The Noida Authority is launching its first industrial plot scheme under a revised MSME policy, offering 17 plots ranging from 200 to 7,500 sq. m. across six sectors. Covering 60,000 sq. m., these plots will be allotted via e-auction. Participants must deposit 10% of the reserve price, with 30% payable upfront. While industry groups argue e-auctions favor investors, Noida Authority is proceeding with the policy, aiming to standardize land allotment across the region. A detailed brochure will be released soon, and officials are identifying more land for future industrial expansion to boost MSME growth.Read more

The Noida Authority has filed a complaint with the Economic Offences Wing (EOW) of the Delhi Police against GSS Proco on charges of financial irregularities and diversion of funds. GSS Procon was given a 10,306 sqm plot in Sector 143A in 2010 for the Victory Crossroads project, which was to hand over 288 units. The builder, however, did not develop the project and has not yet settled INR 91 crore of land charges. Promoters Harvinder Singh Sikka, Gurnit Singh Sikka, Pramod Goyal, and Sandeep Goyal have allegedly sold flats, generated third-party rights, and siphoned off money rather than making payments to the Authority. The project is currently undergoing insolvency proceedings in the NCLT. Since November 2024, Noida Authority has complained against four developers, namely Shubhkamna Buildtech, IVR Prime Developers, and Logix City Developers Pvt Ltd, for similar financial mismanagement.Read more

The Noida Metro Rail Corporation (NMRC) is preparing to begin construction on the 11.56 km Metro corridor linking Botanical Garden station to Sector 142 within the next three months, pending final approval from the central government. This link, along with a proposed 5km route from Sector 51 to Knowledge Park-5, aims to enhance connectivity between Greater Noida and Delhi Metro's network. The project is expected to streamline travel to the upcoming Noida International Airport in Jewar and integrate seamlessly with the existing Aqua and Blue Line corridors. The NMRC board has allocated INR 2,254.35 crore for this initiative, which will feature eight new Metro stations. Additionally, a bus terminal at Botanical Garden station is being developed to further improve transport links.Read more

The Noida Authority has invited bids for a consultancy firm to oversee escrow accounts, track insolvency cases, and improve financial coordination. The selected firm will monitor developers' fund flow, ensuring land dues are cleared and preventing misuse of buyer payments. With 17 housing projects under NCLT proceedings, the consultant will assist in filing claims and coordinating with creditors. This move aims to recover pending dues, enhance transparency, and strengthen financial oversight in Noida's real estate sector. The deadline for submissions is February 18, with an initial one-year contract for the appointed consultant.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) successfully auctioned multiple hotel plots near Noida International Airport, generating INR 106 crore-12% above the reserve price. Equasocio Digital Technologies secured the highest bid at INR 31 crore for a 4,000-sqm plot. Other notable buyers include Balaji Enterprises, Ranchor Infra Developers, and Net2Source Consulting. Additionally, Bharat Petroleum acquired a fuel station plot for INR 12.2 crore. With investments exceeding INR 200 crore, these deals reflect strong investor confidence in the region's hospitality and commercial growth ahead of the airport's opening, positioning Noida as a key business and tourism hub.Read more

Residents from 32 societies in Noida, including sectors 7x, 137, 141, and 167, staged a protest over delays in property registries, affecting nearly 100,000 homebuyers. Around 25,000 pending registries belong to the 7x sector alone, impacting over 150,000 residents. Some homebuyers even took their protest to the Mahakumbh in Prayagraj, seeking wider attention. Protesters demand the implementation of the Amitabh Kant Committee report and UP CM's intervention, urging local authorities to auction builders' assets if necessary. Frustration grows as delays, especially in Supertech projects, stretch for years, leaving buyers in financial distress and uncertainty.Read more

