Registration soon for 6500 Greater Noida Flats

09 Feb 2024 CW Team

In contrast to Noida, where only 15 out of 57 real estate developers have embraced the package aimed at expediting stalled projects across the state, particularly in Noida and Ghaziabad. This acceptance will facilitate the registration of only 1,600 flats out of a total of 32,000 among these 57 developers.

The Greater Noida Authority anticipates generating revenue of over Rs 14 billion from these projects over the next two years. The real estate developers who have agreed to the government's deal include Nirala, Rudra Buildwell, Antriksh, Panchsheel, and Himalaya. Their projects are primarily concentrated in Greater Noida West.

Greater Noida has a total of 96 projects, where the registries of 70,000 flats are pending. Together, these projects owe the Authority approximately Rs 55 billion. Additionally, there are 30 projects whose cases are under consideration in various courts, including Supertech, Amrapali, Unitech, and Mahagun, but they are not eligible for the package.

Saumya Srivastava, an Officer on Special Duty (OSD) at the Authority, mentioned that the process of obtaining consent from 32 more builders would be completed within a week.

?We have assigned three managers with the responsibility of reaching out to the developers and resolving their queries. The developers who have already given their consent are being asked to provide us with a date by which they will deposit the initial amount of their recalculated dues. A database with all the details is being created. We are also seeking details of under-construction flats that are likely to be completed in three years.?

Builders who accept the government's package will qualify for a 'zero period' waiver of penalties and interests charged during the two years of the Covid pandemic. After this waiver, the dues of each builder will decrease by around 20%, but they are required to deposit 25% of their recalculated dues upfront.

Approximately 6,500 flats spread across 30 projects in Greater Noida are expected to undergo registration in the coming weeks as the developers have agreed to the rehabilitation package offered by the Uttar Pradesh government. In contrast to Noida, where only 15 out of 57 real estate developers have embraced the package aimed at expediting stalled projects across the state, particularly in Noida and Ghaziabad. This acceptance will facilitate the registration of only 1,600 flats out of a total of 32,000 among these 57 developers. The Greater Noida Authority anticipates generating revenue of over Rs 14 billion from these projects over the next two years. The real estate developers who have agreed to the government's deal include Nirala, Rudra Buildwell, Antriksh, Panchsheel, and Himalaya. Their projects are primarily concentrated in Greater Noida West. Greater Noida has a total of 96 projects, where the registries of 70,000 flats are pending. Together, these projects owe the Authority approximately Rs 55 billion. Additionally, there are 30 projects whose cases are under consideration in various courts, including Supertech, Amrapali, Unitech, and Mahagun, but they are not eligible for the package. Saumya Srivastava, an Officer on Special Duty (OSD) at the Authority, mentioned that the process of obtaining consent from 32 more builders would be completed within a week. ?We have assigned three managers with the responsibility of reaching out to the developers and resolving their queries. The developers who have already given their consent are being asked to provide us with a date by which they will deposit the initial amount of their recalculated dues. A database with all the details is being created. We are also seeking details of under-construction flats that are likely to be completed in three years.? Builders who accept the government's package will qualify for a 'zero period' waiver of penalties and interests charged during the two years of the Covid pandemic. After this waiver, the dues of each builder will decrease by around 20%, but they are required to deposit 25% of their recalculated dues upfront.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..