Noida Approves New Policy to Reinvigorate Real Estate Market with EWS Flat Redevelopment
Noida Authority has approved a new redevelopment policy to replace old EWS flats and boost the real estate market. This policy will allow developers to construct new, larger flats and sell additional units, revitalizing prime land in the city center.
NoidaReal EstateRedevelopmentEws FlatsFarReal EstateJun 22, 2025
Under this policy, the old flats allotted to the economically weaker section (EWS) of occupancy will be dismantled, and new flats will be constructed in their place. In addition to that, the developer will be able to earn revenue by selling new housing units as well as building larger flats for the original allottees.
“We have identified 4-5 buildings, which are in a dilapidated state. When these buildings were constructed, FAR of 1.5 was allowed, and now FAR of 3.5 is permissible. We will invite RFP (request for proposal) for every structure separately,” said a Noida Authority official.
According to the policy, the chosen developer will be permitted to sell an extra area, provided it also builds larger apartments for the original allottees and manages their accommodation until the old building is demolished and they move into the new flats.
While the policy is a much-needed step towards opening a prime land bank in the city center, every project will come up with its own challenges. The project has to be commercially viable because buyer’s preferences have changed in recent times, Nikhil Hawelia, MD, Hawelia Group and Secretary of Industry Body CREDAI (western UP) stated.
“The Noida Authority’s decision can fulfill the dream of owning a home in the city’s thriving sectors like 27, 93, and 93A,” said Yash Miglani, MD, Migsun Group. “Allotment of higher FAR and engaging co-developers in stable projects will address the long-pending demand of stuck homebuyers and unlock immense potential for modern, vertical living spaces.”
The Noida Authority has taken a significant step by approving the involvement of co-developers in five stalled projects, which will positively impact over 5,000 customers who are waiting to receive possession of their new homes.
The Confederation of Real Estate Developers Association of India (CREDAI) notes that there are a total of 190,000 units stuck in Noida, Greater Noida, and Ghaziabad, worth Rs. 1 lakh crore. In Greater Noida alone, at least 36 realty projects are under Insolvency proceedings to various creditors.
It is estimated that Rs. 40,000 crores are owed to Noida, Greater Noida (GPA), and Yamuna Expressway authorities on plots that have been provisionally allotted, on which the real estate projects are at different stages of execution, principal, interest, and penal charges.
“The (Noida Authority’s) step marks a progressive move toward urban revitalization as it unlocks significant real estate potential, especially in the heart of the city. The redevelopment of old, dilapidated buildings with higher FAR while improving the existing structure and providing better facilities will also generate more homeownership,” said Salil Kumar, director, marketing and business management, CRC Group.
Frequently Asked Questions
What is the new redevelopment policy in Noida?
The new redevelopment policy in Noida allows for the replacement of old EWS flats with new, larger flats. Developers can also sell additional units, providing a boost to the real estate market.
How will this policy benefit the economically weaker section (EWS)?
The policy will benefit the EWS by providing them with larger, modern flats. Developers will also manage their accommodation until they move into the new flats.
What is the role of the developer in this policy?
Developers will construct new flats, sell additional units, and manage the accommodation of original allottees until the old buildings are demolished and new flats are ready.
How many buildings have been identified for redevelopment?
Noida Authority has identified 4-5 buildings in a dilapidated state for redevelopment under this policy.
What is the estimated economic impact of this policy?
The policy is expected to unlock significant real estate potential, particularly in the city center, and generate more homeownership. It also addresses the long-pending demand of stuck homebuyers and revitalizes urban areas.
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