Eldeco and HDFC Capital joint platform’s cumulative revenue potential across 17 projects is estimated to be Rs 8,000 crore. Out of this, projects with estimated revenue of Rs 2,000 crore have already been launched in Panipat, Sonipat, Rishikesh and Kasauli.
The Noida Authority had identified multiple sectors, villages, and areas specially along the Noida Expressway, where land mafias had encroached upon the government land and were attempting to sell plots to the gullible public. The anti-encroachment drive was conducted in villages such as Sorkha Zahidabad, Salarpur, Asadullapur, Mohiyapur, Sadarpur, Mamura, Garhi Samastipur, Gulawali and Salarpur Khadar.
According to official estimates, real estate developers collectively owe around Rs 44,700 crore to the development authorities in Gautam Budh Nagar. They owe almost Rs 26,000 crore to the Noida Authority.
The approval for the film city project was given by the UP Cabinet in March 2024 and later that month the award letter of the project was also issued for the concessionaire. A consortium led by Bollywood filmmaker Boney Kapoor’s firm Baywatch Projects LLP in association with Noida based developer Bhutani Infra will develop the Film City project near Noida International Airport along the Yamuna Expressway.
The Authority has to acquire around 244 hectares of land for the development of a dedicated industrial sector named as Sector 10 near Jewar Airport, and has released over Rs 650 crore to the Gautam Budh Nagar district administration for the purpose