Advertisement
05 Jun 2023
The Uttar Pradesh Pollution Control Board (UPPCB) cracks down on illegal groundwater extraction in Noida and imposes a hefty fine on 38 builders found guilty of using borewells for illegal extraction. The builders are given a 15-day deadline to deposit the fine. The action follows a thorough evaluation by a joint committee formed by the National Green Tribunal, revealing widespread violations. The UPPCB aims to deter such violations and promote responsible water usage to protect the region's water resources and ecosystem.Read more
01 Jun 2023
Despite police notices and fines, Ecovillage residents persist in a peaceful protest against Supertech builder, claiming inadequate basic amenities. Over the past month, protestors have faced legal repercussions, but remain unwavering. Accusations suggest police bias towards the builder, yet no actions have been taken against Supertech despite numerous complaints. Protestors are demanding improved infrastructure, and better water and sewage management. As authorities strive to maintain peace, it remains to be seen how this situation will unfold and if the residents' demands will be addressed.Read more
30 May 2023
The Noida Authority has identified 1,097 registries in 21 residential projects awaiting execution, stalled due to builders' inaction. The properties, scattered across nine sectors in Noida, are approved for registry, yet developers lag in delivering to homebuyers. The Authority warned of potential penalties if developers continue to delay. It encouraged buyers to directly contact builders, ensuring the execution of their home registries. Developers who fail to comply risk punitive action in line with land allotment rules and the Real Estate Regulatory Authority (RERA).Read more
29 May 2023
Over 50 homebuyers have braved scorching temperatures to stage their 25th week of protests in Greater Noida West, demanding resolution for long-pending home registries. NEFOWA's president, Abhishek Kumar, expresses disappointment at the government's inaction despite repeated assurances. The protests continue to gain momentum as more residents join from various societies, and with over 60,000 homebuyers still awaiting their registries, the situation is growing more urgent. The homebuyers remain resolute, vowing to persist until their demands are met.Read more
25 May 2023
In a recently held review meeting, Ritu Maheshwari, the chief executive officer of Greater Noida Industrial Development Authority (GNIDA), issued a directive to initiate a survey through the consultant firm, Currie & Brown. The survey aims to assess the status of various group housing plots that have been lying idle. Maheshwari's decision highlights the authority's proactive approach in addressing the issue of unutilized plots. By commissioning the survey, GNIDA intends to gather crucial data regarding the status and potential utilization of these plots.Read more
18 May 2023
The Noida Authority is set to scrutinize financial models from Gujarat, Haryana, Delhi, and Rajasthan, aiming to inform its land acquisition strategy for the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). This study, led by the planning department's general manager, will culminate in a report for state government approval. The initiative is part of the Authority's commitment to explore innovative land acquisition strategies, supporting its vision of phased industrial development in the region and creating over 50,000 job opportunities.Read more
18 May 2023
The Noida Authority has allocated Rs 500 crore for acquiring new land, even as over 550 hectares are yet to be reclaimed from encroachers. The Authority is surveying unused "dumped" land parcels across sectors for their potential use, while also pursuing legal avenues to recover disputed land. Efforts are underway to reclaim land from non-functional industrial and IT units. The Authority has also regularized land for eligible farmers to prevent future encroachments. Despite the challenges, the Authority has managed to secure Rs 40,000 crore in investments so far.Read more
17 May 2023
Noida and Greater Noida authorities are contemplating a co-developer policy to resolve the longstanding issue of incomplete housing projects. The proposed policy would allow new firms to invest in and complete these projects, provided they clear nearly INR 40,000 crore in land dues. This move could bring relief to many homebuyers who have been waiting for a decade for their homes. The policy, initially suggested by the Confederation of Real Estate Developers Association of India, also includes potential incentives for developers prioritizing clearing the dues.Read more
16 May 2023
The Noida Authority has given Supertech's chairman, R.K. Arora, ten days to pay the INR 26 crore ($3.5 million) worth of recovery certificates (RCs) issued by UP-RERA that the company has not yet fulfilled. Last week, the Supertech chairman committed to paying INR 2 crore ($270,000) and making settlements of INR 5 crore ($670,000), pledging that the company will soon pay the remaining dues. This move is part of the district administration's drive to collect Rs 503 crore against 1705 RCs issued by UP-RERA to 101 developers.Read more
12 May 2023
Residents of Migsun Green Mansion in Greater Noida have filed a complaint with local authorities over an unauthorized temple being built in the complex's common area. The temple is being constructed on a park that serves as the only play area for children, leading to concerns about encroachment and reduced space. Tensions continue to rise between the residents and the builder, with each party disputing responsibility for the construction. The outcome of this conflict remains uncertain, as authorities have yet to intervene to resolve the issue and ensure the common area remains a safe and enjoyable space for all residents.Read more