The Noida Authority has taken stringent action against TGB Infrastructure by sealing two unsold flats and a commercial shop at the Meghdutam housing project in Sector 50 due to outstanding dues amounting to INR 55 crore. The Authority has also sought assistance from the district magistrate to recover the dues as land revenue. Despite a reduction in liabilities following a waiver under a state government scheme, the developer has yet to meet the required advance payment for property registrations. The Allahabad High Court recently directed the Authority to facilitate registrations for affected homebuyers, criticising its ineffective recovery efforts. Meanwhile, one of the developer's directors, Anil Kumar Saha, remains in custody.Read more

The Greater Noida Industrial Development Authority (GNIDA)'s penalty waiver initiative has facilitated over 11,500 property registrations since December 2023, easing legal disputes. 6,500 homebuyers have benefited from the scheme, introduced to assist 40,000 buyers impacted by stalled projects. Many were unable to register their flats due to developer's; unpaid dues. The waiver, effective from July 2024 to January 2025, relieved buyers of penalties up to INR 2.5 lakh. With many still struggling financially, GNIDA's upcoming board meeting will decide whether to extend the waiver, significantly impacting property ownership and buyer relief efforts in Greater Noida.Read more

The Allahabad High Court has upheld the Noida Authority's decision to demolish illegal shops in the Gardenia Gateway project, Sector 75, dismissing a petition from shop owners. The court ruled that the occupants lacked legal ownership, as the developer failed to obtain an occupancy certificate. Noida Authority CEO Lokesh M confirmed that action would be taken, reinforcing the city's crackdown on illegal constructions. The ruling highlights ongoing urban development violations and serves as a caution to property buyers to verify legal approvals before purchasing commercial or residential spaces in Noida.Read more

Noida Authority has filed a complaint with Delhi Police's Economic Offences Wing (EOW) against developers Shubhkamna Buildtech and IVR Prime Developers for failing to clear outstanding dues and misusing funds collected from homebuyers. The developers allegedly created third-party rights by selling flats but diverted the proceeds without settling their financial obligations. Shubhkamna Buildtech owes over INR 165 crore, while IVR Prime Developers has outstanding dues exceeding INR 660 crore. Additionally, a recovery notice of INR 57.6 crore has been issued against Sethi Buildwell for failing to comply with the state government's rehabilitation policy for stalled projects. Authorities have taken legal action and instructed the district magistrate to recover dues through a recovery certificate, reinforcing their commitment to protecting homebuyers' interests.Read more

The Noida Authority is making strong efforts to reclaim over 8.5 lakh sqm of unused land from Unitech, which is valued at over INR 10,000 crore, in order to recover dues of more than INR 11,000 crore. The reclaimed land spans several sectors and has remained undeveloped, despite being allotted to Unitech. Following a series of directives from the Supreme Court, Noida Authority continues to seek approval for projects in some sectors, but unresolved disputes and pending dues have hindered progress. A future hearing is scheduled to address these issues further.Read more

Vidhi Sangoi

The Noida International Airport, poised to become India's largest airport by area, is advancing rapidly towards completion, with Phase 1 expected to commence operations by April 2025. Spanning 5,000 acres in Gautam Buddh Nagar, Uttar Pradesh, the airport aims to ease congestion at Delhi's IGI Airport and enhance connectivity across the National Capital Region (NCR). Developed under a public-private partnership with Swiss firm Flughafen Zurich AG, the airport features world-class infrastructure, including seamless road and rail connectivity via expressways and a proposed high-speed rail link. Phase 1, with an investment of INR 10,056 crore, will accommodate 12 million passengers annually, with future phases expanding capacity to 70 million. The project, estimated to cost INR 15,000 to INR 20,000 crore, is expected to drive significant economic growth, create jobs, and boost real estate development in the surrounding areas.Read more

Max Estates and M3M India emerged as top bidders in a Noida Authority auction for commercial land parcels, collectively generating over INR 1,500 crore. Max Estates acquired the largest plot of 41,835 sq metres for INR 700 crore, with 40% designated for residential use. M3M India secured a 23,570 sq metre plot for over INR 400 crore. Mangalam Group and Vertex Construction also participated, winning plots of 24,000 sq metres and 812 sq metres, respectively. These developments underline Noida's growing prominence as a commercial hub, supported by past infrastructure investments and increasing demand for mixed-use spaces.Read more

