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 pushes to reclaim unused Unitech land worth INR 10,000 crore

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

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Noida International Airport: India's largest aviation hub set for April 2025 launch

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

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Max Estates and M3M India secure prime commercial land in Noida

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

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Noida International Airport is set to launch in four months, but connectivity challenges persist.

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

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Noida Authority targets unauthorised construction in New Noida amid 20,911-hectare industrial city project

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

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Noida Authority reclaims 150 acres of Hindon Floodplain land worth INR 480 crore

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

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Noida farmers meet CM Yogi Adityanath to discuss compensation and developed land plots

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

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Noida Authority refers defaulting industrial plots to state government for resolution

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

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Noida Authority directs Suraksha Realty to take over maintenance of Jaypee Kosmos

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

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Greater Noida Authority launches e-auction for residential plots ranging from INR 27 lakh to INR 2 crore

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

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Noida Authority plans peripheral roads to curb encroachment around 20 villages

The Noida Authority plans to construct peripheral roads around 20 villages along the Noida Expressway to protect residential areas from encroachment and define boundaries using satellite imagery. Following the UP government's 2024 recommendations, physical surveys revealed significant village expansion since 2011. The initiative addresses farmers' demands for better compensation and residential land development, while regularizing leaseback limits to 1,000 square metres. Villages in emerging areas will benefit most. The project reflects Noida's commitment to balancing urban growth with farmers' interests, promoting sustainable development and safeguarding community rights amidst rapid urbanisation. Surveys and implementation are being expedited.Read more

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Noida Authority drafts policy to legitimize multiple GPA property transfers

The Noida Authority is formulating a policy that would allow registries for residential plots and flats transferred through multiple general powers of attorney (GPAs). The policy aims to legitimise property ownership, recover lost revenue, and resolve long-standing legal issues. The policy could address the uncertainties around property ownership that have affected thousands of residents, particularly in sectors like Jalvayu Vihar. With an updated fee structure for subsequent GPA transfers, the initiative seeks to create a transparent system while boosting government revenue through stamp duty and transfer fees.Read more

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Gautam Budh Nagar authorities to unify industrial plot allotment policies

The three development agencies in Gautam Budh Nagar-Noida, Greater Noida, and Yamuna Expressway are scheduled to unify their industrial plot allocation procedures after more than 14 years of delays. The authorities have been directed by Chief Secretary Manoj Singh to standardize their policies and submit them for final approval. Plots up to 8,000 square meters will be put up for sale, while bigger plots will be distributed using objective criteria and interviews, according to the updated policy. Although the policy seeks to streamline procedures and encourage openness, questions have been expressed on how it might affect MSMEs and small businesses.Read more

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GNIDA and NGT join forces to combat unauthorized developments in Greater Noida

The Greater Noida Industrial Development Authority (GNIDA) has filed an FIR against 18 individuals for constructing unauthorised housing projects on government land in Tusyana village, causing financial losses to the government and misleading buyers with false claims of freehold property. Despite multiple warnings, the offenders continued these activities, prompting GNIDA to initiate strict action. GNIDA officials aim to declare these individuals as "land mafia" and launch a crackdown against such illegal developments. The National Green Tribunal (NGT) has also imposed restrictions on unauthorised constructions in the region, highlighting violations of environmental laws.Read more

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Noida International Film City to become a global filmmaking hub with world-class infrastructure

Bayview Projects, supported by filmmaker Boney Kapoor and Bhutani Infra, has submitted the master plan for the first phase of Noida International Film City. The project, located in Sector 21 along the Yamuna Expressway, is being developed in a public-private partnership on a 1,000-acre site, with 230 acres earmarked for the initial phase. Kapoor emphasised its potential to transform India's filmmaking industry by providing state-of-the-art facilities, including virtual studios, underwater filming capabilities, and a dedicated film university. Targeted for completion within three years of approval, the film city aims to attract global talent and position Noida as a leading international filmmaking destination.Read more

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Noida: Over 4,000 homebuyers in limbo as Uttar Pradesh Pollution Control Board halts 4 residential projects

The Uttar Pradesh Pollution Control Board (UPPCB) has halted construction on four Noida residential projects-Ascon Pride Villa, Purushottam Estate, Dwarika City, and Sahara Enclave�due to missing environmental clearances, affecting over 4,000 homebuyers. Triggered by an NGT complaint, inspections revealed unauthorized construction across 18 villages in Noida and 55 in Greater Noida. Builders also lacked layout approvals, jeopardizing buyers' investments. The UPPCB has issued closure orders and plans further inspections, including checks for illegal borewells. The situation underscores the urgent need for stricter regulatory enforcement and sustainable development practices in rapidly urbanizing regions.Read more

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Noida Metro’s Aqua Line sees 155% ridership growth in five years

Vidhi Sangoi

The Noida Metro’s Aqua Line, operational since January 2019, has become a cornerstone of urban transit for Noida and Greater Noida. Spanning 29.7 km with 21 stations, it connects key residential, commercial, and industrial areas, easing congestion and promoting sustainable growth. Managed by the Noida Metro Rail Corporation (NMRC), the system integrates seamlessly with the Delhi Metro network, linking major corridors through efficient interchange points. Ridership and revenue have grown steadily, prompting plans to extend the network with new corridors and stations. With modern amenities, digital ticketing, and energy-efficient operations, the Aqua Line exemplifies the potential of eco-friendly, accessible public transportation in India’s fast-growing urban centers.Read more

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Noida Authority intensifies action against defaulting builders to recover dues

Noida Authority has taken strict action against Skytech Construction Pvt Ltd for defaulting on payments related to its Skytech Matrott group housing project in Sector 76. Despite several notices, the builder failed to clear over INR 30 crore in outstanding dues. The Authority sealed 27 unsold flats at the project under the direction of its CEO, Lokesh M. The developer failed to utilise the state government's rehabilitation policy for stalled projects, resulting in non-compliance. Similar actions were also taken against Docile Buildtech Pvt Ltd and other developers for outstanding dues in recent months.Read more

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YEIDA accelerates industrial plot registrations as Noida International Airport boosts interest

The Yamuna Expressway Industrial Development Authority (YEIDA) has made significant progress in executing registries for industrial plots, with 1,400 out of 3,040 plots registered so far. This rise in registry completions has been largely driven by the increased interest in the region following the announcement of the Noida International Airport. The registry process, which had been slow until 2022, is now gaining speed, and the completion of these formalities is expected to fuel the operationalisation of several key industrial parks like the Apparel Park, Toy Park, and Medical Devices Park, potentially transforming the region's industrial landscape in the next few years.Read more

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Noida: Sportswood residents file petition over stalled flat registrations

PNT Reporter

In Sector 79, Noida, 44 residents of Gaursons Sportswood have filed a writ petition under Article 226 in the Allahabad High Court, seeking the registration of flats handed over five years ago. The delay stems from unresolved issues within the Sports City initiative, launched in 2010, requiring 70% of the land for sports infrastructure. A 2019 CAG audit revealed irregularities, leading the Noida Authority to freeze approvals for occupancy certificates and registries in 2021. Despite Gaursons receiving a temporary completion certificate and a no dues certificate, the freeze persists, leaving buyers unable to sell or transfer properties. Petitioners argue this infringes on their fundamental rights and cite UP-RERA guidelines supporting their claims. The next hearing is set for January 10, 2025. This case could impact thousands of other homebuyers facing similar registration hurdles in Noida's Sports City projects.Read more

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