The CBI registered three FIRs against Logix Infrastructure, Xanadu Estates, and Lotus Green Constructions for alleged land allotment irregularities in Noida’s Sports City projects (2011-2017), causing ₹9,000 crore loss. Initiating action per Allahabad High Court orders, raids were conducted, uncovering collusion between developers and officials. The scam involved underpriced land, unauthorized...
Noida homebuyers face increased EMIs due to delayed apartment registrations. Banks are charging an additional 2% interest because of unresolved issues between the Noida Authority and developers.