Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Ghaziabad

Uttar Pradesh Infrastructure: Ghaziabad's transit-oriented development stalled as Master Plan 2031 awaits approval

The development along major transport corridors in Ghaziabad continues to face delays as the Uttar Pradesh government has yet to approve the Unified Master Plan 2031. The master plan covers an area of 33,543.1 hectares and is designed to support an estimated population of 4.81 million by 2031. The plan aims to regulate development around rapid rail, metro, and expressway corridors. The Ghaziabad Development Authority (GDA) had previously revised the draft multiple times, incorporating transit-oriented development (TOD) zones and public feedback. The Unified Master Plan 2031 covers a total developed area of 33,543.1 hectares across Ghaziabad, Loni, and Modinagar/Muradnagar, which has been divided into 15 zones, with their respective zonal plans to be formulated in phases.Read more

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Ghaziabad Development Authority cuts Harnandipuram Township area by 150 hectares

The Ghaziabad Development Authority (GDA) has reduced the proposed Harnandipuram township project from 521 hectares to 371 hectares, citing financial limitations. The project will now exclude land from three villages-Shahpur Morta, Bhowapur, and Morta-while focusing on acquiring 127 hectares from five others. Land acquisition costs are estimated at INR 5,000 crore, with total development costs reaching INR 10,000 crore. A six-member panel will oversee the process to ensure fair land rates. The GDA aims to proceed with phased development while addressing financial and logistical challenges.Read more

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Ghaziabad: GDA conducts drone surveys to improve land records for Madhuban Bapudham housing scheme

The Ghaziabad Development Authority (GDA) is using drone technology to survey the Madhuban Bapudham housing scheme as part of a land audit, aiming to improve accuracy in land records. The scheme, launched in 2014, covers 1,234 acres and 2,750 plots. The drone survey will help correct mapping errors, including plots mistakenly allocated on crematorium land. Traditionally, manual zonal maps led to discrepancies, but digital integration will enhance precision. GDA officials assured affected allottees of reallocation. This technological upgrade aims to ensure transparency, reduce errors, and establish a reliable digital land record system for improved urban planning and development.Read more

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Ghaziabad Development Authority recovers 60000 sqm of land from illegal encroachments in 1 year

The Ghaziabad Development Authority (GDA) has reclaimed over 60,000 square meters of land from illegal encroachments in the past year, targeting 30 unauthorized colonies. Between January 1, 2024, and January 17, 2025, the GDA demolished 87 illegal structures, sealed 280 properties, and registered 172 FIRs, collecting fines worth INR 29.36 crore. The reclaimed land is crucial for the Harnandipuram township project, which requires 501 hectares. The demolition efforts have focused on key areas near the Transit-Oriented Development zone. GDA's crackdown aims to enforce urban planning regulations and ensure sustainable development in Ghaziabad.Read more

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Ghaziabad Municipal Corporation implements new demolition guidelines for transparency

The Ghaziabad Municipal Corporation has implemented the state government's revised guidelines for the demolition of unauthorised and illegal structures. The regulations require property owners to receive a show-cause notice at least 15 days in advance, delivered via registered post, or as per the timeframe specified by local municipal laws. To enhance transparency, demolition notices must also be sent via email to the district magistrate's office for automatic acknowledgment. A designated nodal officer will oversee communication between municipal authorities and ensure proper documentation. These measures have been introduced to prevent unauthorised demolitions and streamline the process.Read more

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Ghaziabad: GDA to recover INR 200 crore from Vaishali property owners decades after land acquisition

The Ghaziabad Development Authority (GDA) has decided to collect INR 200 crore from Vaishali property owners, nearly 36 years after acquiring land for the township. The move stems from a long-drawn legal battle that saw courts repeatedly increasing compensation rates for farmers whose land was acquired between 1986 and 1989. After failing to secure relief from the Supreme Court, GDA must now pay the enhanced compensation of INR 297 per square yard. The board also discussed and approved 14 proposals, including a decision to postpone mandatory structural audits for high-rises until discussions with developers are held.Read more

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Ghaziabad: GDA to propose mandatory structural audits for multi-storey buildings

