Page 13 - Noida

Saya Group to invest Rs 2,000 cr in 1.4 mn sq ft-shopping mall in Noida

Realty firm Saya Group will invest Rs 2,000 crore to develop a 14 lakh square feet shopping mall in Noida as part of its expansion plan, its CMD Vikas Bhasin said on Wednesday. The construction work has started and the shopping mall 'Saya Status' is expected to be operational in January 2025. "We are developing the country's tallest mall in Sector 128, Noida Expressway. The total built up area is 14 lakh square feet while the leasable area is 11 lakh square feet," Bhasin told reporters. The height of the 9-floor shopping mall is around 160 square feet, the company said. The company will keep 70 per cent area in the mall and sell 30 per cent area to investors. The company however will retain the leasing rights. Asked about investment, Bhasin said the total cost will be around Rs 2,000 crore, including expenditure on land, construction and marketing. The investment will be funded through internal accruals and loans from IIFL. Saya Group is selling the retail space in a price range

Coaching centre fire row: DIOS issues notices to 54 institutes in Noida

Days after Mukherjee Nagar coaching centre fire in Delhi, the DIOS has issued notices to 54 coaching institutes running in Noida and Greater Noida without fire safety arrangements

86% households in Noida, 94% in UP experience daily power cuts: Survey

Eighty-six per cent of the households in Noida and 94 per cent in Uttar Pradesh have experienced daily power outages in the ongoing month of June, according to a survey by a social media platform. The findings are based on responses from over 14,000 respondents located in 56 of the 75 districts of the state, the survey conducted by LocalCircles said. According to the survey, 94 per cent of households in Uttar Pradesh surveyed say they have been facing power outages daily in June. Also, 65 per cent of those surveyed in Uttar Pradesh are facing power outages three or more times on average every day, it claimed. Overall in Uttar Pradesh, six per cent of the respondents stated that they have no knowledge as we have 24X7 power backup, the survey found. In Gautam Buddh Nagar district (Noida), 86 per cent of households surveyed confirmed experiencing daily power outages this month, with 35 per cent of them saying that the outages last more than two hours, according to the survey. On ave

BJP president Nadda chairs special meeting with party workers in Noida

BJP president J P Nadda is holding a "tiffin meeting" here with party workers of western Uttar Pradesh, the party's Noida Mahangar president Manoj Gupta said on Wednesday afternoon. "The 'tiffin meeting' is part of the BJP's mega public outreach program ahead of the 2024 general elections," Gupta said. The BJP's state unit chief Bhupendra Chaudhary, vice-president Pankaj Singh, Gautam Buddh Nagar MP Mahesh Sharma and Rajya Sabha MP Surendra Nagar among others are accompanying Nadda, he said.

Noida-based IKIO Lighting's IPO to kick off on June 6; check details here

The initial share-sale of LED lighting solutions provider IKIO Lighting Ltd is set to open for public subscription on June 6. The three-day initial public offering (IPO) will conclude on June 8. The bidding for anchor investors will open on June 5, according to the red herring prospectus (RHP). The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters -- Hardeep Singh and Surmeet Kaur. Proceeds from the fresh issuance worth Rs 50 crores will be used for debt payment, Rs 212.31 crore will be used in the company's wholly-owned subsidiary, IKIO Solutions, to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a manufacturer of light-emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures,s and supplies products to customers who then further distribute these products under its

1 child killed, 28 injured in bus-truck collision in Uttar Pradesh's Noida

One child was killed and as many as 28 people were left injured after a bus and a truck collided in Uttar Pradesh's Noida

State violence giving birth to gun culture: Akhilesh on Noida shootout

Samajwadi Party president Akhilesh Yadav on Monday accused the Uttar Pradesh government of giving birth to "gun culture" in the state, and also held the dispensation accountable for an incident at a private university in Greater Noida where a student killed a batch-mate before shooting himself dead. A 21-year-old BA third year student had on Thursday shot dead his woman batchmate inside the Shiv Nadar university premises. The two were allegedly in a relationship but had broken up due to some differences after which the student took the extreme step, according to local police officials. "Due to poor security arrangements in the prestigious Shiv Nadar university in Uttar Pradesh's Noida, near Delhi, the killing of a girl student by three gunshots is a painful incident. The UP administration had been equally negligent. Uttar Pradesh mein shaasnik hinsa ne nayi 'tamancha sanskriti' ko janm diya hai (The state violence in UP has given birth to a new gun culture in UP," Yadav tweeted in ..

