Curated By: Business Desk
Last Updated: February 28, 2024, 17:22 IST
Seven builders have made deposits value Rs 30 crore.
The Noida Authority will start the registration of those residences within the coming days by establishing Chaupal in each sector.
This Holi, residents of Delhi-NCR have extra to rejoice than simply the competition. 7000 individuals will obtain possession rights of flats from Noida Authority underneath the directives of the Yogi Adityanath authorities. Additionally, cash has been deposited within the Noida Authority by the builders of 9 out of the fifty-seven initiatives in Noida.
Beginning on March 1, these residences shall be registered. It is to be famous that the Noida Authority will start the registration of those residences within the coming days by establishing Chaupal in each sector. 1 / 4 of the due quantity has been agreed to be deposited by 37 builders, in keeping with the Noida Authority.
The UP Cabinet not too long ago permitted the Amitabh Kant Committee’s suggestions. Since then, the Noida Authority and builders have been in fixed communication. The Amitabh Kant Committee granted the builders the advantage of a zero interval, citing the interval from April 1, 2020, to March 31, 2022, because the COVID-19 interval.
A complete of 37 builders have accepted the committee’s suggestion up to now. Seven of those builders have additionally made deposits totalling Rs 30 crore ( 25% of the full).
However, in keeping with the Noida Authority, roughly 20 builders haven’t but granted their consent. There are 57 initiatives in whole, in keeping with authority officers, over which there isn’t a disagreement in any respect. Despite this, the builders haven’t paid the Noida Authority round Rs 8,000 crore. Twenty builders haven’t responded although 37 builders have granted their consent. Noida Authority is in fixed contact with these 20 builders.
The registry of 9 initiatives of the 7 builders who’ve given Rs 30 crore to the authority goes to start out. Flat homeowners of IITMal Nimbus Hyde Park, Prateek Fedora, Apex Athena, Gulshan Homes, Express Builder, AIIMS Promoter Limited, Divine Meadows, Capital Infra and Holder Homes will now be capable to get their homes registered from March 1.
To tackle the matter, the Uttar Pradesh authorities issued an order final month directing the implementation of the Amitabh Kant committee’s suggestions with a couple of modifications. The committee was established by the Union Ministry of Housing and Urban Affairs to supply options for these sorts of stalled legacy initiatives.
