Noida Authority: 20 Builders Paying 25% Dues

14 May 2024 CW Team

According to the Noida Authority, approximately 20 builders involved in stalled projects have made payments covering 25% of their outstanding dues. This development signals a positive step forward in addressing the challenges posed by stalled real estate projects in Noida and offers hope for their eventual completion.

The payments made by these builders represent a significant contribution towards resolving the financial obligations associated with stalled projects. It demonstrates their commitment to fulfilling their responsibilities and mitigating the adverse impact of stalled projects on homebuyers and the real estate sector.

The Noida Authority's announcement comes amidst ongoing efforts to revive stalled projects and provide relief to affected homebuyers. By facilitating partial payments from builders, the authority aims to expedite the resolution process and facilitate the completion of stalled projects in a timely manner.

The progress reported by the Noida Authority reflects the effectiveness of its efforts to engage with builders and facilitate negotiations to resolve financial disputes. It also highlights the collaborative approach adopted by stakeholders to address the challenges facing the real estate sector in Noida.

While the payments made by builders represent a positive development, there is still work to be done to address the remaining dues and ensure the timely completion of stalled projects. The Noida Authority remains committed to supporting homebuyers and facilitating the resolution of stalled projects to restore confidence in the real estate market.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..