Noida Authority Orders Asset Attachment for AIMS Max Gardenia

11 Jun 2024 CW Team

The Noida Authority has ordered the attachment of assets belonging to AIMS Max Gardenia developers due to outstanding dues amounting to Rs 24.09 billion. This stringent action comes after the developers failed to pay the due amount despite multiple notices and warnings issued by the authority.

The developers owe the massive sum as part of land dues and other charges linked to their various projects in Noida. The authority has taken this step to recover the dues and ensure compliance with financial regulations. The attachment order includes several high-value assets of the developers, which are expected to be seized and auctioned if the dues remain unpaid.

The Noida Authority?s decision is aimed at sending a strong message to defaulters about the seriousness of adhering to financial commitments. Such measures are part of the authority's broader strategy to enforce financial discipline among developers operating in the region.

This move has significant implications for the real estate sector in Noida, highlighting the authority's commitment to maintaining financial accountability. Developers are now under increased pressure to clear their dues promptly to avoid similar punitive actions.

Industry experts believe that this action by the Noida Authority will serve as a deterrent to other developers who might be considering delaying their payments. The authority is also expected to continue its stringent monitoring and enforcement activities to ensure compliance across all projects.

The Noida Authority's proactive stance in addressing outstanding dues is expected to boost financial discipline and contribute to the overall stability and credibility of the real estate market in the region.

Infrastructure Transport

14 Oct 2025

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

New Entry-Exit Planned on Vadodara–Mumbai Expressway near Ankleshwar

The Vadodara–Mumbai Expressway is set to get a new entry and exit point near Ankleshwar, aimed at improving regional connectivity and reducing travel time for commuters in south Gujarat. The new interchange, proposed by the National Highways Authority of India (NHAI), will offer smoother access to nearby industrial and residential areas. The project forms part of the Bharatmala Pariyojana initiative, designed to strengthen India’s expressway network and boost economic corridors. Once operational, the new interchange is expected to enhance logistics efficiency by offering improved freight..

PMRDA Launches Rs 5,580 Mn Road Upgrade Plan to Ease Chakan Traffic

The Pune Metropolitan Region Development Authority (PMRDA) has launched Rs 5,580 million road infrastructure upgrade plan to address severe traffic congestion in the Chakan industrial region. The initiative aims to improve connectivity between Pune and major industrial hubs, including Talegaon, Moshi, and Alandi. Under the plan, PMRDA will widen existing roads, construct new link roads, and improve junctions across the Chakan–Talegaon and Moshi-Alandi corridors. These measures are expected to streamline the movement of goods and workers, benefiting the area are automotive and manufacturing ..