Noida International Airport, set to open in four months, faces major connectivity challenges. Located 90 km from Delhi's IGI Airport, its accessibility is hindered by limited public transport options. Long-term projects like a metro extension and rapid rail corridor are years away. To address the gap, a bus service with 175-200 electric buses on six routes has been announced, alongside a taxi collaboration with Mahindra Mobility. High cab fares and lengthy travel times may deter passengers, especially when IGI offers robust transport links. Immediate measures, such as reliable bus services, are crucial to ensure the airport's success and regional impact.Read more

The Noida Authority is intensifying efforts to curb unauthorised construction across 80 villages within the Dadri-Noida-Ghaziabad investment region (DNGIR), also known as New Noida. CEO Lokesh M emphasized demolishing illegal structures following the October 2024 approval of the New Noida master plan. Warning boards and advertisements are being deployed to raise awareness. The industrial city, spanning 20,911 hectares, will develop in four phases over two decades, starting with 3,165 hectares by 2027. Authorities are working with farmers and village heads on land acquisition plans near key infrastructure. This proactive approach aims to balance development needs with local community interests.Read more

The Noida Authority, with local officials, reclaimed 150 acres of Hindon River floodplain land in Sorkha village, valued at INR 480 crore, from illegal colonizers. A demolition drive, involving 50 personnel, dismantled unauthorized boundary walls and plots. CEO Lokesh M warned against buying illegal properties, stressing financial risks. Additionally, an unauthorized building in Wajidpur village was sealed after defying notices and court orders. Over 200 unauthorized structures in the region have been identified for legal action. This proactive effort underscores the need for vigilance in real estate transactions and the importance of adhering to legal guidelines to prevent land encroachment.Read more

A group of farmers from Noida met Uttar Pradesh Chief Minister Yogi Adityanath earlier this month in Lucknow to discuss their demands for higher compensation and the allocation of developed residential plots. The meeting followed a series of protests, including a march towards Delhi in December, which led to traffic disruptions and several detentions. The farmers are seeking the implementation of the 2013 Land Acquisition Act and 10% developed plots. The state government has formed a high-level committee to address these concerns, and the CM assured the farmers that a new policy will be introduced soon.Read more

The Noida Authority is addressing non-compliance among industrial and IT/ITES plot owners by escalating 171 cases to the Uttar Pradesh government. Despite a 2024 extension for functional certificates, over 80 industrial plots and 90 IT/ITES plots remain non-compliant due to overdue payments or incomplete construction. Of 206 industrial plots under review, 80 are non-functional, with 30 facing financial hurdles. Similarly, only 16 of 107 IT/ITES plots meet requirements, prompting the authority to explore resolutions, including installment plans and reinstatements. This move aims to resolve defaults while fostering industrial growth and ensuring timely development across Noida.Read more

The Noida Authority has directed Suraksha Realty to take over the maintenance of Jaypee Kosmos after the developer's subsidiary ceased operations on January 1, 2025. The maintenance services, including housekeeping and security, had been suspended, and residents were left without support. Despite proposals from Suraksha to hand over maintenance to the apartment owners' association, the Noida Authority determined that the project was far from complete. The residents raised concerns about incomplete infrastructure and the lack of green spaces, and Suraksha was instructed to provide a comprehensive breakdown of common areas for verification.Read more

The Greater Noida Authority has introduced a scheme offering 10 residential plots ranging from 51 sqm to 500 sqm. The plots, priced between INR 27 lakh and INR 2 crore, will be allocated via e-auction, with possession granted within 30 days after completing formalities. The available plots include options in Sector 2, Sigma 2, Beta 2, and Delta 2, offering a mix of sizes and price ranges. Applicants must deposit 10% of the total premium to participate, and successful bidders have the option to pay the remaining amount in full or in quarterly installments. The plots come on a leasehold basis for 90 years.Read more