal (NGT) has suspended its prior directive to attach the headquarters of Gaursons Promoters Private Limited and initiate criminal proceedings against the company’s managing director, granting temporary relief to the real estate developer. This ruling was made by a bench featuring judicial member Justice Arun Kumar Tyagi and expert member Dr. Afroz Ahmad, following the company’s request to modify or overturn the tribunal’s Dec 16 directive. This directive had been issued during the hearing of an execution application presented by a Greater Noida resident, claiming non-compliance with earlier tribunal orders. Senior advocate A R Takkar, representing…

InfrastructureLatest Stories

Gurugram-Noida RRTS: Draft Report Reveals Six Stations

GURUGRAM: The NCR Transport Corporation has presented a draft detailed project report (DPR) to the Haryana government for a rapid rail corridor connecting IFFCO Chowk in Gurgaon to Surajpur in Greater Noida. This corridor is essential for the Central government’s vision of a high-speed rail link between Delhi’s IGI airport and the future Noida International Airport in Jewar. The DPR has been submitted for the Haryana government’s feedback. As outlined in the draft, the corridor will traverse Sector 54, enter Faridabad at Bata Chowk, and continue through the Sector 85-86 intersection towards Noida sectors 142/168 before reaching Surajpur. The corridor,…

Latest StoriesRegulatory

Allahabad HC upholds ED proceedings in Grand Venice case

PRAYAGRAJ: The Allahabad High Court on Thursday refused to quash proceedings by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002 (PMLA) concerning the FIR related to the Grand Venice project in Greater Noida, Gautam Budh Nagar. The court made important observations regarding the jurisdictional prerequisites and statutory protections governing the powers exercised under the Act. The Grand Venice project was developed on a commercial plot allocated by the Greater Noida Industrial Development Authority, intended for a theme-based commercial mall and an adjacent commercial tower. On June 9, 2015, an FIR was filed at the Kasna police…

Latest StoriesResidential

YEIDA Raises LIG Housing Minimum Plot Size to 40 Sq Meters

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has raised the minimum plot size for its housing scheme aimed at the informal sector and lower-income groups from 30 sqm to 40 sqm. This adjustment, stemming from an internal survey of an earlier proposal approved by the board in June, is designed to offer over 3,800 residential plots in sectors 17, 18, and 20. Officials indicated that the survey determined that 30 sqm plots were impractical according to current building regulations and construction practices in the area. Smaller plot sizes would inhibit safe vertical development and functional layouts. In…

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Noida Authority to Create Database of Illegal Buildings

NOIDA: The Noida Authority is creating an online database to record illegal constructions, providing current statuses, photographs, and authorized land uses. A second database will monitor demolitions, designating reclaimed land as owned by the Authority. This initiative aims to prevent fraud in land and property transactions. As of January 2024, Noida has reclaimed 2.3 million sqm of encroached land valued at over Rs 2,200 crore. Officials stated that identified land mafias will be publicly named, with action reports shared with the police commissioner for prompt enforcement. Warning boards are being placed on reclaimed plots, clearly indicating that the land belongs…

InfrastructureLatest Stories

YEIDA to Develop Future-Ready Service Master Plan

NOIDA: YEIDA has chosen to hire a consultant to develop a comprehensive service master plan for its designated area, with special emphasis on water supply, sewerage, and stormwater drainage systems. According to officials, the plan aims to evaluate existing infrastructure and create a roadmap for enhancements and expansions, considering anticipated growth in the region. While the master plan provides a long-term framework for urban development, the service master plan focuses on sector-specific technical details, converting the master plan’s vision into tangible infrastructure systems. As part of this initiative, the consultant will conduct a thorough analysis of current water supply, sewerage,…