Latest news with #GNIDA
Time of India
4 hours ago
- Business
- Time of India
GNIDA launches plot scheme for hospitals and edu institutions
Noida: Greater Noida Industrial Development Authority (GNIDA) launched a scheme to allot six plots for vocational training or academic institutes in Knowledge Park 5, and four plots for hospitals across sectors Mu, Knowledge Park 5, Omicron 1A and Knowledge Park 2. Applications are being invited through online bidding until August 12. The scheme, which opened on July 22, aims to attract reputed educational and healthcare institutions to set up operations in the region Under the scheme, allottees can develop facilities such as schools, colleges, vocational training centres, universities, hospitals, nursing homes, and yoga and meditation centres. Six institutional plots are available in Sector Knowledge Park 5, with reserve prices ranging from Rs 3.3 crore to Rs 12 crore. The largest among these is a 4,080 sqm plot with a base price of Rs 12 crore, while the smallest is 1,065 sqm, priced at Rs 3.3 crore. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Additonally, four plots have been earmarked for hospital use in Knowledge Park 2, Knowledge Park 5, Omicron 1A, and Sector Mu. The largest of these is a 25,852 sqm plot in Knowledge Park 2 with a reserve price of Rs 73 crore. The others include a 22,737 sqm plot in Knowledge Park 5 priced at Rs 57.9 crore, a 10,005 sqm plot in Sector Mu at Rs 36.9 crore, and a 4,500 sqm plot in Omicron 1A priced at Rs 19.3 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo "The scheme is expected to attract reputed educational and healthcare players, adding to the city's profile as a hub for institutional development," a GNIDA official said. Plots will be allotted through a competitive bidding process, and the detailed brochure is available on the GNIDA website.
Time of India
2 days ago
- Business
- Time of India
GNIDA report: s 4k cr dues from builders mired in legal dispute
Noida: Greater Noida Industrial Development Authority (GNIDA) is faced with staggering dues of Rs 4,081 crore from 21 major real estate projects. With cases pending in various legal platforms — from the National Company Law Tribunal (NCLT) to the Supreme Court — the Authority's recovery efforts have hit a judicial roadblock. A report by GNIDA has revealed that each of these projects owes more than Rs 100 crore, with real estate major Supertech Ltd leading the defaulters' list. The company's outstanding dues of Rs 903 crore span across three projects — Rs 312 crore for a project in Sector 1, and Rs 590 crore for two projects in Sector 16B. All these projects are currently under NCLT proceedings. Following closely is Unitech Ltd, with pending dues of Rs 828 crore across four projects in Pi 1 and 2. These projects are now under the supervision of a Supreme Court-appointed board. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Gaursons Group's ventures — Gaursons Hi-Tech Infrastructure and Gaursons Promoters — collectively owe Rs 303 crore. While they have deposited the premium and lease rent, a high court stay remains in effect regarding additional compensation. The dues include Rs 197 crore for Gaur City-1 in Sector 4 and Rs 107 crore for a Sector 16C project. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo ATS Infrastructure's project in Chi-IV has accumulated dues of Rs 201 crore. Though a recovery certificate was issued on May 29, 2023, the company's petition in the Allahabad high court has resulted in a stay on coercive action. Omaxe Ltd's NRI City project in Omega-2 has dues of Rs 278 crore. Following a recovery certificate, the high court stayed coercive action on Feb 20, 2020. It asked the company to deposit Rs 10 crore, which Omaxe fulfilled. La Residentia Developers, allotted land in Techzone-4 in 2010, owes Rs 244 crore. The case is particularly complex as the Supreme Court ruled in 2019 that 19.75% of the project (632 units) belongs to Amrapali Group. Amrapali's court receiver R Venkatramani has requested adjustments in land payments and recommended waiving the interest and penalties during the litigation period. Other significant defaulters include Earth Town Infrastructure (Rs 229 crore), Earthcon Universal Infratech (Rs 151 crore), Connoisseur Infrabuild (Rs 154 crore), Subhkamna Buildwell & Estates (Rs 133 crore), and AVJ Developers (Rs 116 crore). All of them are under NCLT proceedings. Mahagun India Ltd, which owes Rs 125 crore to the Authority, has secured a high court stay related to additional compensation, with a revision petition pending with the state govt. Gayatri Hospitality and Realcon's Rs 117-crore case is linked to La Residentia Developers' petition, with the high court ordering no coercive action. A GNIDA official said, "We are seeking legal opinion to explore possible resolutions in all these cases. Till then, it's wait and watch."
Time of India
14-07-2025
- Business
- Time of India
A Ved Van-style ayurveda park planned in Greater Noida
Noida: Greater Noida is set to get an Ayurveda Park inspired by Noida's Ved Van park. GNIDA has identified a 15-acre site in Sector 16 of Greater Noida West for the project, which will be developed to promote the principles and practices of Ayurveda through themed landscaping, medicinal plantations, and wellness-oriented features. GNIDA has issued a request for proposal (RFP) to hire an architect or urban design firm that will prepare the layout for the park's development. Firms vying for the project will be required to present a concept plan before an evaluation committee. "During this presentation, they will need to showcase their previous relevant work, and the firm whose concept best aligns with the Authority's brief will be selected," a GNIDA official said. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida The selected agency will carry out a detailed site evaluation and analyse various aspects such as topography, geology, soil conditions, hydrology, ecological sensitivity, and the potential impact of tourism and commercial activity. In addition to planning wellness features and the overall landscape, the architect will design walking tracks, lawns, gardens, play areas, fountains, a laser show, seating zones, and other recreational elements.
