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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..