The Greater Noida Industrial Development Authority (GNIDA) is facing substantial financial challenges, striving to recover over INR 4,081 crore in outstanding dues from 21 major real estate projects. Efforts to collect these significant amounts are hampered by ongoing legal battles across various courts, including the National Company Law Tribunal (NCLT) and the Supreme Court. Major defaulters identified include Supertech Ltd and Unitech Ltd, whose projects are under judicial supervision.Read more

SAEL Industries has announced an investment of approximately INR 8,000 crore for establishing an integrated solar manufacturing facility in Greater Noida, Uttar Pradesh. The plant will feature a 5 GW solar cell unit and a 5 GW module manufacturing line, boosting SAEL's overall solar manufacturing capacity to 8.5 GW. The facility will produce advanced TOPCon solar cells and assemble them into modules in-house. Chief Minister Shri Yogi Adityanath has extended his support to the project, which aligns with the state's solar energy policy and vision for renewable energy leadership.Read more

The Uttar Pradesh government has granted a 14-year 'zero period' waiver to Sunworld City's stalled township project in Noida, Sector 22D. This relief covers penal interest and dues for approximately 20 unacquired acres that YEIDA failed to provide in 2011. The decision aims to reduce Sunworld City's financial burden and revive the project, which faced issues with fragmented land parcels and legal cases. YEIDA is now required to recalculate dues and issue a fresh demand notice, reflecting government efforts to address administrative lapses in stalled real estate projects.Read more

With high-rise living on the rise in NCR, Noida's fire department is upgrading its systems for better emergency response. A major boost comes from the Compressed Air Foam System (CAFS), recently tested at the 74-storey Supertech Supernova. Unlike conventional tenders, CAFS can reach up to 100 storeys and uses foam to fight fires more efficiently. At a recent expo, new gear like heat-resistant suits and air-purifying helmets was showcased. UP's MSME Minister announced district-level disaster units and a new digital portal for compliance checks. Backed by INR 30 crore each, Noida and Greater Noida are investing in audits, awareness drives, and robotic fire vehicles.Read more

The Airports Authority of India (AAI) implemented strict height restrictions within a 20-kilometre radius of the upcoming Noida International Airport. The directive prohibits any form of vertical construction whether residential or commercial buildings, telecom infrastructure, or even tall trees without securing prior clearance through an official No Objection Certificate (NOC) issued via AAI's NOCAS portal. This action comes amid rising real estate activity around the Yamuna Expressway and Jewar region.Read more

Authorities in Gautam Buddh Nagar have initiated a comprehensive safety protocol around the under-construction Noida International Airport, aiming to address threats from illegal buildings, waste mismanagement, and wildlife presence within a 10-km radius. The Airport Environment Management Committee (AEMC), led by District Magistrate Manish Kumar Verma, has mandated regular inspections, drainage improvements, and prohibition of unauthorised drone and laser activity. These interventions are deemed critical to ensure safe operations at the greenfield airport project in Jewar, which is nearing the start of its first phase after missing its earlier timeline.Read more

Greenbay Infrastructure faces a final ultimatum from the Yamuna Expressway Industrial Development Authority (YEIDA) to pay INR 118 crore by the end of July. Failure to meet this demand will lead to the cancellation of land allotment for its 100-acre township in Sector 22D, Noida. The developer has paid INR 40 crore but faces challenges, including unacquired land still under cultivation. YEIDA rejected a sublease request for a commercial plot to clear dues. This follows relief under a 2023 rehabilitation policy, where Greenbay paid an initial INR 110 crore against INR 441 crore recalculated dues but missed later installments.Read more

The Noida Authority is challenging a state government order that lets Gardenia Aims Developers use auction proceeds from 122 sealed flats to meet its 25% upfront payment for dues on a stalled Sector 46 project. The May 29 directive also allows the restoration of a 150-acre commercial plot without fees. The Authority claims this contradicts its December 2023 policy, which requires builders to deposit dues first for relief eligibility. Gardenia owes INR 692 crore and hasn't paid the demanded INR 140.5 crore. The issue is now in court, with the Authority seeking a policy review to ensure alignment with its stalled project resolution framework.Read more

The Noida Authority has denied Max Estates' request for a INR 67 crore waiver in transfer fees for the stalled Delhi One project in Sector 16B. Max Estates took over the project through a corporate insolvency process approved by the NCLT, offering to pay INR 613 crore in dues over three years to revive it. The Authority accepted the payment plan but ruled that the full transfer charges under its Unified Policy must still be paid, rejecting arguments that the insolvency process justified a waiver. Max Estates has already paid INR 135 crore, with three years granted to complete the project and clear dues.Read more

The Noida Authority has approved a targeted redevelopment policy to upgrade aging group housing societies and EWS units, inspired by Mumbai's urban renewal model. Focused on leasehold properties in sectors like 27, 93, and 93A, the plan allows phased redevelopment via project-specific RFPs. It includes demolishing old EWS flats and replacing them with larger, modern units while offering temporary housing during construction. Developers may sell extra units created through an increased FAR limit of 3.5, up from 2. The policy aims to enhance living standards, optimize land use, and improve infrastructure across older Noida neighborhoods, addressing long-standing urban renewal needs.Read more

The Noida Authority has challenged the Allahabad High Court's directive to register flats in Lotus Boulevard Espacia and Lotus 300, citing INR 87 crore and INR 160 crore in unpaid dues by developers Cloud 9 and HPPL, respectively. Despite occupancy certificates, flat registrations remain stalled for buyers who have paid in full. HPPL is under insolvency proceedings, though the court clarified promoters are still liable for scrutiny. The court also directed the Enforcement Directorate to investigate alleged fund diversion by Cloud 9's promoters. While the Authority may escalate the matter to the Supreme Court, buyer groups argue that compliant homeowners should not suffer for developer defaults.Read more

