UP govt resolving issues of housing projects which hit bottlenecks

02 Jul 2021 CW Team

The state government has received various suggestions for resolving the issues, according to the infrastructure and industrial development minister, and those are being looked into to protect the interests of homebuyers.

Many builders, including Amrapali, Jaypee Infratech, and Unitech, have failed to deliver their projects in Noida and Greater Noida, causing significant distress to thousands of homebuyers whose investments have been stalled for over a decade.

Infrastructure and Industrial Development Commissioner Sanjiv Kumar Mittal said the Greater Noida Authority reduced transfer charges by 50% at its last board meeting, and the Yamuna Authority has also reduced.

In the case of Jaypee Infratech, which has stranded over 20,000 buyers, the Mumbai-based Suraksha group recently received approval from financial creditors and homebuyers to take over the debt-ridden real estate firm.

After receiving all regulatory approvals to acquire Jaypee Infratech, the Suraksha group has promised to complete the flats in 42 months.

Amrapali has hired NBCC as a project management consultant to complete more than 20 projects.

The minister said that huge investments are coming to the state's electronics manufacturing, including Samsung's display unit.

Samsung has completed the construction of its display manufacturing unit in Noida, which was relocated from China.

All industrial development authorities have been directed to provide land to mega and above category industries within 15 days of receiving an application, and three companies have benefited so far from this preferential allotment system: Hiranandani Group, Adani Group, and Microsoft.

The state is providing fast-track incentives to new industrial units in the Poorvanchal, Madhyanchal, and Bundelkhand regions to create growth centres. In addition, under the post-Covid-19 Accelerated Investment Promotion Policy for Backward Regions 2020, investment applications worth Rs 1,400 crore with potential employment of 977 have been received.

Image Source

Also read: Maha govt nods cluster development for MHADA redevelopment in Pune

Also read: UP RERA has decided to organise National Lok Adalat on July 10

Uttar Pradesh state minister Satish Mahana told the media that the government is trying to resolve stalled projects issues in Noida and Greater Noida to protect the interest of homebuyers who did not get possession of their houses. The state government has received various suggestions for resolving the issues, according to the infrastructure and industrial development minister, and those are being looked into to protect the interests of homebuyers. Many builders, including Amrapali, Jaypee Infratech, and Unitech, have failed to deliver their projects in Noida and Greater Noida, causing significant distress to thousands of homebuyers whose investments have been stalled for over a decade. Infrastructure and Industrial Development Commissioner Sanjiv Kumar Mittal said the Greater Noida Authority reduced transfer charges by 50% at its last board meeting, and the Yamuna Authority has also reduced. In the case of Jaypee Infratech, which has stranded over 20,000 buyers, the Mumbai-based Suraksha group recently received approval from financial creditors and homebuyers to take over the debt-ridden real estate firm. After receiving all regulatory approvals to acquire Jaypee Infratech, the Suraksha group has promised to complete the flats in 42 months. Amrapali has hired NBCC as a project management consultant to complete more than 20 projects. The minister said that huge investments are coming to the state's electronics manufacturing, including Samsung's display unit. Samsung has completed the construction of its display manufacturing unit in Noida, which was relocated from China. All industrial development authorities have been directed to provide land to mega and above category industries within 15 days of receiving an application, and three companies have benefited so far from this preferential allotment system: Hiranandani Group, Adani Group, and Microsoft. The state is providing fast-track incentives to new industrial units in the Poorvanchal, Madhyanchal, and Bundelkhand regions to create growth centres. In addition, under the post-Covid-19 Accelerated Investment Promotion Policy for Backward Regions 2020, investment applications worth Rs 1,400 crore with potential employment of 977 have been received. Image Source Also read: Maha govt nods cluster development for MHADA redevelopment in PuneAlso read: UP RERA has decided to organise National Lok Adalat on July 10

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..