Noida introduces new group housing scheme

13 Dec 2022 CW Team

However, in order to purchase the land plots, realtors must be able to pay the land cost within 90 days of allotment. According to officials, the previous payment plan of seven years' worth of installments is no longer valid.

The deadline for applications is January 1, 2023, and the program will go into force on December 12th.

According to officials, the applicant can purchase the plot through online bidding. Before submitting an application for the program, which provides plots of 14,000 square meters in sector 44 and 20,000 square meters in sector 45, a candidate must first register themselves and then acquire a password.

“We have only these two plots on offer in this scheme and other plots will be auctioned in schemes to be launched in future,” said Ritu Maheshwari, chief executive officer of the Noida authority.

In order to raise money, the authority has been introducing initiatives to sell its plots. According to officials, Yogi Adityanath, the chief minister of Uttar Pradesh, has instructed the authority to bring in as much investment as it can through a variety of programmes in order to boost the local economy and create jobs.

Realtors claim that this plan will only appeal to people who can afford to cover the entire sum in 90 days.

“The Noida real estate market is undergoing a tough time with delayed projects and liquidity crisis. Let’s see if anyone will be able to buy plots under the new rule in which they need to make payment upfront,” said Subodh Goyal, legal committee head of confederation of real estate developers’ association of India (Credai).

CMD of Griha Pravesh Group, Abhay Kumar, said, “The new scheme discourages entrepreneurship because developers with less funds cannot make payment upfront for land cost and also invest in construction at the same time. Only developers with deep pockets can buy land parcels in this scheme.”

A group housing program for realtors looking to construct housing facilities in the city was introduced by the Noida authorities. Sectors 44 and 45, where land costs between 2 lakh and more per square meter, are where the group housing plots are situated. However, in order to purchase the land plots, realtors must be able to pay the land cost within 90 days of allotment. According to officials, the previous payment plan of seven years' worth of installments is no longer valid. The deadline for applications is January 1, 2023, and the program will go into force on December 12th. According to officials, the applicant can purchase the plot through online bidding. Before submitting an application for the program, which provides plots of 14,000 square meters in sector 44 and 20,000 square meters in sector 45, a candidate must first register themselves and then acquire a password. “We have only these two plots on offer in this scheme and other plots will be auctioned in schemes to be launched in future,” said Ritu Maheshwari, chief executive officer of the Noida authority. In order to raise money, the authority has been introducing initiatives to sell its plots. According to officials, Yogi Adityanath, the chief minister of Uttar Pradesh, has instructed the authority to bring in as much investment as it can through a variety of programmes in order to boost the local economy and create jobs. Realtors claim that this plan will only appeal to people who can afford to cover the entire sum in 90 days. “The Noida real estate market is undergoing a tough time with delayed projects and liquidity crisis. Let’s see if anyone will be able to buy plots under the new rule in which they need to make payment upfront,” said Subodh Goyal, legal committee head of confederation of real estate developers’ association of India (Credai). CMD of Griha Pravesh Group, Abhay Kumar, said, “The new scheme discourages entrepreneurship because developers with less funds cannot make payment upfront for land cost and also invest in construction at the same time. Only developers with deep pockets can buy land parcels in this scheme.” See also: Greater Noida authority launches group housing scheme TN seeks to rope in Singapore firms for housing projects

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..