Land compensation to farmers up, flat registry scheme soon: Noida Authority
NEW DELHI: The Noida Authority on Wednesday announced a hike in land purchase rate from farmers to Rs 5,324 per square metres from the existing Rs 5,060 per square metres. The authority also said that it would bring a scheme to facilitate resettlement of dues in group housing projects and sports city plots to help […]
Noida Authority takes over land possessed by Wave Group over pending dues
NOIDA: The Noida Authority on Wednesday said it has taken over possession of 1.08 lakh sq metre commercial land that was allotted to real estate developer Wave Group, over unpaid dues of about Rs 2,500 crore. The group termed the action as “high handed” and “illegal” and added that it would take “appropriate legal recourse” […]
Master Green Park in Sector 117 will provide boost to real estate
NEW DELHI: Real estate in sectors around Noida sector 117 got a fresh boost when Noida Authority announced that it would develop an 18-acre park with a butterfly design theme. To be ready by next year, the Master Green Park will have a cricket pitch, amphitheatre, cafeteria, parking space, and convenience shops. The residents of […]
Noida Authority issues Rs 293 crore recovery notice to Supertech for Cape Town project
NOIDA: The Noida Authority has issued a recovery certificate against Supertech Ltd, saying real estate major defaulted on the payment of Rs 253 crore in principal amount for its Cape Town project in Sector 74 of Noida. The project, which started in 2010, is complete and residents have started moving in. The total dues to […]
Ritu Maheshwari is new CEO of Noida Authority
NEW DELHI: IAS officer Ritu Maheshwari has been appointed as the new Chief Executive Officer (CEO) of the Noida Authority, according to a government order which also effected several other transfers. Maheshwari, who was serving as the Ghaziabad District Magistrate, replaces Alok Tandon, who has been relieved as the Noida Authority CEO but will continue […]