Noida authority seals three unsold shops in Prateek Laurel society

21 Oct 2024 CW Team

The group housing plot (GH-1) in Sector 120 was allotted to the developer on Dec 10, 2009, with the lease executed on Jan 7, 2010. The project, which includes 1,530 flats, still has 290 unregistered flats.

Apart from Prateek Realtors, developers of 16 other projects who agreed to the state's rehabilitation policy have also fallen short on payments – depositing just Rs 570 million against total dues of Rs 7.40 billion. Collectively, 6,152 flats in these projects remain unregistered.

Earlier this month, the Authority initiated proceedings against seven builders who have not consented to the state govt's rehabilitation package for stalled projects. Final notices were issued to these developers, directing them to provide details of unsold flats, unsold shops, and unutilised portions of their project land.

Developers who fail to submit the required information will have their cases referred to the Economic Offences Wing (EOW) for the recovery of outstanding dues. Additionally, the Authority plans to seal vacant properties associated with these non-compliant developers.

Meanwhile, in a separate development, the Authority suspended an assistant for negligence in handling a case related to MMR Saha Developers – who owe over Rs 11 billion on a commercial plot in Sector 52.

Noida CEO Lokesh M formed teams to take action against developers who are not utilising the rehabilitation package. This package includes a two-year zero period for the Covid-19 pandemic (offering interest waivers) aimed at reducing land dues and expediting the registration process for flats, ultimately providing long-awaited ownership rights to affected homebuyers.

The Noida Authority sealed three unsold shops in the Prateek Laurel society in Sector 120. The action was taken after the developer, Prateek Realtors India Pvt Ltd, failed to comply with a govt order on legacy stalled real estate projects. As of Dec 31, 2023, the developer owed the Authority a total of Rs 504 million. Despite repeated notices, Prateek Realtors deposited only Rs 10.5 million out of the required Rs 126.2 million, which is 25% of the total dues. The group housing plot (GH-1) in Sector 120 was allotted to the developer on Dec 10, 2009, with the lease executed on Jan 7, 2010. The project, which includes 1,530 flats, still has 290 unregistered flats. Apart from Prateek Realtors, developers of 16 other projects who agreed to the state's rehabilitation policy have also fallen short on payments – depositing just Rs 570 million against total dues of Rs 7.40 billion. Collectively, 6,152 flats in these projects remain unregistered. Earlier this month, the Authority initiated proceedings against seven builders who have not consented to the state govt's rehabilitation package for stalled projects. Final notices were issued to these developers, directing them to provide details of unsold flats, unsold shops, and unutilised portions of their project land. Developers who fail to submit the required information will have their cases referred to the Economic Offences Wing (EOW) for the recovery of outstanding dues. Additionally, the Authority plans to seal vacant properties associated with these non-compliant developers. Meanwhile, in a separate development, the Authority suspended an assistant for negligence in handling a case related to MMR Saha Developers – who owe over Rs 11 billion on a commercial plot in Sector 52. Noida CEO Lokesh M formed teams to take action against developers who are not utilising the rehabilitation package. This package includes a two-year zero period for the Covid-19 pandemic (offering interest waivers) aimed at reducing land dues and expediting the registration process for flats, ultimately providing long-awaited ownership rights to affected homebuyers.

Infrastructure Transport

30 Oct 2025

RVNL wins North Eastern Railway bridge project worth Rs 1.66 billion

Rail Vikas Nigam Limited (RVNL) announced on 27 October that it has emerged as the lowest bidder (L1) for a significant infrastructure project awarded by the North Eastern Railway, as part of its routine business operations. The project involves the construction of the substructure for Important Bridge No. 50, which will comprise 14 spans of 61 metres each. It will feature a Double D-type well foundation designed for a double line and adhere to the RDSO 25T axle loading standard. The bridge will be built over the river Gandak, situated between Paniyahwa and Valmikinagar stations, as part of ..

Infrastructure Transport

30 Oct 2025

Northern Railways plans direct Kashmir link with India

Following the successful launch of twin Vande Bharat trains on the Srinagar–Katra route, marking the completion of the Udhampur–Srinagar–Baramulla rail link in June, Northern Railways is now working towards providing direct rail connectivity between Kashmir and the rest of the country, an official has confirmed. Senior Divisional Commercial Manager of the Jammu Division, Uchit Singhal, said that efforts are underway to resolve operational and security challenges to achieve this milestone for Jammu and Kashmir. Speaking to PTI after introducing a two-minute stoppage for the semi-high-sp..

Infrastructure Transport

30 Oct 2025

Railway Board approves new station at Nedumbassery airport

The Railway Board has approved the construction of a new railway station at Nedumbassery, fulfilling a long-standing demand from air passengers using the Cochin International Airport. Union Minister George Kurian’s office announced on Wednesday that the decision marks a major step towards enhancing rail connectivity to the airport, which serves as one of southern India’s key transport hubs. According to the statement, Kurian had earlier met Railway Minister Ashwini Vaishnaw, who assured him that the project would be expedited. The plan gathered momentum following Vaishnaw’s visit last ..