The Ghaziabad Development Authority (GDA) is preparing to propose a mandatory structural audit for multi-storey buildings every three years during its first board meeting of the year. The proposal will make developers responsible for the audits, with accountability shifting to apartment owners' associations (AOAs) if maintenance is transferred. The policy will classify defects as major or minor, with clear timelines for rectification. Industry experts and residents believe this move will enhance building safety, especially in earthquake-prone regions like Delhi-NCR.Read more

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Ghaziabad leads UP in RC recoveries with 77% success rate and lowest pendency

Ghaziabad has achieved a 77% recovery rate for recovery certificates (RCs) issued to defaulting developers by UP RERA, marking the lowest pendency rate (23%) in Uttar Pradesh. Of 699 RCs worth INR 204.47 crore, 365 valued at INR 94.31 crore remain pending. In contrast, GB Nagar recovered INR 405.03 crore but faces a 72.21% pendency. Challenges include developers' out-of-district addresses, delaying enforcement. Despite fewer projects than GB Nagar, Ghaziabad's focused efforts benefit homebuyers, setting a benchmark for RC recoveries in the state. Moving forward, the city aims to further reduce pendency and enhance regulatory compliance.Read more

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Ghaziabad authorities take action against 61 societies for unauthorized borewells

The groundwater department has issued notices to over 61 residential societies in Ghaziabad for operating unauthorized borewells, giving them 30 days to submit compliance reports. Triggered by complaints, the investigation revealed illegal water extraction practices in societies like Shipra Suncity and ATS Advantage, amid a 7-meter drop in groundwater levels. Many residents cite unreliable Ganga water supply as the reason for borewell dependency. Hydrologists stress the need for stricter NOC regulations, while locals demand improved water management. With urbanization driving water scarcity, the situation highlights the pressing need for sustainable solutions and collaboration among authorities, builders, and communities.Read more

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Uttar Pradesh government to streamline township handovers ensuring better services for residents

The Uttar Pradesh government is working to address long-standing delays in township handovers from private developers to local civic bodies. Currently, residents face poor maintenance and dual charges due to incomplete transfers. A meeting in Lucknow with representatives from cities like Ghaziabad and Kanpur will focus on standardizing the process. The Ghaziabad Development Authority's recent handover of Indirapuram after a 7-year delay highlights the challenges. A planned committee will develop SOPs to ensure smoother transitions, reducing resident burdens and improving services. This initiative aims to enhance transparency, accountability, and management across townships statewide.Read more

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Ghaziabad Development Authority invites firms to present detailed project report for Harnandipuram township

PNT Reporter

The Ghaziabad Development Authority (GDA) has invited private firms to present their plans for creating a detailed project report (DPR) for the Harnandipuram township. Three companies have already made their presentations, with financial bids expected to follow. The DPR will focus on essential infrastructure, including road connectivity, drainage, and water systems, while ensuring the township is designed to address pollution. Additionally, new technologies like AI will be incorporated to promote water and energy conservation. The project will span 521 hectares and is estimated to cost INR 10,000 crore, with partial funding from the state government.Read more

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GDA raises INR 58 crore in a single-day property auction, boosting infrastructure projects

The Ghaziabad Development Authority (GDA) raised INR 58 crore in a single day through an auction of residential and commercial properties. Major contributions came from the Karpuripuram and Indirapuram housing schemes, with revenue earmarked for the development of Harnandipuram township. The success of the auction reflects growing investor interest in Ghaziabad, driven by improving infrastructure and connectivity. GDA's revenue projections for the Indirapuram Extension scheme are over INR 285 crore. The increased property sales signal a positive trend in Ghaziabad's real estate market, with ongoing urban development initiatives expected to sustain demand.Read more

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Prestige Estates to develop 'Prestige City' Township in Ghaziabad

Prestige Estates Projects Ltd is investing around INR 7,000 crore to develop a large township in Ghaziabad, part of its expansion in the Delhi-NCR property market. The 'Prestige City' project will span 10 million square feet, featuring residential units, retail, and educational facilities, with expected revenue of over INR 10,000 crore. The company has also acquired land in central Delhi for an ultra-luxury housing project and plans a project in Noida. Despite a recent decline in sales bookings, Prestige achieved INR 21,040 crore in bookings last fiscal year and aims for INR 24,000 crore this year, positioning itself for further growth in Delhi-NCR.Read more

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Ghaziabad Municipal Corporation struggles to recover INR 300 crore in tax dues

