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 : Noida

Noida Authority refuses flat registrations in Lotus projects over unpaid builder dues

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

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Saya Group partners with Lemon Tree Hotels to manage BIZTOP suites in Greater Noida

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

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High Court restores land rights for Royal Golf Link project in Greater Noida

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

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Noida Authority demolishes illegal farmhouse on panchayat land in Dalelpur village

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

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New GNIDA housing scheme offers large plots near Jewar Airport, e-bidding open till July 4

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

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Noida Authority approves co-developer model proposal to fast-track stalled projects

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

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GDA seeks INR 2,441 crore in central aid to revive Noida-Sahibabad metro corridor

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

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Amber Enterprises to invest INR 6,000 crore in electronics hub near Noida International Airport

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

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No takers for Newtech flats as INR 5.7 crore auction attempt falls flat in Greater Noida

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

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Greater Noida Authority launches allotment of 40 industrial plots to boost entrepreneurship

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

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YEIDA launches 206-acre tech hub near Noida International Airport, aims to boost electronics manufacturing

YEIDA has initiated plans to develop a INR 450 crore tech-hub across 206 acres in Sector-10, near Noida International Airport. Backed by INR 144 crore from the Centre under the EMC 2.0 scheme and INR 340 crore from YEIDA, the hub is set to be completed by January 31, 2028. Havells, the anchor-unit, will invest INR 800 crore on a 50-acre plot to manufacture electrical-goods, creating 1,000 jobs in its first-phase. The project is expected to generate 31,000 jobs in total. The remaining land will host 66 industrial-plots, with 39 acres reserved for roads, green-belts, and infrastructure.Read more

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Noida Authority intensifies crackdown on illegal constructions across five villages

In a decisive move against unauthorized constructions, the Noida Authority has identified approximately 20 illegal structures across the villages of Gadhi Chaukhandi, Barolla, Salarpur, Basai, and Bhangel. These buildings, erected without requisite approvals on notified lands, have been marked in red with 'illegal' signage and served official notices to caution current occupants and potential buyers. The authority has reclaimed nearly 10,000 square meters of land, valued at approximately INR 30 crore. Demolition drives have been executed in Barolla, Salarpur, and Hajipur villages, targeting under-construction houses and shops built unlawfully. This initiative aligns with Noida's broader strategy to expand its landbank, which includes significant allocations for industrial, institutional, residential, group housing, and commercial developments.Read more

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Bhutani Infra teams up with Yashoda Hospital for AI-powered mixed-use campus in Greater Noida

Bhutani Infra has partnered with Yashoda Hospital to co-develop a large-scale, AI-driven mixed-use project in Greater Noida West, with an estimated investment of INR 1,000 crore, excluding the land cost. The collaboration will result in a futuristic campus featuring a hospital, a 5-star hotel, office and retail spaces. Yashoda Hospital, which owns the 10.25-acre site, will oversee the medical infrastructure, aiming to revolutionise healthcare delivery through predictive and preventive technology. Bhutani Infra, known for several developments in Delhi-NCR, is also co-developing the Noida International Film City with Bayview Projects, promoted by filmmaker Boney Kapoor.Read more

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Noida court restricts protests near Jaypee office amid homebuyer discontent

A Noida civil court has imposed a 100-meter protest-free zone around Jaypee Infratech's Sector 128 headquarters, following a plea by the company's new management, Suraksha Group. The interim order, issued ex parte, comes after homebuyers, awaiting possession since 2010-11, intensified demonstrations over stalled projects. The court limited the no-protest zone to 100 meters, rejecting Jaypee's request for a 500-meter buffer due to insufficient evidence. Homebuyers, represented by the JIL Real Estate Allottees Welfare Society (JREAWS), plan to challenge the order in the next hearing scheduled for July 15, asserting their right to peaceful protest and demanding timely project completion.Read more

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NGT pulls up Greater Noida builders for failing to disclose water sources used in construction

The National Green Tribunal (NGT) has expressed serious concern over 21 real estate developers in Greater Noida West who have failed to disclose the source of water used during construction. This follows a petition filed in 2022 alleging rampant illegal groundwater extraction by builders. Although the Uttar Pradesh Pollution Control Board (UPPCB) issued notices in March 2025, only one developer has complied. The NGT has now directed all defaulters to submit source details within 10 days. The tribunal will review the case on July 29, 2025. The issue highlights the urgent need for stricter environmental oversight in urban construction practices.Read more

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Noida Authorities seal offices of 12 builders over INR 175 crore in unpaid dues

In a decisive move to enforce compliance, the Gautam Budh Nagar district administration has sealed the offices of 12 real estate developers in Dadri tehsil, Noida, for failing to clear dues exceeding INR 175 crore owed to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). Despite multiple recovery notices, these builders did not respond, prompting the administration to take action under land revenue laws. Major defaulters include Uttam Steels, Rudra Buildwell Homes, and Ansal Hitech Township. Officials have warned of further actions if dues remain unpaid, highlighting ongoing challenges in recovering funds from non-compliant developers.Read more

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Noida cracks down on builders: 12 offices sealed over INR 175 crore in unpaid dues

The district administration in Dadri, Noida, has recently sealed the offices of 12 real estate developers due to unpaid dues exceeding INR 175 crore to UP-RERA. Despite repeated recovery notices, these builders failed to comply, prompting strict enforcement actions. Key defaulters include Uttam Steels and Associates, Rudra Buildwell Homes, and Ansal Hitech Township. This move reflects a broader issue, with over 100 projects in the area collectively owing more than INR 500 crore. Recovery efforts face significant challenges, especially involving builders based in Delhi, highlighting the need for improved inter-state coordination and stronger regulatory measures to safeguard homebuyers and ensure accountability in the real estate sector.Read more

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NBCC raises INR 1,468 crore through e-auction of 446 apartments in Noida

State-owned NBCC (India) Ltd has successfully generated INR 1,468 crore by selling 446 apartments in Noida through an e-auction. According to a regulatory filing made earlier this week, the company disclosed that these residential units were part of the Aspire Silicon City project located in Sector-76, Noida. The transaction is expected to aid NBCC in repaying debts incurred for completing stalled projects under the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE), a scheme initiated under the directive of the Supreme Court. The sale also entitles NBCC to a 1 per cent marketing fee based on the total transaction value.Read more

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Noida Authority intensifies crackdown on illegal farmhouses along Yamuna floodplains

The Noida Authority is set to issue notices to approximately 250 farmhouse owners for constructing permanent structures on the Yamuna floodplains, areas designated solely for agricultural use. While land transactions are not prohibited, any non-agricultural construction is illegal. Since May 2022, the Authority has demolished around 200 such structures, though many owners obtained stay orders from the Allahabad High Court, temporarily halting further action. Aerial surveys using drones have been initiated to identify new illegal constructions, with plans for a large-scale enforcement campaign.Read more

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Noida set to inaugurate Bhangel Elevated Road and Sector 96 HQ

The Noida Authority is set to unveil two major infrastructure projects: the Bhangel Elevated Road and its new administrative headquarters in Sector 96. The 5.5 km, six-lane elevated road-built over the DSC Road at a revised cost of INR 608 crore-will ease traffic between Noida and Greater Noida by bypassing congested areas like Chhalera and Bhangel. Meanwhile, the Authority's twin-tower HQ, spanning six acres and revised to INR 304 crore after design flaws and contractor delays, is also nearing completion. Despite repeated setbacks, both projects aim to improve connectivity and governance, signaling Noida's push toward efficient urban infrastructure and administration.Read more

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