+
Noida Authority seeks review relief granted to ET Infra Developers
Real Estate

Noida Authority seeks review relief granted to ET Infra Developers

The Noida Authority plans to request the Uttar Pradesh government to reconsider its decision to grant a Rs 630 million financial relief to ET Infra Developers Pvt Ltd, the builders of the World Trade Tower in Sector 16. The relief was originally granted to compensate for delays caused by the National Green Tribunal's (NGT) ban on construction within 10 kilometers of the Okhla Bird Sanctuary from 2013 to 2015.

Officials from the Authority argue that the developer completed the towers before the NGT's orders were imposed but failed to secure an occupancy certificate (OC) due to missing documents. Therefore, they claim the developer is ineligible for the waiver, as the NGT ban did not directly impact the project.

ET Infra Developers had been allotted the commercial land for the project in 2010, with a requirement to complete construction and apply for the OC by August 2013. Although the builder applied for the certificate in June 2013, the application was rejected due to incomplete documentation. The NGT ban was imposed after this, in August 2013.

The developer had requested a waiver of interest from September 2013, citing delays caused by the NGT's restrictions. Despite receiving partial relief for the period from August to October 2013, the builder continued to appeal for a full waiver for the two-year period starting in August 2013. In 2023, the Uttar Pradesh government granted the developer a full waiver of interest and lease rent, amounting to Rs 630 billion.

Noida Authority officials, however, dispute the decision, stating that the delay in receiving the OC was due to the developer's own shortcomings, not the NGT ban. They argue that granting additional relief would set an unfair precedent and impose a financial burden on the Authority.

(ET)

The Noida Authority plans to request the Uttar Pradesh government to reconsider its decision to grant a Rs 630 million financial relief to ET Infra Developers Pvt Ltd, the builders of the World Trade Tower in Sector 16. The relief was originally granted to compensate for delays caused by the National Green Tribunal's (NGT) ban on construction within 10 kilometers of the Okhla Bird Sanctuary from 2013 to 2015. Officials from the Authority argue that the developer completed the towers before the NGT's orders were imposed but failed to secure an occupancy certificate (OC) due to missing documents. Therefore, they claim the developer is ineligible for the waiver, as the NGT ban did not directly impact the project. ET Infra Developers had been allotted the commercial land for the project in 2010, with a requirement to complete construction and apply for the OC by August 2013. Although the builder applied for the certificate in June 2013, the application was rejected due to incomplete documentation. The NGT ban was imposed after this, in August 2013. The developer had requested a waiver of interest from September 2013, citing delays caused by the NGT's restrictions. Despite receiving partial relief for the period from August to October 2013, the builder continued to appeal for a full waiver for the two-year period starting in August 2013. In 2023, the Uttar Pradesh government granted the developer a full waiver of interest and lease rent, amounting to Rs 630 billion. Noida Authority officials, however, dispute the decision, stating that the delay in receiving the OC was due to the developer's own shortcomings, not the NGT ban. They argue that granting additional relief would set an unfair precedent and impose a financial burden on the Authority. (ET)

Next Story
Infrastructure Energy

L&T to Build India’s Largest Green Hydrogen Plant for IOCL

The plant will be developed on a build-own-operate (BOO) model and will supply 10,000 tonnes of green hydrogen annually to IOCL for a period of 25 years. It will operate entirely on renewable energy, aligning with IOCL’s decarbonisation goals and India’s broader net-zero ambitions.Green hydrogen at the plant will be produced using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s facility in Hazira, Gujarat. This initiative further showcases L&T’s commitment to localised, self-reliant clean-tech solutions under the Aatmanirbhar Bharat mission.LTEG’s..

Next Story
Infrastructure Urban

Bansal Wire Q1 Profit Rises 24.6% to Rs 393 Mn

Bansal Wire Industries, India’s largest stainless steel wire manufacturer and second-largest steel wire maker by volume, reported a 24.6 per cent year-on-year rise in net profit to Rs 393 million for the quarter ended June 30, 2025 (Q1 FY26).During the quarter, revenue rose 14.9 per cent YoY to Rs 9,390 million, while EBITDA increased by 19.6 per cent YoY to Rs 745 million, reflecting the company's strong operational performance and focus on value-added segments.According to Pranav Bansal, MD & CEO of Bansal Wire Industries, the company has started FY26 on a strong note, building on the ..

Next Story
Infrastructure Urban

Lemon Tree Opens Keys Lite Hotel in Banswara, Rajasthan

Lemon Tree Hotels has launched its latest property, Keys Lite by Lemon Tree Hotels, Banswara, further expanding its footprint in Rajasthan. This marks the group’s 11th operational hotel in the state and continues its focus on providing quality stays in emerging travel destinations.The newly launched managed hotel features 54 well-appointed rooms, a multi-cuisine restaurant – Keys Café, a fitness centre, and spacious banquet and conference facilities, catering to both leisure and business travellers.Located in southern Rajasthan, Banswara is known as the “City of Hundred Islands” for t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?