The Uttar Pradesh government has confirmed that Noida International Airport will begin domestic operations from May 15, 2025, with international flights to follow by June 25, 2025. Originally set to open in September 2024, the project faced delays due to construction setbacks, prompting the state to impose a INR 10 lakh per day penalty on the concessionaire. The airport is expected to transform the region, driving real estate growth and economic activity, similar to major airports in Hyderabad and Bengaluru. Plans for enhanced connectivity with Delhi, including air-conditioned electric buses, will further bolster its impact on regional development.Read more

Danish multinational Topsoe has moved its India operations from Faridabad to Noida, leasing 75,000 sq. ft. at DLF Tech Park. This shift aligns with a trend of corporations relocating to Noida, driven by the upcoming Jewar Airport, set to open by May 2025. Improved connectivity and rising property values-up by 20-30% in Greater Noida and along the Yamuna Expressway-are fueling commercial expansion. YEIDA has also received proposals for specialized hubs near the airport, reinforcing Noida's position as a strategic business hub attracting global companies.Read more

The Supreme Court has ordered that no coercive action be taken against Lotus Greens in connection with alleged irregularities in its Noida real estate project. This directive follows the developer's challenge against an earlier ruling by the Allahabad High Court, which had called for a CBI investigation into violations related to the Sports City project in Noida's Sector 150. The high court had also instructed the Noida authority to recover outstanding dues from all stakeholders and consider fresh bids in case of cancelled allotments. Lotus Greens expressed confidence in the apex court's intervention, hoping for a fair resolution for consortium partners and homebuyers.Read more

The Noida Authority has issued notices to developers involved in the Sports City projects, instructing them to clear all outstanding dues within a month in line with the Allahabad High Court's recent directives. The dues include pending premiums, interest on premiums, penalty interest, lease rent, the 64.7% additional compensation amount, and time extension fees. Developers failing to comply within the stipulated timeframe will face further legal action. The court has also barred developers from creating third-party rights through bookings until they complete the sports facilities as per the original project plan. Furthermore, original lessees and sub-lease holders are prohibited from selling land or altering shareholding structures until the completion of the first phase of sports facilities.Read more

Bhutani Infra has taken control of the first phase of Bhutani Bayview International Film City in Noida, a 230-acre project with an investment of INR 1,510 crore. With state-of-the-art production facilities, a dedicated film university, and convenient access to Noida International Airport, the plan aims to make Noida a global hub for filmmaking. A distinctive 250-acre emblem visible from space will emphasize India's cinematic identity, while the initiative corresponds with the Uttar Pradesh government's Film Policy 2023, which will create over 50,000 jobs. It will also incorporate sustainable commercial and hospitality areas, creating new standards in real estate and entertainment infrastructure.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) has transferred 230 acres of land to Bayview Bhutani Film City Private Limited, marking a major step in developing the Noida Film City near the upcoming Noida International Airport. The project, part of a larger 1,000-acre plan, aims to transform the region into a film production hub, creating an estimated 500,000 jobs. With sustainability measures, a film institute, and advanced shooting facilities, the Film City is expected to attract filmmakers and boost economic growth. Its strategic location and infrastructure development will further enhance the region's long-term economic prospects.Read more

The Noida District Administration has fined Bhutani Infra's Bhutani City Centre project in Sector 150 INR 5 lakh for unauthorized basement excavation without approval from the mining department. Officials seized an excavator after an anonymous complaint led to an inspection. Under Uttar Pradesh regulations, excavation beyond 2 meters requires prior clearance, which the builder failed to obtain. Authorities have ramped up enforcement, seizing 43 vehicles and four excavators in Greater Noida this year, imposing INR 23 lakh in fines. Amid recent building collapses linked to illegal excavation, this crackdown aims to ensure construction safety and regulatory compliance.Read more

Following a 4.0-magnitude earthquake on February 17, Noida authorities have intensified earthquake preparedness efforts, directing fire and disaster management teams to collaborate with developers and housing societies. Noida, classified under seismic zone 4, faces high earthquake risks due to rapid high-rise development. Structural safety inspections have begun, with focus on compliance with the National Building Code (NBC). Experts emphasize reinforced construction techniques to mitigate seismic risks, while past reports highlight weak enforcement in smaller projects. Amid rising commercial and residential growth, authorities are tightening safety measures to ensure Noida's urban expansion aligns with disaster resilience standards.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) plans to acquire 5,000 hectares near Jewar's upcoming international airport to drive real estate growth. The Uttar Pradesh government is developing key projects, including a film city, medical device park, logistics park, and data campus park. Authorities have prepared a master plan for 2041 to meet rising land demand. Of the acquired land, 1,040 hectares will support industrial expansion, while 178 hectares will house a logistics park. These initiatives reflect the government's commitment to economic growth, attracting investments, and positioning Uttar Pradesh as a pivotal hub for trade, commerce, and infrastructure development.Read more

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