Supreme Court Gives Great Value Realty's Ekanam Project the Final Green Light

Here's a legal tangle that's been quietly playing out in the background of one of Noida's most talked-about luxury launches — and it just reached its final chapter. On September 22, 2026, the Supreme Court dismissed a petition challenging the additional Floor Area Ratio (FAR) granted to Great Value Realty's ultra-luxury project, Ekanam, in Sector 107, Noida. If you're tracking Noida's luxury real estate market, or you're a resident of Sector 107 wondering what this means for your neighbourhood, here's the full picture.

What Exactly Did the Supreme Court Rule?

The case was brought by the Great Value Sharanam Apartment Owners Association (AoA) — essentially, the residents' body of Great Value Sharanam, an existing project by the same developer, also in Sector 107. They filed a Special Leave Petition (SLP) challenging the Noida Authority's decision to sanction additional FAR for the neighbouring Ekanam project.

The Supreme Court heard both sides and recorded that it was "not inclined to interfere" with the Allahabad High Court's earlier judgment, and dismissed the SLP outright. In practical terms, that means the High Court's ruling stands, the Noida Authority's approval remains valid, and the matter is now closed.

How Did We Get Here?

This dispute didn't start at the Supreme Court — it worked its way up. The Sharanam AoA had originally filed a writ petition in the Allahabad High Court, contesting the additional FAR sanctioned for Ekanam. The High Court dismissed that petition, calling it devoid of merit, and upheld both the Noida Authority's sanction and the subsequent revisional order passed by the State Government. Notably, the High Court's judgment pointed out that the Noida Authority had carried out a verification exercise before granting the approval — which weakened the argument that the process was arbitrary or improper.

Unsatisfied, the Sharanam AoA took the fight to the Supreme Court. And now, with the SLP dismissed, that road has run out.

What's the Ekanam Project All About?

Since this case revolves entirely around Ekanam, it's worth understanding what's actually being built. Ekanam is being developed on a roughly four-acre parcel in Sector 107, right off the Noida-Greater Noida Expressway. It's positioned as an ultra-luxury development — three 46-storey towers built around a central lake, with sky gardens, cascading green terraces, and what's being billed as Noida's highest infinity pool, sitting on the 40th floor.

The project offers 3 and 4 BHK residences ranging from roughly 3,525 to 5,525 square feet, with prices starting around ₹7 crore and going up to ₹12 crore. It's registered under RERA (UPRERAPRJ15109/2019), and construction execution has been handed to Capacit'e Infraprojects under a contract valued at roughly ₹445 crore, signed in April 2026. The project is also being designed for IGBC Green Building certification, with features like water conservation systems and natural ventilation baked into the plan. Global architecture firm Benoy handled the design.

A Bit About the Developer — Great Value Realty

If the name feels newer to you compared to NCR heavyweights, here's some useful context. Great Value Realty (GVR) is the real estate development arm of Great Value Group, a diversified business house that actually traces its roots back to 1970 — starting in the glassware industry before expanding into packaging, plastics, processed foods, IT services, and eventually real estate. GVR itself has been active in real estate development since 2009, led by Chairman & Managing Director Manoj Agarwal and Director Payas Agarwal.

Their existing portfolio in Sector 107 includes Sharanam — a large, already-delivered community spread across roughly 20 acres with 17 towers — along with Anandam, and other projects like Casa Uday, Sanctuary 105, Eternia in Greater Noida West, and High Life. They've also built the Jharkhand Bhavan in Vasant Kunj, Delhi, and the Great Value Mall in Aligarh. Ekanam is being positioned as their flagship luxury statement — reportedly their final residential launch on that particular Sector 107 land parcel.

Why the Sharanam Residents Objected in the First Place

While the court orders don't spell out every detail of the residents' grievance, disputes like this one typically center on density and infrastructure concerns — existing residents worried that additional FAR for a neighbouring project could mean more towers, more residents, and more strain on shared roads, water supply, and parking in an already-developing sector. It's a pattern that comes up often in NCR real estate, where established communities push back against approvals for newer, taller developments nearby.

What This Means Now

With the Supreme Court's dismissal, a few things are now settled:

• The additional FAR approval for Ekanam stands — there's no pending legal cloud over it anymore.
• Buyers who've booked units in Ekanam can move forward with more confidence, since the project's core regulatory approval has now survived scrutiny all the way to the Supreme Court.
• Great Value Realty can proceed with construction and delivery without this particular litigation hanging over the project's timeline.

Speaking after the order, Great Value Realty Director Payas Agarwal said the company welcomed the clarity the ruling brings and that it allows them to focus on the road ahead — while reiterating the developer's stated commitment to transparent stakeholder engagement.

Our Take

Cases like this are a useful reminder of how much regulatory groundwork sits underneath a glossy project brochure. Ekanam's ₹7-12 crore price tag and infinity-pool marketing might grab headlines, but its real foundation — legally speaking — was this FAR approval, which has now been tested and upheld at every level, from the Noida Authority to the State Government to the Allahabad High Court and finally the Supreme Court. For anyone evaluating a purchase in a project involving additional FAR, this case is a good example of why it's worth checking whether approvals have actually been legally contested — and, if so, how that contest was resolved — before signing on the dotted line.

Frequently Asked Questions

Q1: What did the Supreme Court rule on Great Value Realty's Ekanam project?
The Supreme Court dismissed a Special Leave Petition filed by the Great Value Sharanam Apartment Owners Association, refusing to interfere with the Allahabad High Court's judgment that upheld the additional FAR granted to Ekanam.

Q2: Who challenged the additional FAR for Ekanam?
The Great Value Sharanam Apartment Owners Association (AoA) — residents of Great Value Realty's existing Sharanam project, also located in Sector 107, Noida.

Q3: What is the Ekanam project?
Ekanam is an ultra-luxury residential project by Great Value Realty in Sector 107, Noida, featuring three 46-storey towers, 3 and 4 BHK homes, and amenities including a rooftop infinity pool and sky gardens.

Q4: Is Ekanam RERA registered?
Yes, the project is registered under RERA No. UPRERAPRJ15109/2019.

Q5: Does this ruling affect other Great Value Realty projects?
No — the case was specific to the additional FAR approval for Ekanam and doesn't directly impact the developer's other completed or ongoing projects.