Noida authority to issue occupancy papers for ready flats in Amrapali projects
5 years, 5 months ago

Noida authority to issue occupancy papers for ready flats in Amrapali projects

Hindustan Times  

The Supreme Court Tuesday directed the Noida authority to issue occupancy certificates to all of Amrapali’s ready housing projects. Amrapali Group has developed several residential units — Sapphire in Sector 45, Silicon City and Princely Estate in Sector 76, Zodiac and Platinum in Sector 119— in Noida. But after the Supreme Court order, we hope that the Noida authority will soon start execution of lease deeds,” Pallavi Singh, a resident of Amrapali Sapphire, said. The Supreme Court in its detailed order said, “.we also direct Noida and Greater Noida Authorities to execute the tripartite agreement within one month concerning the projects where homebuyers are residing and issue completion certificate notwithstanding that the dues are to be recovered under this order by the sale of the other attached properties.” The order further stated, “We direct the Noida and Greater Noida Authorities to take appropriate action to do the needful in the matter.

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History of this topic

Noida authority seals 27 flats of Skytech Matrott over financial dues
3 weeks, 6 days ago

Noida authority seals 27 flats of Skytech Matrott over financial dues

Hindustan Times  

Noida: The Noida authority on Thursday sealed 27 apartments in Skytech Matrott housing society since the promoter has failed to clear dues amounting to ₹24 crore despite repeated notices. The Noida authority on Thursday sealed 27 apartments in Skytech Matrott housing society since the promoter has failed to clear dues amounting to ₹ 24 crore despite repeated notices. “We have …

Noida: Realtors asked to execute registry to homebuyers by Dec 31
1 month, 1 week ago

Noida: Realtors asked to execute registry to homebuyers by Dec 31

Hindustan Times  

The Greater Noida authority has asked realtors to ensure that all pending flat registries in their respective projects are executed in favour of homebuyers by December 31. else be ready to face the consequences. The authority will take action and will withdraw the relief on interest granted to housing projects following the recommendations of the Amitabh Kant Committee,” said Saumya …

NCR real estate news: Developers demand more time, waivers to complete stuck housing projects
4 months, 2 weeks ago

NCR real estate news: Developers demand more time, waivers to complete stuck housing projects

Hindustan Times  

Real estate developers in Noida and Greater Noida, in a letter to the state and central government as well the Noida and Greater Noida authorities, have demanded additional time, more waivers, relief from banks and other benefits to deliver stuck housing projects in the National Capital Region. The authority in its report to the state government on Saturday said they …

Good news for homebuyers! Noida authority approves maps of Unitech’s stuck housing projects
6 months, 1 week ago

Good news for homebuyers! Noida authority approves maps of Unitech’s stuck housing projects

Hindustan Times  

The Noida authority has approved the layout maps of housing projects being developed by Unitech Group, which is yet to deliver apartments to thousands of homebuyers who have been waiting for over a decade to get their homes. With the layout approval, Unitech can now resume work on incomplete projects and deliver homes to buyers, said Noida authority officials on …

Noida authority to act against 12 realtors for not paying dues
7 months, 3 weeks ago

Noida authority to act against 12 realtors for not paying dues

Hindustan Times  

The Noida authority on Thursday said it has decided to take stringent action against realtors who are yet to clear their land dues, despite the government announcing a policy last December that gave builders a chance to avail of rebates on interest rates and clear dues. There are 57 defaulter projects in Noida, and of these, developers of around 30 …

Noida secured investment of ₹1 lakh crore after allotting 149 plots in 2023-24
7 months, 3 weeks ago

Noida secured investment of ₹1 lakh crore after allotting 149 plots in 2023-24

Hindustan Times  

The Noida authority allotted land to at least 149 projects, including IT, corporate houses. In last one year, 448 investors have signed memorandums of understanding with the state government, which refers these proposals to the respective industrial bodies. The Noida authority compiled a report about the investment proposals that have materialised on the ground, following an instruction from the state …

UP govt asks Noida, Greater Noida to cancel allotments of realtors who still have land dues
8 months, 1 week ago

UP govt asks Noida, Greater Noida to cancel allotments of realtors who still have land dues

Hindustan Times  

Uttar Pradesh’s additional chief secretary Manoj Kumar Singh has directed the Noida, Greater Noida and the Yamuna Expressway authorities to start cancelling allotments made to realtors. NThe policy was meant to help a large section of homebuyers in Noida, Greater Noida and Yamuna expressway areas, where an estimated 240,000 to 350,000 housing units are currently lying stalled owing to several …

After Supreme Court order, Noida likely to approve Unitech’s building maps
8 months, 1 week ago

