Allahabad HC dismisses writ petition challenging Great Value Realty project in Noida
The Allahabad High Court has cleared the path for Great Value Realty's ultra-luxury Ekanam project in Noida, dismissing a challenge against additional floor area ratio (FAR). The ruling allows the developer to proceed with the 4-acre, Rs 3,000 cro...
The ruling paves the way for the developer to executive the project spread across 4 acres near the Noida–Greater Noida Expressway, with a revenue potential of Rs 3,000 crore.
In November 2025, the Uttar Pradesh government had set aside objections raised by the Great Value Sharanam Apartment Owners Association on the grant of additional FAR allowing the builder to develop 2 million square feet.
The builder had acquired the 20-acre land in 2010 and launched and delivered projects on 16 acres while keeping 4 acres for future expansion.
It recently launched the project, comprising 280 ultra-luxury 3-bedroom and 4-bedroom residences, ranging from 3,525-5,525 sq ft, across three 46-storey towers.
“With the legal position now settled beyond doubt, our focus turns entirely to delivery,” said Payas Agarwal, director, Great Value Realty.
The court found beyond dispute that the land on which Ekanam is being developed has been disclosed as a future development area since the project's inception in 2010.
“The present case does not involve encroachment upon parks, open spaces or common facilities; nor does it involve clandestine alteration of the project contrary to representations made to purchasers. The land in question was consistently disclosed as earmarked for future development,” the order said. “The competent planning authority, after inviting objections, verifying consents and assessing compliance with applicable regulations, has sanctioned the additional FAR. A substantial majority of allottees support the proposal, while no consenting allottee has sought withdrawal or cancellation of his consent.”
Homebuyers, the high court held, purchased with full knowledge of this reservation. Noida Authority’s independent, signature-by-signature verification confirmed 978 valid homebuyer consents, clearing the majority standard settled by the high court's own division bench.
The high court further recorded that the Noida Authority acted transparently throughout the process of purchasing FAR before granting the sanction.
When the developer was planning to launch a luxury residential project on the remaining 4 acres, some owners of the society moved the Allahabad High Court, raising objections to the proposed development.
The high court directed the State Revisional Authority to decide the issue after hearing all stakeholders.
The developer will invest more than Rs 1,600 crore, including the land cost, approval cost and cost of construction.
The apartment owners association had challenged the orders issued by the Noida Authority in 2024 and 2025, claiming that the additional FAR was granted illegally without proper consent of apartment owners.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.