The groundwater department has directed the AOA of Amrapali Leisure Valley in Greater Noida West to close all private borewells within 15 days and submit a compliance report, following the discovery of 50-60 unauthorized borewells. The society, which has around 800 villas but lacks a completion certificate and a water connection from GNIDA, relies on eight shared borewells for water. Ankita Rai from the groundwater department confirmed these borewells will remain operational, while individual villa owners' borewells will be decommissioned. The AOA asserts that only NBCC, responsible for water supply, should be held accountable. Decisions on fines are pending.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched an investigation into serious allegations against senior officials regarding the improper issuance of completion certificates to ten kiosk owners who had not commenced construction. Evidence suggests these certificates bypassed standard approval procedures. Granted between May and July for kiosks in sectors 32, 22D, 20, and 17A, the certificates should have received final approval from YEIDA's CEO, Arun Vir Singh. The authority is considering revoking land allocations due to these irregularities. A dedicated committee, led by Additional CEO Shruti, will investigate the situation, aiming to restore transparency and fairness in land distribution processes.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) is set to establish its first Software Technology Park in Sector 28, covering 100 acres and aimed at IT and IT-enabled services companies. Earlier this week, Chief Minister Yogi Adityanath announced that the IT sector would receive industry status, granting various benefits to IT firms. YEIDA is also discussing plots with major Indian IT companies, including Infosys and Wipro. Additionally, a scheme for 20 mixed-use land plots will be launched during the upcoming Navratri festival, integrating industrial, residential, commercial, and essential facilities.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) reported a substantial revenue of INR 982.51 crore in the first half of FY25, showing an increase of over INR 200 crore compared to the same period last year. However, expenses outstripped earnings, totalling INR 1,301 crore. A large portion of the expenditure went into land acquisition, more than doubling last year's figures. The rise in revenue, particularly from group housing projects, alongside increased airport and development spending, reflects YEIDA's focus on future infrastructure growth, despite rising costs.Read more

After a 27-year legal impasse, the Greater Noida Authority has approved the registration of 800 apartments in the Senior Citizen Home Complex Welfare Society, providing relief to homebuyers who have lived without formal ownership. The delay stemmed from internal disputes within the society, preventing the issuance of a completion certificate essential for property registration. Following intervention by Uttar Pradesh Chief Minister Yogi Adityanath in December 2023, the authority resolved the issues and issued the certificate. The process will allow homeowners to officially transfer ownership titles, marking a major milestone for residents awaiting legal ownership since 1997.Read more

The Noida Authority has launched a comprehensive scheme to establish six new hotels across the city, catering to the growing market demand. This initiative aims to bolster the city's hospitality infrastructure and strengthen its position as a thriving commercial and tourist destination. The scheme includes plots for three budget hotels and three star-category hotels, located in strategic sectors. The allotment process will be conducted through an e-auction, and the Authority expects to generate over INR 1,000 crore in revenue from this initiative. Additionally, the Greater Noida Industrial Development Authority has introduced a scheme for BPO and ITES plots, further enhancing the city's business ecosystem.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a housing scheme in Sector 22D, strategically located near the Noida International Airport, Film City, and Toy Park. This initiative offers 1,239 flats across three categories, with prices ranging from INR 21 lakh to INR 45 lakh, available on a first-come, first-served basis. Bookings commenced on September 19 and will continue until March 31, 2025. Notably, 17.5% of the flats are reserved for farmers affected by land acquisition for development. The project promises excellent connectivity to key economic hubs and attractions.Read more

The Enforcement Directorate's Lucknow unit conducted extensive raids on multiple premises linked to former Noida CEO Mohinder Singh and various builders as part of a money laundering investigation. Following the Allahabad High Court's directives, the ED focused on Hacienda Projects Private Limited (HPPL) and its promoters, who allegedly diverted investors' and home buyers' funds, failing to deliver promised flats. During the searches, assets worth approximately INR 4.256 billion were seized, including cash, gold, diamond jewelry, and property documents, highlighting the significant scale of the alleged fraud affecting home buyers of the Lotus 300 Projects in Noida.Read more

The Uttar Pradesh government recently greenlit the ambitious YEIDA Master Plan 2041, set to transform the region surrounding the Noida International Airport in Jewar. Covering 3,352 sq km across six districts, the plan includes mega projects such as a medical device park, semiconductor park, olympic park, and an aerotropolis. With zoning reforms and enhanced infrastructure, the plan aims to balance industrial growth with urban development, positioning the region as a global hub.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new housing scheme offering over 1,200 affordable flats in Sector 22D, near the upcoming Noida International Airport. The scheme includes 1BHK and 2BHK units, with various pricing options and flexible payment plans. Possession is granted after a minimum payment of 30% of the total premium, and an Apartment Owners Association will manage maintenance after two years. Strict guidelines ensure the flats are used for residential purposes, highlighting the importance of compliance for potential homeowners.Read more

