Noida developers face Rs.1,035 crore dues
ECONOMY & POLICY

Noida developers face Rs.1,035 crore dues

Noida's development authorities are preparing to write to the Enforcement Directorate (EOW) regarding seven developers who have yet to clear outstanding dues totaling Rs.1,035 crore. This financial non-compliance raises concerns about project delays and the overall impact on urban infrastructure development in the region.

The developers in question have been involved in various housing and infrastructure projects, and their failure to settle these dues could impede progress and completion timelines. The Noida Authority is committed to ensuring accountability and transparency in the real estate sector, which is crucial for maintaining trust among homebuyers and stakeholders.

By involving the EOW, the Noida Authority aims to address potential irregularities in financial practices and enforce compliance with regulations governing the construction industry. This move reflects a broader effort to hold developers accountable for their financial obligations and to protect the interests of residents awaiting project completion.

The outstanding dues not only hinder the development of essential urban infrastructure but also pose challenges for Noida's real estate market, potentially affecting property values and investor confidence. The government's action underscores the importance of financial responsibility within the construction sector and aims to ensure that developers meet their commitments.

As the situation unfolds, it is expected that the Noida Authority will take necessary measures to expedite the resolution of these outstanding dues, fostering a more sustainable and transparent urban development landscape. Ensuring financial compliance is vital for the growth and stability of Noida's urban infrastructure projects and the overall real estate environment in the region.

Noida's development authorities are preparing to write to the Enforcement Directorate (EOW) regarding seven developers who have yet to clear outstanding dues totaling Rs.1,035 crore. This financial non-compliance raises concerns about project delays and the overall impact on urban infrastructure development in the region. The developers in question have been involved in various housing and infrastructure projects, and their failure to settle these dues could impede progress and completion timelines. The Noida Authority is committed to ensuring accountability and transparency in the real estate sector, which is crucial for maintaining trust among homebuyers and stakeholders. By involving the EOW, the Noida Authority aims to address potential irregularities in financial practices and enforce compliance with regulations governing the construction industry. This move reflects a broader effort to hold developers accountable for their financial obligations and to protect the interests of residents awaiting project completion. The outstanding dues not only hinder the development of essential urban infrastructure but also pose challenges for Noida's real estate market, potentially affecting property values and investor confidence. The government's action underscores the importance of financial responsibility within the construction sector and aims to ensure that developers meet their commitments. As the situation unfolds, it is expected that the Noida Authority will take necessary measures to expedite the resolution of these outstanding dues, fostering a more sustainable and transparent urban development landscape. Ensuring financial compliance is vital for the growth and stability of Noida's urban infrastructure projects and the overall real estate environment in the region.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?