Saya Group has partnered with Carnation Hotels, a Lemon Tree Hotels subsidiary, to manage 336 BIZTOP Business Class Suites at the Saya SouthX project in Greater Noida West. Spanning floors 7 to 25, each 668 sq. ft. suite is designed for business travellers seeking high-quality serviced accommodation. Lemon Tree will bring hotel-grade operations to the mixed-use development, which includes retail, dining, a multiplex, banquet space, and more. Saya SouthX covers 6.8 lakh sq. ft. and targets over 50,000 daily footfalls. The collaboration blends Saya's infrastructure with Lemon Tree's hospitality expertise, reinforcing Saya's footprint in premium commercial real estate.Read more

The Allahabad High Court has reinstated 100 acres of land to the Royal Golf Link City project, overturning its cancellation by GNIDA. The court found GNIDA's revocation flawed, especially since the developer had paid INR 56 crore and was penalised for procedural lapses not of its own making. Crucially, GNIDA allotted land before fully acquiring it from farmers, creating legal confusion. The court ruled that allotments must follow proper acquisition, leading to the suspension of three senior GNIDA officials for negligence. The verdict is expected to influence future land-related disputes and highlights the judiciary's stance on upholding procedural integrity in public land deals.Read more

The Noida administration recently demolished an unauthorised farmhouse and swimming pool built on 2,000-sqm of panchayat land in Dalelpur village, valued at around INR 2.2 crore. The land has now been reclaimed for constructing a panchayat office and a polling booth. The demolition is part of a larger anti-encroachment drive across Noida, including crackdowns on illegal structures in the Yamuna floodplains and other rural zones, with authorities reclaiming nearly 10,000 sqm of notified land in earlier actions.Read more

The Greater Noida Industrial Development Authority (GNIDA) has opened applications for a new housing plot scheme near the upcoming Jewar International Airport, aiming to spur residential growth in this high-demand corridor. Three prime plots are up for auction via e-bidding: an 18,215 sq. m. plot in Sector Mu (reserve price INR 97 crore), a 30,000 sq. m. plot in Sector Sigma III (INR 152 crore), and a 3,999 sq. m. parcel in Sector Alpha II (INR 25 crore). Applications close on July 4, with possession granted within 30 days post-allotment. The plots offer excellent expressway connectivity and are poised to benefit from the airport's launch.Read more

The Noida Authority's board has approved a co-developer proposal for completing three of Supertech Limited's stalled housing schemes in Noida and Greater Noida. This arrangement allows Apex to invest INR 500 crore upfront and fund the remaining work, ensuring dues to the Authority are settled and flats are handed over to homebuyers. The move is contingent on Apex paying 25% of the outstanding land cost. Banks have already blessed the plan, and the Supreme Court is scheduled to review it in August. Homebuyers remain hopeful but stress no further delays or cost escalations.Read more

The Ghaziabad Development Authority (GDA) has made a renewed pitch for central funding to revive the long-stalled metro extension between Noida Electronic City and Sahibabad. The 5-km Blue Line link, expected to benefit over 500,000 daily commuters from Indirapuram, Vasundhara, and Vaishali, was initially estimated at INR 1,517 crore in 2018. That figure has now jumped to INR 1,873 crore due to price escalation and expanded land acquisition. Having failed to get state backing and NCR loans in previous attempts, the GDA is now eyeing a direct grant through the 16th Finance Commission to kickstart this critical urban mobility link.Read more

Amber Enterprises is set to invest INR 6,000 crore in developing a large-scale electronics manufacturing facility near the upcoming Noida International Airport in Jewar. The facility, planned over 100 acres in Sector 8 allotted by YEIDA, will focus on PCB assembly, consumer electronics, and home appliances. State officials view this as a major leap in Uttar Pradesh's industrial journey, which is being actively pushed under the leadership of Chief Minister Shri Yogi Adityanath. The initiative is expected to generate substantial employment and boost the region's manufacturing ecosystem.Read more

An auction to sell four flats owned by Newtech Promoters & Developers in Greater Noida's La Galaxia project failed to attract any buyers, despite efforts by the Sadar tehsil to recover dues worth INR 5.7 crore under UP-RERA guidelines. The flats had been seized after the developer's prolonged non-compliance with a 2020 recovery certificate that classified the dues as land-revenue arrears. Despite multiple public notifications, no bids were received, prompting officials to plan a rescheduled auction. In a broader crackdown, authorities also sealed the offices of 12 developers in Dadri, who collectively owe over INR 175 crore to UP-RERA. The actions highlight increasing enforcement measures against defaulting builders failing to meet obligations to homebuyers.Read more

The Greater Noida Industrial Development Authority (GNIDA) has initiated the allotment of 40 industrial plots in key sectors such as Ecotech, Udyog Kendra, and Udyog Vihar, aiming to foster entrepreneurship and industrial growth in the region. These plots, varying in size from 450 to 8,000 square metres, are priced between INR 28,600 and INR 33,950 per square metre. Entrepreneurs can establish units under 242 permitted categories, with certain restrictions on specific industries. Additionally, GNIDA has commenced the bulk land allotment process for a Multi-Modal Logistics Park near Dadri, covering 174.12 acres, to enhance logistics infrastructure.Read more