+
Noida Adopts Mumbai Model to Redevelop Ageing EWS Flats
Real Estate

Noida Adopts Mumbai Model to Redevelop Ageing EWS Flats

In a strategic bid to revitalise central urban areas and address long-pending housing backlogs, the Noida Authority has approved a new redevelopment policy modelled on Mumbai’s successful approach. The policy will involve the demolition of ageing economically weaker section (EWS) flats and the construction of modern, larger homes, while unlocking additional Floor Area Ratio (FAR) for developers to build saleable units.

“We have identified four to five dilapidated buildings. When these were constructed, the FAR was 1.5; it now stands at 3.5,” said an official from the Noida Authority. Requests for proposals (RFPs) will be issued separately for each identified site.

The redevelopment plan will initially target core sectors such as 27, 93, and 93A—areas with established infrastructure and high real estate demand. Developers chosen through public tenders will be required to demolish old buildings, provide upgraded homes to existing allottees at no extra cost, and offer temporary accommodation during construction. They will monetise the surplus FAR by selling additional units to recover investment.

Industry experts view this as a turning point for Noida’s urban renewal. “While the intent is much-needed, commercial viability will depend on evolving buyer preferences,” said Nikhil Hawelia, MD of Hawelia Group and secretary of CREDAI Western UP.

Yash Miglani, MD of Migsun Group, added, “This is a big step toward making homeownership a reality in prime Noida. The increased FAR and co-developer involvement will finally offer solutions for thousands of stranded buyers.”

In a parallel move, the Noida Authority has also cleared the participation of co-developers in five stalled real estate projects, offering potential relief to over 5,000 homebuyers.

According to CREDAI data, the wider NCR region is grappling with a massive backlog:
  • Around 190,000 housing units are stalled across Noida, Greater Noida, and Ghaziabad
  • These projects represent a combined value of approximately Rs 1 trillion
  • Greater Noida alone has 36 projects under insolvency
  • Developers owe Rs 400 billion to local authorities, including interest and penalties
Salil Kumar, Director at CRC Group, welcomed the redevelopment framework: “This initiative offers a progressive solution to urban decay. With enhanced FAR and better infrastructure, it can rejuvenate the city’s core and promote ownership.”

Urban planners caution that the Mumbai model’s replication in Noida will require careful navigation of tenant consent, phasing, and interim housing. However, the framework lays the foundation for similar transformations in cities such as Ghaziabad, Faridabad, and Lucknow—urban centres grappling with deteriorating low-income housing and halted projects.

Image source:https://www.msn.com

In a strategic bid to revitalise central urban areas and address long-pending housing backlogs, the Noida Authority has approved a new redevelopment policy modelled on Mumbai’s successful approach. The policy will involve the demolition of ageing economically weaker section (EWS) flats and the construction of modern, larger homes, while unlocking additional Floor Area Ratio (FAR) for developers to build saleable units.“We have identified four to five dilapidated buildings. When these were constructed, the FAR was 1.5; it now stands at 3.5,” said an official from the Noida Authority. Requests for proposals (RFPs) will be issued separately for each identified site.The redevelopment plan will initially target core sectors such as 27, 93, and 93A—areas with established infrastructure and high real estate demand. Developers chosen through public tenders will be required to demolish old buildings, provide upgraded homes to existing allottees at no extra cost, and offer temporary accommodation during construction. They will monetise the surplus FAR by selling additional units to recover investment.Industry experts view this as a turning point for Noida’s urban renewal. “While the intent is much-needed, commercial viability will depend on evolving buyer preferences,” said Nikhil Hawelia, MD of Hawelia Group and secretary of CREDAI Western UP.Yash Miglani, MD of Migsun Group, added, “This is a big step toward making homeownership a reality in prime Noida. The increased FAR and co-developer involvement will finally offer solutions for thousands of stranded buyers.”In a parallel move, the Noida Authority has also cleared the participation of co-developers in five stalled real estate projects, offering potential relief to over 5,000 homebuyers.According to CREDAI data, the wider NCR region is grappling with a massive backlog:Around 190,000 housing units are stalled across Noida, Greater Noida, and GhaziabadThese projects represent a combined value of approximately Rs 1 trillionGreater Noida alone has 36 projects under insolvencyDevelopers owe Rs 400 billion to local authorities, including interest and penaltiesSalil Kumar, Director at CRC Group, welcomed the redevelopment framework: “This initiative offers a progressive solution to urban decay. With enhanced FAR and better infrastructure, it can rejuvenate the city’s core and promote ownership.”Urban planners caution that the Mumbai model’s replication in Noida will require careful navigation of tenant consent, phasing, and interim housing. However, the framework lays the foundation for similar transformations in cities such as Ghaziabad, Faridabad, and Lucknow—urban centres grappling with deteriorating low-income housing and halted projects.Image source:https://www.msn.com

Next Story
Infrastructure Urban

LANXESS Pigments Bring Colour to Concrete at Venice Biennale

LANXESS’s advanced inorganic pigments have brought a splash of colour to concrete architecture through a striking 3D-printed sculpture titled “Duality of Skin and Core”, currently exhibited at the “Time. Space. Existence.” show during the Venice Architecture Biennale. The sculpture is the result of a collaboration between Eindhoven University of Technology’s Assistant Professor Cristina Nan and architect Mattia Zucco, supported by LANXESS and Dutch 3D-printing specialist Vertico.The column-like structure explores architectural experimentation using red and black iron oxide pigments..

Next Story
Infrastructure Energy

GP Eco Solutions Soars After Winning ₹121-Crore Solar Project Order

GP Eco Solutions India witnessed a sharp rise in its stock price, hitting the 5% upper circuit at ₹541.80, following the announcement of a major new project. The company revealed through a stock exchange filing that it had secured an engineering, procurement, and construction (EPC) contract valued at ₹121.29 crore for a solar power project.The contract was awarded by Welkin Renewable India and involves the development of a ground-mounted, grid-connected solar power plant with a total capacity of 24 MWac / 31.67 MWdc. The project, which will be implemented in Punjab, is set to be executed u..

Next Story
Infrastructure Energy

CBDT Notifies IREDA Bonds as Tax-Saving Option for Green Energy

In a significant step to enhance renewable energy financing in India, the Central Board of Direct Taxes (CBDT), operating under the Ministry of Finance, announced that bonds issued by the Indian Renewable Energy Development Agency Ltd. (IREDA) would be classified as 'long-term specified assets' under Section 54EC of the Income-tax Act, 1961.The notification, which took effect on July 9, 2025, enables investors to claim tax exemptions on long-term capital gains by investing in IREDA bonds. As per Section 54EC, individuals can invest up to ₹50 lakh in these bonds within six months of realizing..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?