Plan in 2 weeks to resolve stuck up Noida housing projects: UP officer

A plan to resolve the logjam between stakeholders of group housing projects in Noida, Greater Noida is expected in two weeks, a senior Uttar Pradesh government officer said on Monday. According to officials, a meeting of Noida Authority, Greater Noida, bank representatives and real estate developers was held here on May 20 to discuss an action plan for "stuck up" housing projects in the region. During the meeting, some of the bankers also expressed their concern over the region's "declining feasibility" in terms of investment in future, an official, who attended the meeting, told PTI on condition of anonymity. "A lot of housing projects in Noida, Greater Noida have been stuck for a long time. Home buyers in many projects which have been delivered are awaiting registry of the homes for a long time," the official said. "The logjam largely is due to builders not clearing the dues that owe towards the local authorities because of which the whole process for registry of individual homes

Noida emerges as hub of hawala deals in the guise of CSR in last few months

Several hawala rackets for laundering black money have been unearthed in Noida in the last few months. The business that is thriving in Noida, has made it a hub of hawala deals

Noida Police rounds up 135 history-sheeters in overnight raids: Official

The Noida Police on Thursday rounded up 135 history-sheeters and anti-social elements in a major operation to check criminal activities in the region, a senior officer said. Those rounded up were let off by the police in the morning after a detailed verification of their current whereabouts, financial sources, and professions, they said. The raids started around 11 pm on Wednesday and continued overnight despite intense rains and thundering in the early hours of Thursday, he said. History-sheeters are repeat offenders involved in serious crimes such as murder, attempted murder, robbery and kidnapping and are regularly monitored by the police, Additional Deputy Commissioner of Police (Noida) Shakti Mohan Avasthy said. "There are a total of 120 history sheeters listed in the nine police station areas of Noida in Gautam Buddha Nagar district," Avasthy said. "During the police operation 135 history sheeters and anti-social elements were rounded up for verification. More than two-third

Realty firm Group 108 signs MoU to invest Rs 2,000 crore in Noida

Realty firm Group 108 on Wednesday said it has proposed to invest Rs 2,000 crore to develop new projects in Noida and Greater Noida as part of its expansion plan. The company, earlier part of Bhutani Group and now re-branded as Group 108, is currently developing a 40 lakh square feet commercial project 'Grandthum' in Greater Noida (West). "We have signed a memorandum of understanding (MoU) at UP investment summit to invest Rs 2000 crore in the development of real estate projects," Group 108 MD Amish Bhutani told reporters here. He said the company is in talks with landowners to buy land for development of commercial and residential projects at Noida and Greater Noida. Bhutani said the ongoing commercial project, spread over 23 acres, will get completed by March 2024. This project has a total built-up area of 40 lakh square feet and saleable area of 32 lakh square feet. The company has already sold 25 lakh square feet of space. "We have invested around Rs 400 crore on this project

Apparel exporters in Tiruppur, Noida, to shut down for 10-15 days a month

As orders dry up, exporters in Tiruppur and Noida have decided to shut down for a few days every month but haven't decided to lay off yet

