Real Estate
Noida Authority to Take Strict Action Against Defaulting Builders
The Noida Authority is set to attach and auction the assets of developers who have failed to comply with the UP government’s policy on stalled housing projects. This move aims to ensure homebuyers can complete their property registration.
real estate news
Noida Authority Takes Strict Action Against Vacant Plots and Defaulting Developers
The Noida Authority has approved a major move to cancel the allotment of residential plots that have remained vacant for over 12 years. The board also reviewed the state rehabilitation policy and decided to end interest waivers for developers who have failed to meet obligations under the ‘stalled legacy housing projects’ policy.
Real Estate
Noida Authority to Review Builder Compliance and Real Estate Projects in October Meeting
The Noida Authority will convene on October 3 to review more than 20 proposals, including a unified policy for allotments, payment schedules, and builder compliance. The board will also assess real estate project delivery status and discuss other key issues.
Real Estate
CAG Exposes Irregularities in Greater Noida Land Allotments: ₹3,600-Cr Loss
The Comptroller and Auditor General (CAG) has identified significant irregularities in the Greater Noida Authority’s land allotment processes, resulting in an estimated loss of over ₹3,600 crore.
real estate news
Noida Board Approves Major Redevelopment, Hotel, and Housing Projects
The Noida Board has approved several significant redevelopment, hotel, and housing projects, marking a major step forward in the region's urban renewal and infrastructure development.
Real Estate
Noida Authority’s Co-Developer Policy: A Lifeline for Stalled Real Estate Projects
The Noida Authority's new co-developer policy aims to revive stalled housing projects, offering relief to thousands of distressed homebuyers and providing a faster alternative to lengthy legal battles.
Real Estate Mumbai
Noida's Urban Transformation: Redevelopment Drive Inspired by Mumbai Model
Noida Authority has approved a new redevelopment policy, inspired by the Mumbai model, to transform central urban spaces and address longstanding housing gridlocks. This strategic move aims to unlock underutilised land and improve housing quality in prime urban zones.
Real Estate Mumbai
Noida Unveils New Redevelopment Policy Inspired by Mumbai Model
Noida Authority has approved a new redevelopment policy, inspired by Mumbai, to revitalize prime areas by demolishing old EWS flats and constructing new ones. This move, along with allowing co-developers in stalled projects, aims to boost the real estate sector and benefit homebuyers.
Real Estate
Noida Takes Strong Action Against Illegal Construction: FIRs Filed Against 125 Builders
The Noida Authority has intensified its crackdown on illegal buildings, filing FIRs against 125 builders and marking structures for demolition. Questions arise about possible collusion between officials and real estate operators.
Real Estate
Noida Authority Intensifies Crackdown on Illegal Constructions in Five Villages
The Noida Authority has intensified its efforts to crack down on illegal constructions in five villages—Basai, Bhangel, Salarpur, Barolla, and Gadhi Chaukhandi. Approximately 20 buildings have been marked as illegal, and official notices have been issued to residents and potential buyers.
Real Estate
Noida Authority Recovers ₹533.91 Crore to Revitalize Stalled Real Estate Projects
The Noida Authority has successfully recovered ₹533.91 crore to unlock stalled real estate projects. Additional interest waivers are being offered to developers who make timely payments, aiming to expedite title transfers and address long-pending ownership issues.
Real Estate
M3M India Secures 24,000-Square-Metre Plot in Noida for Rs 400 Crore
M3M India, a leading real estate developer, has acquired a 24,000-square-metre plot in Noida for Rs 400 crore, further solidifying its presence in the region. Pankaj Bansal of M3M India stated, 'Noida is rapidly establishing itself as a prominent destinat
real estate news
M3M India Acquires Prime Noida Plot for Rs 400 Crore
M3M India has made a significant move in the real estate sector by acquiring a 24,000-square-metre plot in Noida for Rs 400 crore. This acquisition marks the company's third project in the city, aiming to expand its footprint to 7.5 million square feet.
Real Estate
M3M India Expands in Noida with Rs 400 Crore Land Acquisition
M3M India, a leading real estate firm, has acquired a significant 24,000-square-metre plot in Noida for Rs 400 crore. This strategic move marks their third project in the rapidly developing region, solidifying their commitment to the Noida real estate mar
real estate news
Noida Authority Files EOW Complaint Against Logix Developers for Real Estate Violations
The Noida Authority has taken a tough stance on real estate irregularities by lodging an EOW (Economic Offences Wing) complaint against Logix Developers. This move signals the authority's commitment to maintaining transparency and accountability in the co
real estate news
Noida Authority Aims to Recover INR 1,578 Crore in Unpaid Rents, Sends Final Notices to Defaulters
The Noida Authority is intensifying its efforts to recover a staggering INR 1,578 crore in outstanding rents, issuing final notices to defaulters. This move comes amid broader challenges in the real estate sector, where similar scrutiny is being observed
Real Estate
Noida Authority Targets RS 1,578 Crore in Outstanding Rents, Issues Final Notices to Defaulters
The authority's approach reflects a broader trend in India's real estate sector toward stricter regulatory enforcement and transparency. The Noida Authority has issued final notices to defaulters to recover about Rs 1,578 crore in outstanding rents.
Real Estate
Noida Authority Mandates Flat Registration After 10% Payment from Homebuyers
To protect homebuyers, the Noida Authority has introduced a new rule requiring real estate developers to register a flat after receiving 10% of the total payment. This mandates a tripartite agreement between the buyer, builder, and the Noida Authority.
real estate news
Noida Authority to Auction 550K sqm Land to Raise ₹3,750 Crore in FY 2024-25
Noida Authority plans to generate ₹3,750 crore by selling 5.5 lakh square meters of land in FY 2024-25 through e-auctions, focusing on industrial, commercial, residential, and institutional plots.
Real Estate
Noida Authority Announces Additional Waivers for Real Estate Developers
Noida Authority takes steps to offer interest waivers to realtors affected by NGT orders, providing additional relief to builders affected by the pandemic