In its 218th board meeting held on Saturday, the Noida Authority approved several key proposals aimed at revitalising urban infrastructure and attracting fresh investment. The decisions include redevelopment of ageing multi-storey housing towers, clearance for five- and seven-star hotel projects under a public-private partnership (PPP) model, new industrial schemes, and provisions for co-developers to revive stalled residential developments.

The meeting was chaired via video conferencing by Uttar Pradesh Chief Secretary Manoj Kumar Singh, who also heads the Noida Authority board. It was attended by Noida Authority CEO Lokesh M, Greater Noida CEO Ravi Kumar NG, Gautam Budh Nagar District Magistrate Maneesh Kumar Verma, and senior officials from the Yamuna Expressway and Ghaziabad development authorities.

One of the key approvals was the in-principle nod for redeveloping dilapidated group housing towers constructed by the Noida Authority in Sectors 27, 93, and 93A. Lokesh M stated that the move is aimed at modernising these ageing residential complexes and offering upgraded basic amenities. Cooperative and private developers involved in redevelopment may use a floor area ratio (FAR) of 3.5, up from the current 2.0, if they purchase the additional FAR needed to go vertical and add more housing units.

Officials noted that a detailed roadmap for the redevelopment initiative will soon be released.

The board also gave its approval for involving co-developers in three stalled housing projects — IVRCL in Sector 118, Supertech Capetown in Sector 74, and Supertech Ecocity in Sector 137. In another relief, a waiver of interest on land dues was granted to the Cloud Nine project in Sector 100, which had previously been unable to utilise a similar benefit. As per the board’s condition, any co-developer intending to take over a stalled project must pay 25 per cent of the total dues to begin the takeover process.

In a bid to unlock the potential of unsold plots designated for luxury hotels, the board also approved a conceptual proposal to develop five- and seven-star hotels on a PPP basis. Officials stated that there are at least seven such plots lying unsold in Noida. The PPP model would allow the authority to offer land while private companies make the capital investment.

“The board has approved only the basic concept. A Request for Proposal (RFP) will be drafted to outline the operational details of the PPP model, including investment responsibilities and the division of stakes between the government and private participants,” said CEO Lokesh M.

These developments mark a strategic push to enhance real estate value, improve urban infrastructure, and attract private sector participation in Noida’s growth story.