NOIDA FLAT REGISTRATION
Noida Authority raises land allotment prices by 6 per cent in latest board meeting
The Noida Authority has announced a notable six per cent increase in land allotment prices for the fiscal year 2024-25 following its 214th board meeting. Chaired by UP Chief Secretary Manoj Kumar Singh, the meeting saw adjustments impacting rates for group housing, institutional, and industrial sectors. Residential plot prices have also risen by six per cent, except in the A+ category where prices remain unchanged. The board addressed critical issues including stalled project resolutions and adopted policies to revive projects, benefiting home-buyers and developers alike.
FIR filed against Noida builder after buyers complain of flat sizes being too small
As per the complainants, the 423 flats sold in Prateek Edifice were 10-12% smaller than what they had been charged for. They claimed construction was also done beyond the sanctioned plan without their consent.
Noida: What's pushing flat rates as city goes luxury from affordable
Noida and Greater Noida have become premium real estate hotspots in the last five years, with significant price appreciation and increased demand for luxury properties. The average apartment price has risen from Rs 1.24 crore in 2022 to Rs 1.68 crore in 2023, with a notable surge in sales of apartments priced at Rs 3.5 crore and above. Infrastructure development, completion of stalled projects, and policy changes are key drivers of this transformation.
Legacy stalled projects: 20 of 57 builders have paid 25 per cent dues, says Noida Authority
Pending registries and delayed possession of flats are pressing issues in Noida and Greater Noida for a long time, with the UP government also pushing for resolution of homebuyers' woes in line with the recommendations of the Amitabh Kant panel on stalled projects.
More than 1400 Amrapali homebuyers will have their flats cancelled if they don’t do this within 30 days; Check full list here
Amrapali homebuyers: According to an advertisement in the Times of India dated April 22, 2024, “In furtherance to repeated notice issued regarding handover, below is the list of home buyers who have not yet taken handing over key of their unit from NBCC (as on 22.04. 2024), are hereby given the last opportunity to take key handover within 30 days failure to do so the respective unit will be deemed cancelled. NO further request in this regard will be entertained.”
32,000 flats in Noida still awaiting registry despite UP govt's special package
32,000 Noida apartments await registration. 14 projects opt for rehab. Builders pay dues, 4,000 flats set for boost. Authority registers 500 units, raising revenue.
NCLAT rejects homebuyers' plea for insolvency against Ansal Hi-tech Township
NCLAT annulled insolvency plea against Ansal Hi-tech Township Ltd in Greater Noida, upholding NCLT's decision on insufficient criteria. Multiple entities like RERA Act, promoter, and threshold limit were vital in the ruling.
Noida authority to set up camp for regstration of flats today, eyes registry of over 13,700 flats in long run
A camp in Noida will register flats of legacy stalled projects. The relief package includes a waiver of interest. It aims to provide relief to affected buyers and ensure the completion of pending registrations. The camp will address the issues faced by homebuyers of stalled projects.
Over 2 lakh homebuyers set to benefit as UP government approves Amitabh Kant’s committee recommendations
UP cabinet on Tuesday gave approval to the recommendations submitted by the Amitabh Kant committee which was formed by the central government to examine the issues related to legacy stalled real estate projects.
Builders in Greater Noida get three months deadline to complete projects, registries and address maintenance issues
Builders in Greater Noida have until March 2024 to complete pending residential projects and registries, as well as address maintenance issues, according to a joint committee formed by the Greater Noida Industrial Development Authority (GNIDA). The committee also instructed builders to resolve concerns raised by homebuyers regarding malfunctioning lifts, illegal structures, and pending registries.
UP government has a 'zero' plan to revive stalled projects in Noida, Greater Noida
The Uttar Pradesh government is considering a rehabilitation package for stalled real estate projects to assist homebuyers. The package, based on recommendations by an expert committee, includes granting a four-year 'zero period' to developers, allowing collaboration between the original allottee and a co-developer, and waiving interest payments and penalties on default.
Good news for stuck home buyers in Noida, Ghaziabad: Rera has a big plan to get things moving
Rera in Uttar Pradesh is taking steps to address delays in stuck projects. Rera will conduct separate meetings with builders, buyers, and banks to expedite these projects. There are 18 stalled projects in the state, with a total of 10,000 housing units, that are supposed to be completed under Rera's rehabilitation clause.
Here is how Noida, Greater Noida's authorities plan to restart registeries, complete unfinished projects
The Noida and Greater Noida authorities have introduced a six-point plan to address issues in group housing projects. The plan includes measures such as potential cancellation of plot allotments for stalled projects, joint development for incomplete projects, and project surrender for non-compliant projects. Financial aspects will be addressed by rescheduling overdue payments and simplifying the process of executing sub-lease deeds.
Ray of hope for 20,000 homebuyers as work begins in Jaypee Infra's 'ghost town' in Noida
For nearly 20,000 Jaypee Infratech Limited (JIL) homebuyers, who have been waiting for the hand over of their flats for more than 13 years, a ray of hope has emerged as the work on at least 59 unfinished towers in the erstwhile 'ghost town' begins to speed up.
Govt weighs flats' registration even if developer insolvent
The Indian government is considering amending insolvency code to allow the registration of flats in completed projects, even if the developer is undergoing insolvency resolution. Explicitly allowing flat transfer and registration could reduce resolution professionals' discretion in the matter, according to experts. The proposed amendment is expected to provide relief to thousands of homebuyers affected by stalled housing projects.
Blinkit strike: Zomato-owned company tells riders it is shutting some Delhi-NCR stores permanently
Blinkit riders across some stores in Gurgaon and in some Delhi-based stores said that they had received a message on the Blinkit delivery partner app, which says that specific stores are being shut permanently because no work has been happening in them since the last 3-4 days.
UP RERA authorises developer to complete stuck project, to monitor construction
Elegant Splendour project has two phases in which ‘Phase 1’ comprises of towers E, F and G towers and ‘Phase 3’ comprises towers A, B, C, D and H towers. The project was registered in UP RERA in August 2017 but could not be completed within the period of valid registration. The registration of Phase 1 and Phase 3 lapsed on September 3, 2019 and August 22, 2022 respectively.
Give management of Amrapali Group to UP govt if financial issues not resolved: Court receiver to SC
Advocates ML Lahoty and Anchit Sripat, appearing for home buyers, said though the NBCC, which was entrusted by the court the task to complete the stalled projects of the Amrapali Group of Companies in 2019, has completed around 3000 flats their possession cannot be handed over to the buyers for want of power and water connections.
'Our priority is Amrapali home buyers get their flats and their claims': SC
A bench of Justices UU Lalit and Bela M Trivedi indicated the sequence of priority to be considered by the court and said that at first, it would endeavour that every Amrapali Group home buyers get their homes and then their claim as the case may be.
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