The Morpheus Group launched the Morpheus Pratiksha project in Sector 1, Greater Noida, offering 2, 3, and 4 BHK apartments. The project spans 10 acres and includes 1456 units across 12 towers.
Shalinee Tripathi filed a complaint against M/s Morpheus Developers Pvt. Ltd. regarding the Morpheus Pratiksha project in Sector-1, Greater Noida, seeking a refund of approximately Rs. 29,91737, which was disbursed and received by the Developer to PNB Housing finance limited, along with other compensation.
In a National Company Law Appellate Tribunal (NCLAT) hearing, Morpheus agreed to offer possession of towers after obtaining the Occupancy Certificate (OC) from the Greater Noida Authority and not increase the super area at the time of possession unless specified in the BBA. Morpheus will offer an exit option with a refund at MCLR +1% interest for Phase-2 buyers who cannot be accommodated in Phase-1 or do not wish to transfer their bookings, with refunds paid between June 30, 2020, and December 31, 2020.
Dua Associates advised SBI Ventures Limited's SWAMIH Investment Fund-I on its ₹399.5 crore funding of SRK Buildwell Private Limited for the residential development Project Morpheus Pratiksha, which will be rebranded as Project Nirala Grand, located in Sector 1, Greater Noida, Uttar Pradesh. The transaction, completed in late November 2025, aims to revive the stalled, RERA-registered project and aligns with SWAMIH Investment Fund-I's mission of delivering approximately 20,000 homes annually.
The Supreme Court dismissed appeals by the former directors of real estate firms, including Satinder Singh Bhasin, upholding insolvency proceedings initiated by allottees of 103 units, as the developers failed to deliver functional units and misled the court on the project's completion. The case originated from a 2021 petition by 141 allottees of the Grand Venezia Commercial Tower in Greater Noida, alleging unfulfilled promises and lack of necessary certifications.
Sector 1, Greater Noida, comes up early as you enter the city from the Noida side. Prices here are still on the lower end compared to central Noida. The nearest metro access is through the Aqua Line, and road links towards Noida and Delhi remain the main way people get around daily.
Insights based on nearby schools, healthcare, connectivity, workplaces and everyday infrastructure.
Day-to-day family routines can feel easier here with schools and healthcare facilities close by. Access to nearby essentials and open spaces can also help reduce travel time for everyday activities.
Strong connectivity through key transport routes can improve accessibility and may strengthen long-term demand for the location.
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (regulation & development) act 2016.