58,685 challans issued during traffic campaign in Noida, 1K vehicles seized

A total of 58,685 challans -- an average of over 3,900 daily -- were issued for violation of traffic rules in Noida and Greater Noida during a 15-day campaign, according to data. Police also seized nearly 1,000 vehicles during the drive. Launched on April 28, the 'Discipline of the Road 1' campaign focused particularly on checking wrong-lane driving and illegal parking, among other violations, a senior official said. According to the official data, 58,685 challans were issued during the campaign period. Of these, 7,792 were for wrong-lane driving/riding and 14,430 for parking violations. The traffic police towed 1,128 vehicles while 996 were impounded for violations even as FIRs were lodged in five cases during the fortnight, the data showed. The total penalty amount from challans during the campaign was Rs 4,91,600 (Rs 4.91 lakh), according to the official figures. Deputy Commissioner of Police (Traffic) Anil Kumar Yadav said the campaign has been effective and learnings from it

Ekka Electronics to invest Rs 1,000 cr in 3 yrs to set up facility in Noida

Consumer electronics company Ekka Electronics on Wednesday said will investing Rs 1,000 crore to set up a factory in Noida, Uttar Pradesh and enter into the manufacturing of products such as washing machines, smart watches, hearables and TWS (true wireless stereo). The Noida plant, in which the company would invest Rs 400 crore by July this year on the acquisition of land, equipment, construction of the facility etc., will house a complete backward integration and in-house design and manufacturing solutions, said its director Sagar Gupta. The plant will manufacture TV and other products such as washing machines, smart watches, hearables and TWS. At present, the company has a setup at Sonipat, Haryana for manufacturing of LED TVs up to 43 inch screen size and set-top-boxes. "In the new plant, we would manufacture LED TVs from screen size of 43 inches to 90 inches, which is currently based on imported components and assembling. We are planning to manufacture those imported components

IT firm Coforge FY23 revenue up 24.6% at Rs 8,014.6 cr, profit grows 4.6%

Noida-based company's board recommended an interim dividend of Rs 19 per share

Rs 1,000 cr in 2023-24 budget for land acquisition for 'New Noida'

The Noida Authority on Sunday said it has earmarked Rs 1,000 crore for acquisition of land for area which would be known as 'New Noida'. The authority also made a provision of Rs 500 crore for land acquisition in the existing Noida area, while it set aside Rs 1,906 crore for infrastructure and development work, it said in a statement. The announcements were made after the 209th Board Meeting of the Noida Authority held in presence of UP Industrial and Infrastructure Development Commissioner Manoj Kumar Singh. The Noida Authority Board approved a budget of Rs 6,920 crore for 2023-24 during the meeting, also attended by Authority CEO Ritu Maheshwari. "A target of Rs 8,920 crore in revenue and Rs 6,503 crore in expenditures has been set by the Noida Authority Board for the financial year 2023-24," the Authority said in the statement. "For the financial year 2022-23, the authority's target of revenue was Rs 4,880.62 crore and expenditure target of Rs 4,579 crore (108 per cent more tha

Noida Covid update: New guidelines issued amid spike in active Covid cases

Gautam Budh Nagar Health's new Covid guidelines, which come amid a surge in active cases in Noida and Greater Noida, call for wearing masks and practising social distancing

Wear face masks, WFH if cough, flu: Noida health dept's Covid guidelines

Amid a rise in Covid cases, the Gautam Buddh Nagar Health Department on Thursday issued a set of recommendations that includes practising social distancing and use of face masks at offices, schools, colleges, and cinema halls, among other public places. For workplaces, the guidelines recommend the use of sanitisers, proper cleaning of offices, thermal temperature scanners at office entries, and work-from-home option for employees showing signs of cold, cough, fever, and flu and suggested Covid test for them. The guidelines came as Gautam Buddh Nagar, adjoining Delhi, registered 114 more positive cases of Covid on Thursday, pushing the tally of active patients across Noida and Greater Noida to 396 -- the highest so far this year, according to official data. As of date, of the total, only 15 Covid patients are hospitalised while 69 have recovered since Wednesday. The total samples taken for testing since Wednesday were 1,727, the data showed. "A rise in cases of Covid has been noted

Another bid to resurrect Rs 10,000-crore Noida Film City project

Yogi 2.0 likely to sweeten incentives to woo investors

No entry for heavy vehicles on Noida expressway from 7 am to 10 pm

Currently, heavy vehicles travel through the expressway from 11 am to 5 pm