After Supreme Court order, Noida likely to approve Unitech’s building maps

Hindustan Times  

Six days after the Supreme Court ordered the Noida and Greater Noida authorities to grant approval to the revised building plans of Unitech’s residential projects by May 31, the Noida authority on Thursday said it is studying the order in detail to prepare a road map to deal with Unitech’s realty projects, which are stuck for more than a decade, …

Noida authority in high court to delay registry at Lotus 300 till dues are paid
8 months, 2 weeks ago

Noida authority in high court to delay registry at Lotus 300 till dues are paid

Hindustan Times  

The Noida authority has filed a review petition before the Allahabad high court challenging its earlier order that directed that registry of apartments in Lotus 300 housing project in Sector 107, Noida, be executed without further delay. The authority has expressed its inability to issue permission for registry as land cost dues amounting to ₹ 166 crore is still pending …

Noida and Greater Noida flat registries: 5 things homebuyers should know
9 months, 2 weeks ago

Noida and Greater Noida flat registries: 5 things homebuyers should know

Hindustan Times  

Noida authority has said that it has given permission for the registry of a total of 13,639 apartments after real estate developers of 35 housing projects gave their consent to clear their financial dues. After deducting the penal interest, these 35 developers have given their consent to pay 25% of total dues to become eligible for the registry of the …

No respite in sight for home buyers as Noida Authority to challenge High Court order
9 months, 4 weeks ago

No respite in sight for home buyers as Noida Authority to challenge High Court order

Hindustan Times  

Two weeks after the Allahabad High Court ordered Noida Authority to execute registries in the name of home buyers in Cloud Nine’s Lotus Espacia housing project in Sector 100, the authority has decided to challenge the court order, thereby causing more delay in the process. The Noida Authority has decided to challenge the High Court order requiring it to execute …

Greater Noida homebuyers protest over seven-year delay in handing over apartments
10 months, 1 week ago

Greater Noida homebuyers protest over seven-year delay in handing over apartments

Hindustan Times  

The homebuyers at the Hemisphere housing project in Greater Noida’s Sector 27 protested on Wednesday against the seven-year delay in handing over their units to them by the developer. Real estate firm Royalgolf Link City Projects Private Limited launched this housing project on 100 acres in 2015-16, promising completion and delivery in three-and-a-half years. The Greater Noida authority in July …

Builders agree to pay dues, Noida authority gives nod to process registries of 13,600 flats
10 months, 2 weeks ago

Builders agree to pay dues, Noida authority gives nod to process registries of 13,600 flats

Hindustan Times  

The Noida authority has decided to give permission for executing registries of at least 13,600 apartments in 35 stalled housing projects after the respective real estate developers gave their written consent to pay land dues. The 35 projects in Noida where registries will take place include Hyde Park in Sector 78, Prateek Fedora in Sector 61, Apex Homes in Sector …

Greater Noida authority issues occupancy papers to 854 apartments
11 months ago

Greater Noida authority issues occupancy papers to 854 apartments

Hindustan Times  

The Greater Noida authority issued occupancy certificates to 854 apartments of RG Luxury Homes in Sector 16A, thereby paving the way for the registry of these flats, which has been delayed since the past several years. The Greater Noida authority allotted 18.5 acres to RG Luxury Homes in 2010 for the proposed development of 13 residential towers having two and …

Greater Noida authority holds meeting with realtors
1 year ago

Greater Noida authority holds meeting with realtors

Hindustan Times  

Uttar Pradesh additional chief secretary Manoj Kumar Singh, who is also chairman for the Greater Noida authority, on Sunday met 52 realtors and directed them to make use of the recently announced policy to address the financial issues being faced by the real estate sector. The Noida authority directed the promoters to make use of the recently announced policy to …

Sports City: Allahabad high court sets aside Noida’s ban on registries, map revisions
1 year, 1 month ago

Sports City: Allahabad high court sets aside Noida’s ban on registries, map revisions

Hindustan Times  

In a major relief to homebuyers, the Allahabad high court on Monday set aside the Noida authority’s 201st board meeting order banning the approval of building map revisions and also registry of the apartments at the Sports City in Sector 150, located along the Noida-Greater Noida Expressway. The move comes after realty firm Ace Infracity Developers Private Limited filed a …

Noida Authority CEO meets builders over ₹26,000 crore pending dues
1 year, 4 months ago

Noida Authority CEO meets builders over ₹26,000 crore pending dues

Hindustan Times  

Noida Authority CEO Lokesh M on Friday held a meeting with two dozen real estate developers to discuss the recovery of ₹26,000 crore in pending dues and difficulties faced by home buyers in 60 group housing projects, officials said. Representative image Expressing angst at the situation, the CEO directed his department that action, including the issuance of recovery certificates, should …

