+
Noida: Expanding Amrapali projects, sales to fund completion
ECONOMY & POLICY

Noida: Expanding Amrapali projects, sales to fund completion

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.

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.

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?