Noida Board Clears Redevelopment, Hotel and Housing Plans

23 Jun 2025 CW Team

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.

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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..