Noida’s new building safety structure audit policy comes into effect
1 year, 9 months ago

Noida’s new building safety structure audit policy comes into effect

Hindustan Times  

The Noida authority has begun implementing ‘building safety guidelines’ for group housing buildings to ensure residents’ safety from April 1. Under the new guidelines, if a developer applies for an occupancy certificate before allowing apartment owners to move in, they must obtain a safety certificate from experts appointed by the Noida authority. On November 30, 2022, the authority’s 207th board …

Top court dismisses plea on interest cap for Noida homebuyers
1 year, 10 months ago

Top court dismisses plea on interest cap for Noida homebuyers

Hindustan Times  

The Supreme Court on Tuesday declined to recall its November 2022 order whereby it had lifted a cap on interest payable by builders to Noida and Greater Noida authority at 8% per annum on outstanding payments, and permitted the Uttar Pradesh government to decide appropriately. The Supreme Court on Tuesday declined to recall its November 2022 order whereby it had …

Homebuyers hail SC order making completion certificates mandatory for builders
1 year, 11 months ago

Homebuyers hail SC order making completion certificates mandatory for builders

Hindustan Times  

Flat owners in Noida and Greater Noida on Friday welcomed a Supreme Court order, which held that a builder of a housing complex is legally bound to obtain completion certificate even if the homebuyer was given possession without that mandatory legal document, and said there are about 100 cases wherein possession was offered by the developer without obtaining completion certificate, …

‘9,705 flats without occupancy certificates’- Fresh trouble for Supertech as Interim resolution report out
2 years ago

‘9,705 flats without occupancy certificates’- Fresh trouble for Supertech as Interim resolution report out

India TV News  

Supertech row: The Interim Resolution Professional Hitesh Goel has submitted the status report about trouble-hit Supertech to the National Company Law Appellate Tribunal. The report stated that debt-laden company offered 9,705 flats across 18 residential projects to their owners without obtaining occupancy certificates from the respective development authorities. In the report, Goel said the "management has clarified that towers, where …

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately
2 years, 1 month ago

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately

Hindustan Times  

The Supreme Court on Thursday agreed to list the Amrapali housing case in January, after the National Buildings Construction Corporation informed it that the construction of 46,000 Amrapali housing units faced a serious cash crunch. The NBCC told the court that the units required immediate cash flow by way of sale of unused Floor Area Ratio in select Amrapali projects …

Noida, Greater Noida builders seek one-time settlement scheme for land dues | KNOW DETAILS
2 years, 1 month ago

Noida, Greater Noida builders seek one-time settlement scheme for land dues | KNOW DETAILS

India TV News  

Noida news : Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch. "In a meeting with the CEO of Noida and Greater Noida Authorities Ritu Maheshwari yesterday, real estate developers from NAREDCO and CREDAI urged the …

Flat registrations in Noida, Greater Noida: Supreme Court reverses 8% interest cap for land cost dues
2 years, 2 months ago

Flat registrations in Noida, Greater Noida: Supreme Court reverses 8% interest cap for land cost dues

Hindustan Times  

The Supreme Court on Monday recalled its June 2020 order capping interest payable by builders to Noida and Greater Noida authority at 8% and clarified that this benefit would apply only to Amrapali projects, being constructed by state-owned NBCC since July 2019. The direction by the court came on an application moved by the Noida and Greater Noida authorities, claiming …

’Responsibility for violations will be fixed’: Noida Authority CEO
2 years, 4 months ago

’Responsibility for violations will be fixed’: Noida Authority CEO

Live Mint  

Noida Authority CEO Ritu Maheshwari has asked everyone to abide by norms fixed by the government and courts. The Supertech incident has led the Noida Authority to revise norms and make them more stringent in disbursal of floor area ratio to developers, a move to prevent such episodes in the future. On lessons for builders from the episode, the Noida …

NOIDA Authority's Demolition Drive Along Yamuna Floodplains Temporarily Halted By Allahabad High Court
2 years, 6 months ago

NOIDA Authority's Demolition Drive Along Yamuna Floodplains Temporarily Halted By Allahabad High Court

Live Law  

The Allahabad High Court on Tuesday ordered a conditional stay on the demolition drive being carried out by the Noida Authority along the Yamuna floodplains.The bench of Justice Manoj Kumar Gupta and Justice Sameer Jain issued this order on a plea challenging a public notice issued by the NOIDA Authority on June 8 declaring that no construction is permissible in …

Noida Authority to Unitech: Pay ₹2,734 crore dues in 15 days or lose land
5 years, 4 months ago

