Real Estate
Noida airport nearly ready but survey finds 94% business plots along Yamuna expressway unused
As UP races to complete Noida International Airport, a govt survey has found that much of the industrial land allotted along Yamuna Expressway touted as the next big growth corridor — is unused, stalling the region’s industrial promise just months before the airport’s launch.
According to the ongoing Invest UP survey initiated earlier this year on the orders of chief minister Yogi Adityanath over 8,200 out of 33,493 industrial plots reviewed across the state are lying vacant. The situation is most acute in the Yamuna Expressway Industrial Development Authority region, where 94% of the 3,476 plots are yet to see any development. Only eight plots are operational, while 198 are under construction and six are non-functional.
Most of these plots were allotted years ago, but allottees have neither begun construction nor started operations. “We have issued notices, warning that plots may be cancelled if there is no progress,” an official said.
This stands in stark contrast to, where industrial occupancy is robust. Of 7,742 plots surveyed, 5,308 are operational and only 497 remain vacant the lowest vacancy rate among all the state’s industrial authorities.
“Noida’s mature ecosystem and sustained investor interest in sectors such as electronics, IT, textiles, and engineering have kept the region vibrant,” said a senior Noida Authority official.
Greater Noida, which has developed as an extension of Noida’s industrial base, shows a moderate vacancy rate. Of 2,677 plots, 416 (16%) are vacant, with the rest split between operational, under-construction, and non-functional units. Officials attributed the slower pace to land acquisition hurdles and ongoing litigation, which have delayed several projects.
The survey, now 77% complete, is being conducted by Invest UP in partnership with Ramtek Software Private Limited. Using the Nivesh Mitra single-window platform, teams are collecting GPS-tagged photographs and verified data on allottees, including GST and MSME registration details. The goal is to create a real-time, transparent database that will guide planning and streamline industrial land allotments.
Statewide, the survey paints a picture of uneven industrial land utilisation — 51% of plots are operational, 15% are non-functional, and 25% remain vacant. Under the UP State Industrial Development Authority (UPSIDA), which manages the largest network, 20% of the 18,362 surveyed plots are vacant.
Officials said the survey’s findings would soon lead to a state-wide reallocation drive. “We are preparing to cancel plots that have remained idle for long and reclaim underutilised land for new industries, especially as UP pursues its one-trillion dollar economy goal,” said an official.
The urgency is heightened by the completion of the international airport, along with other major projects like Film City and a proposed semiconductor manufacturing hub. Demand for industrial land in the region is rising sharply, but the large number of idle plots threatens to undermine the region’s potential. “With the airport set to open soon, it is crucial that we unlock these plots for active use,” a senior YEIDA official noted.
Past allotments also have a role to play in the current situation. Many plots were distributed in anticipation of rapid industrialisation, but delays in infrastructure, legal disputes, and lack of follow-up led to stagnation. “We have seen cases where allottees simply sat on the land, waiting for prices to rise,” said a local industrialist.
The survey has also identified 6,324 acres of ready-to-use industrial land and 25,476 acres of greenfield land available for allotment across the state. YEIDA alone holds 633 acres of greenfield plots, while Greater Noida and Noida have 103 and 10 acres of land, respectively.
Real Estate
UP RERA lifts curbs on 7,700 apartments in Noida, Ghaziabad in relief for homebuyers
The statutory real estate regulator for Uttar Pradesh has removed 12 projects in Noida and Ghaziabad from its ‘Abeyance’ list, paving the way for work to resume on more than 7,700 apartments across the two cities, officials said on Tuesday.
The lifting of curbs on these projects, some of which have been stalled for more than a decade, provides significant relief to buyers waiting for builders to deliver their homes.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) describes ‘Abeyance Projects’ as those in which “promoters have failed to upload key documents such as land records and approved maps on the UP RERA portal”. It cautions homebuyers against committing to projects in the UP RERA Abeyance list.
In all, curbs have been lifted on 5,663 units in six projects in Noida and 2,062 units in six projects in Ghaziabad, officials said (Representative image/File Photo)
The statutory real estate regulator for Uttar Pradesh has removed 12 projects in Noida and Ghaziabad from its ‘Abeyance’ list, paving the way for work to resume on more than 7,700 apartments across the two cities, officials said on Tuesday.
The lifting of curbs on these projects, some of which have been stalled for more than a decade, provides significant relief to buyers waiting for builders to deliver their homes.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) describes ‘Abeyance Projects’ as those in which “promoters have failed to upload key documents such as land records and approved maps on the UP RERA portal”. It cautions homebuyers against committing to projects in the UP RERA Abeyance list. Story continues below this ad
Among the projects removed from Abeyance are Jaypee Greens Garden Isles and Jaypee Greens The Orchards, with 3,284 and 1,265 units respectively, in Jaypee’s Wish Town project along the Noida-Greater Noida Expressway.
Also removed from the list are Winsten Park and Galactic City-Universal Tower in Greater Noida West, Grandprix Mega Suites in Greater Noida, and Greenbay Golf Homes on the Yamuna Expressway in Greater Noida.
In all, curbs have been lifted on 5,663 units in six projects in Noida and 2,062 units in six projects in Ghaziabad, officials said. Work on some of these projects have been stalled since 2014 or 2016, officials said.
“This paves the way for timely completion of housing units and enables buyers to receive ownership of their homes sooner. Promoters who have now submitted all required documents can begin work on their projects in compliance with RERA regulations,” an official said.
UP RERA chairman Sanjay Bhoosreddy said that the objective of RERA was to establish transparency and trust in the real estate sector. “The decision to remove projects which have completed all necessary documentation from the Abeyance list is an important step in this direction. This will not only provide relief to homebuyers but also infuse fresh energy into the state’s economy.”
Officials said the Abeyance list was created in August 2024 to force compliance by developers who had failed to upload documents such as land records, approved maps, and inventory details on the RERA portal despite repeated notices.
“The aim was to provide homebuyers and the general public with clear and accurate information about the status of such projects, enabling them to make well-informed and secure investment decisions,” the official quoted above said.
“We had been issuing notices to the builders but to no avail. So we decided to put them into an Abeyance list for buyers to see and understand that the status of the projects was not clear and consider it as doubtful. Most of the promoters had said that due to technical reasons and lack of time in the initial phase, they could not provide complete details. Considering this situation, RERA had provided promoters with the facility to edit and update their project information on the portal,” the official said.
UP RERA was established in October 2016 after Parliament passed the Real Estate (Regulation and Development) Act, 2016 for the regulation and promotion of the real estate sector, to protect the interest of consumers, and to establish an adjudicating mechanism for speedy dispute redressal.
Ashish Mohan Gupta, president of the Jaypee Infratech Ltd (JIL) Real Estate Allottees Welfare Society said the removal of Garden Isles and The Orchards from the Abeyance list was a “positive development”.
“However, the flip side is that the plan approvals by the Authority for both projects have only been revalidated until 31-12-2025 as updated on the website of UP RERA. We still need to verify the validity of their UP RERA registrations, as banks do not disburse home loans without a valid registration,” Gupta said.
He added that “Several projects still remain on the Abeyance list, namely Sunnyvale, Tanishq Square, and Wishpoint. It remains unclear why Suraksha Realty [which took over Jaypee Infratech following insolvency proceedings] has not been able to secure revalidation for these projects in an expeditious manner.”