Noida: Expanding Amrapali projects, sales to fund completion

01 Dec 2023 CW Team

The Greater Noida Industrial Development Authority (GNIDA) announced that additional construction in projects of the beleaguered Amrapali Group, being undertaken by the public sector company NBCC through a Supreme Court-monitored process, has received clearance.

The GNIDA anticipates a revenue windfall of Rs 4.5 billion by permitting extra floor area ratio (FAR) in the projects. NBCC, under the supervision of Supreme Court-appointed receiver R Venkataramani, is currently progressing with the completion of five residential projects of Amrapali ? Centurion, Smart City, Leisure Park, Leisure Valley, and Dream Valley in Greater Noida.

For these residential projects, the GNIDA had originally allocated 317 acre of land. In a bid to generate funds, NBCC had previously requested GNIDA to increase FAR. This would enable the construction of additional flats and houses, providing an opportunity to sell them and raise funds for other stalled projects of the Noida-based group, which faced financial difficulties with its owner imprisoned for alleged diversion of funds.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..