Ghaziabad Municipal Corporation (GMC) faces financial strain due to unpaid municipal service charges from government properties. Currently, 69 state government properties owe INR 162.55 crore, while 41 central government buildings have outstanding dues of INR 280.7 crore. Despite efforts to collect, significant payments remain overdue. These service charges, vital for maintaining local infrastructure, are based on the buildings' rental values, yet exemptions granted to agencies like DMRC and NCRTC complicate collections. GMC's struggles highlight the need for clear, enforceable policies to ensure government properties contribute to local services, safeguarding the financial stability of municipal bodies.Read more

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GDA revives Indirapuram Extension Project with INR 5 crore infrastructure investment

The Ghaziabad Development Authority (GDA) has announced a plan to develop a land parcel under the long-shelved Indirapuram Extension scheme, allocating INR 5 crore for essential infrastructure like roads, parks, and a sewer network. Covering 30,000 square metres, the project will feature 47 residential and three commercial plots, set to be auctioned within a year. GDA officials project revenue of over INR 285 crore, with residential plots priced at INR 95,000 per square metre and commercial parcels at INR 1.15 lakh. The initiative comes after years of delays caused by farmer protests and legal challenges over land compensation.Read more

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Prateek Group invests INR 125 crore in an affordable housing project in Ghaziabad

Prateek Group, a prominent real estate developer in the NCR region, has announced its investment of INR 125 crore in an affordable housing project, Prateek Aurelia, located in Siddharth Vihar, Ghaziabad. The project, aimed at EWS (Economically Weaker Sections) and LIG (Low-Income Group) families, is part of the Uttar Pradesh Government's Township Policy. The project will offer modern amenities and excellent connectivity, with booking registrations open for a limited time. This initiative is a major step toward providing quality housing solutions for low-income families in the region.Read more

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Ghaziabad: GDA implements Section 11 to halt land speculation in Harnandipuram Township area

The Ghaziabad Development Authority (GDA) is set to acquire 541.1 hectares across eight villages for the new Hamnandipuram township. To prevent land price inflation and protect local farmers, the GDA will restrict land transactions, discouraging purchases by outsiders. The affected villages include Nagla Firoj, Mohanpur, Morta, and others. An official notification is expected soon. The township, estimated to cost INR 10,000 crore, will focus on sustainable technologies, including AI-driven water management, solar energy, and resource conservation. This project aims to modernize Ghaziabad, boosting housing, infrastructure, and economic opportunities while maintaining environmental balance.Read more

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Wave Group to reduce land holdings in Ghaziabad Township

Wave Group is divesting part of its land bank in Wave City, Ghaziabad, to boost cash flow, with plans for approximately 12 million square feet of development by various builders. The company also aims to launch a project offering seven million square feet of premium and affordable housing. Demand for premium apartments has surged, causing a nearly 30% price increase in the secondary market. In contrast to prices in Noida and Gurgaon, which exceed INR 15,000 and INR 20,000 per square foot, Wave City offers rates below INR 9,000. Currently, over 4,000 families reside in the township.Read more

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Ghaziabad's 15% circle rate hike intensifies housing affordability crisis

Ghaziabad has hiked circle rates for properties by up to 15%, with significant increases in key areas like Wave City, Aditya World City, and Indirapuram. Residential plot rates in Wave City rise from INR 17,300 to INR 35,000 per sqm, while Indirapuram's circle rate jumps from INR 58,000 to INR 95,000 per sqm. Commercial and agricultural properties see similar hikes, with rates increasing by 10%. The rise follows infrastructural developments, including metro and expressway expansions. The stamp and registration department aims to boost revenues from INR 125 crore mid-year to the fiscal target of INR 3,104 crore.Read more

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Ghaziabad civic body finalises Indirapuram takeover with INR 185 crore agreement

The long-awaited handover of Indirapuram from the Ghaziabad Development Authority (GDA) to the corporation, a process underway since 2016, is nearing completion. Following a recent board meeting, the GDA agreed to transfer INR 185 crore to the corporation, allocated for infrastructure repairs and development, including road, sewage, and water systems, along with funding for a waste transfer station and material recovery centre. Payments will be delayed over 10 months, with initial funds provided upfront. The transfer had been delayed due to disagreements over the amount, but recent directives and agreements have set the process in motion.Read more

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