Time of India
12-07-2025
- Business
- Time of India
Adani Ports among top contenders for Logistics Park project, Infra News, ET Infra
Advt Advt Three companies, including Adani Ports , have submitted proposals to develop a 174-acre multimodal logistics park in Greater Noida 's Kappa-2. The project, launched by GNIDA on May 23, aims to attract over ₹ 1,200 crore in investment, create more than 5,000 jobs, and streamline freight movement for industries in the addition to Adani Ports and Special Economic Zone Ltd , Super Handlers and Empezar Logistics have also applied for the project, officials park is set to come up next to the Concor-operated dry port, which handles container storage and processing, and will feature an intermodal container terminal for cargo transport via road, rail, and air, leveraging its proximity to the upcoming Noida International Airport in Jewar. The facility will include container terminals, cargo yards, cold storage warehouses, and mechanised systems for handling bulk and break-bulk to officials, the park is positioned to connect the Eastern and Western Dedicated Freight Corridors, and will transform Noida into an integrated cargo hub with seamless air, rail, and road the allotment scheme, developers were required to propose a minimum investment of ₹1,200 crore, excluding the estimated ₹800 crore land cost, and show at least 10 years of experience operating container depots or rail terminals. The project aligns with the state's Multi-Modal Logistics Park Policy, 2024, which offers incentives to eligible investors, officials Thursday, UP chief secretary, and chairman of Noida and Greater Noida Authorities, Manoj Kumar Singh, reviewed the project during a visit to Greater Noida. Singh led a presentation session where the three companies showcased their plans, technical expertise, and investment strategies, attended by senior officials, including CEOs of the authorities."The logistics park scheme, with applications closed on June 23, aims to enhance regional logistics infrastructure by integrating multiple transport modes. It is expected to boost supply chain efficiency , reduce logistics costs for industries in western Uttar Pradesh, and create thousands of job opportunities for local youth," the chief secretary the meeting, an official said that a high-level committee, chaired by Singh, will finalise the developer selection. "Once operational, the park will serve as a vital node for industrial clusters in Greater Noida and nearby areas, strengthening UP's position as a manufacturing and logistics hub," the official a ₹ 8,325 crore Multi-Modal Logistics Hub , spanning 825 acres in Dadri, is under development as part of the Delhi-Mumbai Industrial Corridor (DMIC) Integrated Industrial Township in Greater Noida. Its construction is expected to begin in April 2026.
Time of India
11-07-2025
- Business
- Time of India
Adani Ports among 3 cos vying for land to build logistics park
Noida: Three companies, including Adani Ports, have submitted proposals to develop a 174-acre multimodal logistics park in Greater Noida's Kappa-2. The project, launched by GNIDA on May 23, aims to attract over Rs 1,200 crore in investment, create more than 5,000 jobs, and streamline freight movement for industries in the region. Tired of too many ads? go ad free now In addition to Adani Ports and Special Economic Zone Ltd, Super Handlers and Empezar Logistics have also applied for the project, officials said. The park is set to come up next to the Concor-operated dry port, which handles container storage and processing, and will feature an intermodal container terminal for cargo transport via road, rail, and air, leveraging its proximity to the upcoming Noida International Airport in Jewar. The facility will include container terminals, cargo yards, cold storage warehouses, and mechanised systems for handling bulk and break-bulk cargo. According to officials, the park is positioned to connect the Eastern and Western Dedicated Freight Corridors, and will transform Noida into an integrated cargo hub with seamless air, rail, and road connectivity. Under the allotment scheme, developers were required to propose a minimum investment of Rs 1,200 crore, excluding the estimated Rs 800 crore land cost, and show at least 10 years of experience operating container depots or rail terminals. The project aligns with the state's Multi-Modal Logistics Park Policy, 2024, which offers incentives to eligible investors, officials said. On Thursday, UP chief secretary, and chairman of Noida and Greater Noida Authorities, Manoj Kumar Singh, reviewed the project during a visit to Greater Noida. Singh led a presentation session where the three companies showcased their plans, technical expertise, and investment strategies, attended by senior officials, including CEOs of the authorities. Tired of too many ads? go ad free now "The logistics park scheme, with applications closed on June 23, aims to enhance regional logistics infrastructure by integrating multiple transport modes. It is expected to boost supply chain efficiency, reduce logistics costs for industries in western Uttar Pradesh, and create thousands of job opportunities for local youth," the chief secretary said. After the meeting, an official said that a high-level committee, chaired by Singh, will finalise the developer selection. "Once operational, the park will serve as a vital node for industrial clusters in Greater Noida and nearby areas, strengthening UP's position as a manufacturing and logistics hub," the official added. Additionally, a Rs 8,325 crore Multi-Modal Logistics Hub, spanning 825 acres in Dadri, is under development as part of the Delhi-Mumbai Industrial Corridor (DMIC) Integrated Industrial Township in Greater Noida. Its construction is expected to begin in April 2026.
