The Noida Authority has escalated its action against two major developers, TGB Infrastructure Private Limited and Kindle Infraheights Private Limited, requesting the Economic Offences Wing (EOW) of Delhi Police to investigate alleged defaults on housing land payments amounting to Rs 471.95 crore. The move aims to determine whether funds collected from homebuyers have been diverted, signalling growing scrutiny of accountability in the city’s residential real estate sector.
The Noida Authority issued a final notice to all developers on 21 December 2023, providing them an opportunity to settle outstanding dues. Officials highlighted that despite repeated reminders, both TGB Infrastructure, responsible for a project in Sector 50, and Kindle Infraheights, operating in Sector 143 along the Noida-Greater Noida Expressway, have failed to remit payments. “We have formally requested the EOW to probe these two developers as they have defaulted on their dues despite multiple notices. Funds collected from homebuyers have not been paid to the Authority, and this step aims to recover our revenue,” said the CEO of Noida Authority, speaking on the matter. TGB Infrastructure was allotted 12,750 square metres in Sector 50 in 2008, with outstanding land costs totalling approximately Rs 75.59 crore as of November 2025. Kindle Infraheights, allotted 50,000 square metres in Sector 143 in 2011, has yet to pay Rs 396.36 crore. Attempts to contact representatives of both firms for comment were unsuccessful. Industry experts note that such defaulters highlight structural gaps in enforcement and regulatory oversight. “Delayed payments from developers not only affect civic revenue but can also slow infrastructure and service delivery in new residential areas,” a real estate analyst said.
The Noida Authority’s finance department reports that more than 100 developers collectively owe around Rs 34,000 crore in land cost dues. Despite issuing recovery certificates and attaching developer assets, the Authority has recovered limited funds, prompting escalation to the EOW. Officials confirmed that investigations have already been initiated for 12 other projects facing similar default issues. The request for EOW intervention underscores the growing emphasis on financial transparency and responsible governance in India’s urban housing markets. Analysts suggest that stricter enforcement mechanisms could deter future defaults and protect both civic resources and homebuyer interests, ultimately contributing to more sustainable urban development.
As the city continues to expand, the Noida Authority’s actions could set a precedent for stricter compliance in the real estate sector, ensuring that developers uphold their financial commitments and that housing projects progress in alignment with regulatory standards.
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