Advertisement
11 May 2023
The UP government plans to begin the land acquisition process for the second phase of the Noida International Airport in July. Two townships will be established in Falaida Cut and Modal Pur to resettle the impacted villagers. The government requires 230 hectares of land to build the townships, and officials have issued notifications for people to file objections. After addressing objections, compensation will be handed out, and land will be acquired. The resettlement process is estimated to take two years, and families will be given jobs or a one-time payment of Rs 5 lakh. Connectivity will be improved by linking the townships to nearby roads.Read more
11 May 2023
Supertech Ecovillage 1 residents in Greater Noida West have initiated an indefinite sit-in protest, demanding improved infrastructure and amenities. Key concerns include comparable electricity rates to Noida Power Company Limited (NPCL), rationalized covered parking charges, and completion of car parking facilities. While the builder claims negotiations are ongoing, the two new concerns require further investigation into financial implications. As a concession, the builder has offered to reduce charges for power increase and covered parking, but it remains to be seen if these offers will appease the protestors.Read more
01 May 2023
Last week, the Noida Authority raised the prices of plots meant for residential, group housing, and institutional purposes by a range of 6% to 10%. The rates for flats constructed by the Authority or commercial properties rented by it however remained unchanged. The decision to increase the land rates was sanctioned during the Authority's board meeting, headed by Manoj Singh, the Chairperson of the Authority and the Commissioner of Infrastructure and Industrial Development.Read more
24 Apr 2023
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued a notice to M3M India for allegedly promoting and marketing units in a Noida project without registering it with the authority, violating the RERA Act. The authorities have warned the promoter of facing imprisonment if advertisements for unregistered project is not discontinued immediately. M3M India has responded by stating that the campaign is an extension of their corporate campaign to bring awareness about their presence in the city and that they are committed to operating on the principles of corporate governance and ethics.Read more
24 Apr 2023
The Gautam Buddh Nagar district administration has sealed the Noida office of real estate giant Supertech Group due to unpaid dues linked to the Supertech Township entity. The company claims the action is illegal, as the sealed office belongs to Supertech Limited. Supertech Group contends that, under the Corporate Insolvency Process initiated by the National Company Law Tribunal (NCLT), a moratorium clause prevents coercive recovery of dues. The company's Interim Resolution Personnel has requested the office's de-sealing and is considering taking the matter to the NCLT or Supreme Court.Read more
12 Apr 2023
The Noida Authority has hired an agency to keep a check on the Sports City project, which is located in various sectors, and to ensure that the facilities are in place. The agency will assist in identifying gaps and remedies for completing the sports facilities. As per the original plan, 70% of the land was to be used for sports facilities, and the remaining area was to be used for residential and commercial purposes. However, the developers sold residential properties without completing the sports facilities.Read more
12 Apr 2023
UP RERA has hired a consultant to resolve the deadlock between real estate firms and Noida and Greater Noida development authorities over nearly Rs 39,000 crore in legacy land dues. The impasse has halted registries in residential societies throughout Noida, leaving residents with incomplete amenities. The consultant is expected to submit a report within a month, proposing a potential roadmap to address the issue. Meanwhile, a meeting between UP RERA, the development authorities, and developers is scheduled to discuss the matter further, with the aim of benefiting residents, developers, and local authorities.Read more
10 Apr 2023
The Noida Authority has recently published data on its website that reveals the extent of the city’s problem with the flat registry stalemate. This problem arises because homebuyers are unable to obtain deeds for their properties due to a disagreement between builders and the government regarding outstanding dues. The data shows that out of the 1.3 lakh flats that were approved in 115 projects in the city until 2016-17, only 56,790 (around 40%) have been registered. Moreover, of these 115 projects, 77% have defaulters who owe money to the government.Read more
06 Apr 2023
The Greater Noida Authority is cracking down on real estate developers who have defaulted on their land cost payments, with a plan to issue recovery certificates, stop-work notices, and cancel plot allotments to recover dues. Officials say the crackdown is likely to begin within a week. A total of 107 realtors owe Rs 5,650 crore in unpaid land costs. So far, 10 developers have applied to clear dues under the GNIDA’s rescheduling policy, and five others have cleared their dues.Read more
04 Apr 2023
The Noida Authority has announced that it will issue recovery certificates to builders who are not participating in its schemes to clear outstanding dues. The Authority has launched several schemes to help builders clear their dues, including a one-time settlement scheme and a scheme that allows them to surrender their land in lieu of the dues. However, some builders have not shown interest in these schemes, prompting the Authority to take more stringent measures.Read more
Advertisement
