New Delhi: A meeting of the Noida housing authority is scheduled for April 9 which may decide the fate of over 40 thousand flat buyers in Noida, as per a newspaper report.
A report within the Hindustan stated that amongst a number of issues on the dialogue desk, the Noida authority will even deliberate on subject concerning excellent dues of land to be paid by the builders to the authority.
It may be recalled that in June 2020, the Supreme Court capped the speed of curiosity at 8 % to be charged by authorities on the excellent dues of land in opposition to the exorbitant 15 to 23 %. The prime court docket stated contemplating the present state of actual property sector, the initiatives have come to a standstill and the sector wants to be given impetus primarily contemplating plight of house buyers.
A bench of Justices Arun Mishra and U U Lalit had directed the Noida and Greater Noida authorities to restructure the dues of actual property corporations contemplating the present state of sector as out of the 114 plots given in 2005, most of the initiatives are incomplete.
The Noida flat registry deadlock, if and when resolved, will be a a lot wanted reduction for Noida flat buyers who’re dealing with the impression of Covid-19.
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