Noida authority to raise Rs 38 Bn revenue

30 Jul 2024 CW Team

The Noida Authority has set an ambitious target of allotting 5.5 lakh sqm across various categories this financial year, including industrial, commercial, residential, group housing and institutional plots.

The land allocation is projected to generate a revenue of Rs 37 billion. The Authority has decided on this ambitious target despite managing to allot only 23% of its land target last year.

The largest chunk of land, 3.3 lakh sqm, has been designated for institutional purposes this year, suggesting the Authority's emphasis on IT/ITES parks, data centres, and educational and research facilities. Plots for industrial use are next on the list, with an allotment of 1 lakh sqm. Around 67,500sqm of residential plots, 35,000sqm in the commercial sector and 13,800sqm in the group housing category will be allotted as well.

Despite smaller land parcels allocated in group housing and commercial categories, they are expected to generate the maximum revenue" of Rs 10.80 billion and Rs 10.10 billion, respectively. Industrial land allotment is projected to bring in Rs7 billion. Residential plots have a revenue target of Rs 6.50 billion , while institutional plot allotments are likely to yield Rs 3.15 billion.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..