Noida Authority to Unitech: Pay ₹2,734 crore dues in 15 days or lose land

Live Mint  

Noida: The Noida Authority has asked realtor Unitech to clear its ₹2,743.29 crore dues within 15 days against the land allocated to it for group housing projects or face cancellation of the allotments, officials said on Wednesday. The realtor was allocated land for developing group housing societies in Noida's Sector 113 and Sector 117 with dues of ₹1,203.45 crore and …

Good news for Amrapali homebuyers: SC orders Noida, Greater Noida authorities to begin flat registration immediately or face jail
5 years, 5 months ago

Good news for Amrapali homebuyers: SC orders Noida, Greater Noida authorities to begin flat registration immediately or face jail

India TV News  

Good news for Amrapali homebuyers! Supreme Court has directed Noida and Greater Noida authorities to begin flat registration of Amrapali homebuyers immediately. Both the authorities informed the apex court that a special cell had been constituted for the Amrapali case, and certain officers were appointed for the same. Promoters and top officials of realty firm Amrapali Group diverted homebuyers' money …

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers
5 years, 5 months ago

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers

Firstpost  

A bench of Justices Arun Mishra and UU Lalit also cancelled leases of Amrapali’s properties granted by Noida and Greater Noida authorities and given them to NBCC. A bench of Justices Arun Mishra and UU Lalit also cancelled the leases of Amrapali’s properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money …

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]
5 years, 5 months ago

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]

Live Law  

In a major relief to thousands of homebuyers, the Supreme Court on Tuesday cancelled the registration of Amrapali group under Real Estate Act 2016, and directed the National Building Construction Corporation take over its pending construction projects in Greater Noida and Noida.The bench of Justices Arun Mishra and U U Lalit found that Amrapali group had siphoned. In a major …

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects
5 years, 5 months ago

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects

India Today  

In a big relief to thousands of homebuyers left in the lurch by their builders, the Supreme Court has cancelled the registration of real estate major Amrapali group under the Real Estate Regulatory Authority and lease of its properties granted by Noida and Greater Noida authorities. The Supreme Court also appointed the National Buildings Construction Corporation to complete all the …

Amrapali buyers worry Greater Noida authority won’t finish 35,000 flats
5 years, 8 months ago

Amrapali buyers worry Greater Noida authority won’t finish 35,000 flats

Hindustan Times  

A day after the Supreme Court said that it would hand over Amrapali Group’s stuck housing projects to the Greater Noida and the Noida authorities, the homebuyers on Thursday expressed concerns that the debt-ridden Greater Noida authority would be able to finish around 35,000 flats. “The cash-rich Noida authority can easily arrange funds to finish flats in Amrapali’s projects. Therefore, …

Don't have resources, expertise to construct stalled Amrapali projects: Noida, Gr Noida tell SC
5 years, 8 months ago

Don't have resources, expertise to construct stalled Amrapali projects: Noida, Gr Noida tell SC

India Today  

Noida and Greater Noida authorities on Friday told the Supreme Court that they don't have the requisite resources and expertise to construct the stalled projects of the embattled Amrapali Group and favoured handing over the properties to a reputed builder under the supervision of a high powered committee. The top court on May 8 had said that it may give …

Will throw Amrapali Group out and give ownership rights of properties to Noida and Greater Noida: SC
5 years, 8 months ago

Will throw Amrapali Group out and give ownership rights of properties to Noida and Greater Noida: SC

India TV News  

The Supreme Court on Wednesday said that it may give ownership rights of all the 15 prime residential properties of embattled Amrapali Group to Noida and Greater Noida Authorities as it has failed to fulfil its obligations towards 42,000 hassled home buyers. The top court said that Amrapali Group by its own admission took Rs 11,652 crore from home buyers …

FIR against former Greater Noida CEO, others over land acquisition
5 years, 10 months ago

FIR against former Greater Noida CEO, others over land acquisition

Hindustan Times  

An anti-corruption court in Meerut has directed Noida Police to lodge an FIR against Rama Raman, former chief executive officer of Greater Noida Authority, and four other erstwhile officials and a private builder, for allegedly illegally acquiring land in Bisrakh village. FIR against former Greater Noida CEO, others over land acquisition Special judge Manjeet Singh Sheoran directed the Kasna Police …

Noida: Buyers protest non-delivery of Amrapali flats
6 years, 1 month ago

Noida: Buyers protest non-delivery of Amrapali flats

India Today  

Hundreds of buyers of Amrapali housing on Sunday took to the streets in Noida to protest against the non-delivery of flats by the builder. India Today TV accessed the copy of the letter in which Amrapali home buyers urged the finance minister to direct RBI to issue specific guidelines for the real estate and construction sector so that the RBI …

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