The Noida Metro Rail Corporation (NMRC) has issued an expression of interest (EOI) for the commercial development of three plots totalling 44,151 square metres near the Okhla Bird Sanctuary metro station. The EOI aims to attract experienced firms and institutions skilled in commercial real estate, covering areas like project management and financing. The plots, designated for commercial use under the Noida Master Plan and Building Byelaws 2010, are available for lease for up to 60 years. Developers are expected to create buildings designed to last at least 100 years.Read more

The Noida Authority has identified around 1,200 plots across various categories for upcoming schemes. In a recent meeting led by CEO Lokesh M, it was revealed that 1,190 plots remain vacant, spanning industrial, residential, commercial, group housing, and institutional uses. The Authority aims to allocate 5.5 lakh square meters (135 acres) of land in the current fiscal year, with specific areas designated for each sector. Anticipated revenue generation is INR 3,795 crore, mainly from group housing (INR 1,080 crore) and commercial sectors (INR 1,010 crore). This strategic land allocation reflects Noida Authority's efforts to stimulate regional growth while addressing underused plots to boost economic development.Read more

Unitech is set to resume its long-delayed housing projects in Noida following the Noida Authority's approval of a revised layout in June 2023, per a Supreme Court directive. Last week, a bhoomi puja was conducted for the Express City project in sectors 96, 97, and 98. The revised plan includes seven towers in Amber, seven in Burgundy, and 397 plots in The Willows, with a mix of residential, recreational, and institutional spaces. Unitech aims to complete these projects within 26 to 36 months, addressing delays and rebuilding buyer confidence.Read more

The Noida International Airport, initially set to open in September, is now projected to commence operations by April 2025 due to steel procurement delays. During a review meeting, Chief Minister Yogi Adityanath emphasized resolving construction issues at the government level and warned of a daily INR 1 million fine on the airport concessionaire, YIAPL, if further delays occur. With land acquisition for Phase 2 underway, the project's completion remains a priority, focusing on connectivity, infrastructure readiness, and addressing farmer concerns. The airport's phased development aims to enhance regional growth and connectivity.Read more

Noida Authority recently sealed Omaxe Buildhome's Grand Omaxe housing society in Sector 93B due to non-payment of INR 457.8 crore in dues. The developer failed to pay 25% of the recalculated dues, approximately INR 114.4 crore, even after receiving relief under the Covid-19 relief package. Noida Authority CEO Lokesh M stated that the developer had ignored multiple notices before the property was sealed. The Authority also plans to seal unsold flats and vacant land at other projects. Of 57 defaulting projects, only 22 have accepted the rehabilitation package, with 29 developers owing around INR 6,900 crore.Read more

ATS Realty, a prominent developer, has recently cleared INR 130 crores in outstanding dues to the Yamuna Expressway Industrial Development Authority (YEIDA), enabling the commencement of a 100-acre township development near the upcoming Noida International Airport. This payment was made in accordance with the Amitabh Kant committee's recommendations, which granted developers a deadline of August 31st to clear 25% of their outstanding dues and additional farmer compensation. The committee's report is seen as a significant step towards reviving stalled projects and boosting investor confidence in the sector. A revival in the housing and construction sector is also vital for boosting the overall economy.Read more

The Greater Noida Industrial Development Authority (GNIDA) recently auctioned three residential plots for INR 521 crore, exceeding the reserve price of INR 262 crore. Eldeco Infrastructure, Prasu Infrabuild with Divyansh Infraheight, and Purvanchal Projects secured these plots. This follows a successful e-auction where GNIDA sold five land parcels for INR 1,500 crore. Eldeco has been particularly active, acquiring multiple land parcels in Noida, Gurgaon, and Sonipat. The company recently secured INR 350 crore in funding from HDFC Capital Advisors, bringing their joint platform's corpus to INR 850 crore. Eldeco Group has completed 200 projects and currently has 30 more in various stages of development.Read more

The Sports City project in Noida, Sector 150, was halted in 2021 after a Comptroller and Auditor General (CAG) audit highlighted several issues with the land allotment process. The concerns raised by the CAG led to the suspension of the project, which has remained on hold since then. According to officials, the Noida Authority is now reviewing the project and considering its future progress. The Noida Authority plans to discuss it in an upcoming board meeting, where a final decision may be made on whether to lift the ban and resume work on the Sports City development project.Read more

Eros Group is investing INR 400 crore to advance the development of Phase 3 of its Eros Sampoornam residential project in Greater Noida. Spanning 21,728 square metres, the project includes 11 towers with luxurious 2 and 3 BHK apartments. The company has already sold inventory worth INR 200 crore, reflecting strong buyer confidence. Located near the upcoming Aqua Line metro station, the project offers state-of-the-art infrastructure and modern amenities, including a gated community and a sophisticated community centre. Eros Sampoornam 3 promises to elevate living standards, blending luxury, comfort, and strategic convenience for its residents.Read more

The Allahabad High Court has directed the Noida Authority to maintain the status quo regarding a demolition notice in Wajidpur village until the petitioners' objections are resolved. The petitioners argue that the land was previously declared as abadi land and that the new notice could lead to eviction and demolition without considering their concerns. The court has instructed the Authority to address these objections within six weeks while ensuring all stakeholders are heard. This decision highlights ongoing conflicts over land use and authority jurisdiction in Noida's urban development efforts.Read more