Noida Authority has approved a fresh urban redevelopment policy modelled on Mumbai’s transformation blueprint. The decision is expected to unlock prime inner-city land, particularly in older housing pockets, and drive vertical residential development while addressing long-standing housing distress for low-income residents.
The policy primarily targets dilapidated housing units originally allotted to the economically weaker section (EWS). These ageing structures—many of which pose safety risks—will now be demolished and replaced with modern, high-rise buildings. For the first phase, the authority has shortlisted four to five such buildings in visibly deteriorated condition. According to officials, when these units were first built, they were permitted a floor area ratio (FAR) of 1.5. Under the new policy, this has been increased to 3.5, unlocking significant vertical potential.
Developers will be invited to participate in the redevelopment through separate request for proposal (RFP) processes for each project. As per the framework, the chosen developer must construct larger and improved homes for the existing residents and provide interim accommodation during the reconstruction phase. In return, the builder will be allowed to monetise the additional constructed area by selling new units on the open market.This is an opportunity to repurpose valuable land in central Noida while improving the quality of life for existing occupants,” said a senior Noida Authority official. The policy is also seen as a tool to make redevelopment commercially viable, which has historically been a challenge due to cost pressures and buyers’ shifting preferences.
Real estate developers have responded positively, noting that this model could help reenergise stagnant housing corridors. “The inclusion of co-developers and increased FAR makes these projects more feasible and attractive to investors. It could also be a breakthrough for stuck projects and long-delayed buyer deliveries,” said an industry representative associated with CREDAI (Western UP).
The Authority has already extended its redevelopment approach by approving co-developers in five stalled real estate projects. This step is expected to benefit over 5,000 homebuyers who have been awaiting possession of their units for years. More broadly, around 190,000 housing units—worth nearly ₹1 lakh crore—are currently stuck across Noida, Greater Noida, and Ghaziabad. The policy shift could be pivotal in reducing this inventory backlog.Greater Noida remains one of the worst-affected zones, with over three dozen projects under insolvency proceedings. Simultaneously, developers owe nearly ₹40,000 crore in dues to various authorities in the region, including penalties, interest, and outstanding principal on land parcels.
Experts argue that this redevelopment model promotes not just economic rejuvenation but also social equity by ensuring vulnerable communities receive dignified housing. With upgraded infrastructure, more efficient land use, and sustainable design principles, Noida’s redevelopment policy is aligned with modern urban planning goals—emphasising compact cities, improved access, and environmental resilience.
Sectors like 27, 93, and 93A, located in the heart of Noida, are expected to be among the first beneficiaries of the new policy. If implemented efficiently and transparently, this initiative could redefine the city’s housing landscape and set a precedent for other rapidly growing urban centres in India.
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