Noida Files Review Plea in HC for Lotus Flats

06 May 2024 CW Team

Noida authority has filed a review plea in the High Court, expressing its inability to execute property registry for Lotus flats. The move follows legal complexities hindering the authority from proceeding with the registration process for the said properties.

The review plea filed by Noida sheds light on the challenges it faces in completing property registries for Lotus flats, citing legal impediments. The authority seeks clarification and resolution from the High Court to address the ongoing issue affecting property owners.

The legal hurdles preventing Noida from executing property registries for Lotus flats underscore the complexities involved in real estate transactions. The authority's efforts to seek judicial intervention highlight its commitment to resolving the issue and facilitating property ownership for affected individuals.

The review plea signals Noida's proactive approach in addressing regulatory challenges impacting property transactions and ownership rights. By seeking judicial clarity and guidance, the authority aims to streamline the registry process and uphold the interests of property owners.

The filing of the review plea reflects Noida's commitment to transparent and efficient administration of property-related matters. The authority's initiative to seek legal recourse underscores its responsibility to safeguard the rights and interests of stakeholders in the real estate sector.

As Noida pursues legal avenues to resolve the issue surrounding Lotus flats, affected property owners and stakeholders await a favourable outcome from the High Court's deliberations. The review plea represents a significant step towards resolving the regulatory impasse and restoring confidence in property transactions within the region.

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..

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..

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..