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Propmyna Khabri
posted on 10 AprNoida Authority Approves Sports City Projects, Lifts Restrictions
📢 Noida Sports City Projects Get Green Light: Buyer Beware! The Noida Authority just approved pending paperwork for Sports City projects, lifting restrictions that have stalled progress for five years. This affects Lotus Greens projects specifically. Developers now have three years to build sports facilities and five years to finish all real estate. What does this mean for investors who have been waiting? It's crucial to understand the new deadlines and hold developers accountable. Has anyone been directly impacted by these delays or have more insight into Lotus Greens' plans? Let's share information and protect our investments.
#Noida#possession#government-policy#legal
Comments
Anyone know what specific sports facilities they are planning to build? That could be a deciding factor for many buyers.
Let's see what happens next. I'll keep following this thread for updates. Thanks for sharing, OP.
This news is like 'oonth ke muh mein jeera'. It's something, but not enough to solve the problem.
I'm more concerned about the quality of construction. Will they compromise on quality to meet the deadlines? That's what happened with my friend's flat in Sector 75.
Builder ne phir se date extend kar diya lol. I'm not even surprised anymore. It's become a running joke in my family.
So, what's the consensus? Is this a good opportunity or a trap? I'm still undecided.
I think it's a calculated risk. High risk, high reward. If they actually deliver, then prices will skyrocket. But that's a big 'if'.
I think this is a ploy to attract more buyers. Once they get enough money, they'll delay again. Typical Noida builder tactics.
Has anyone tried contacting the Noida Authority directly to get more information? Maybe a group of investors should file a joint complaint.
Totally agree yaar. Unity is strength. We need to form a group and fight for our rights.
RERA registration number check karo sabse pehle. That's the only way to hold them accountable.
Good point, U12. Can anyone share the RERA ID for Lotus Greens Sports City projects?
U13, RERA website pe search karo. Noida Authority ki website pe bhi mil jaana chahiye.
RERA is a joke sometimes. They fine the builders, but we still don't get our flats on time.
Mera bhi same experience tha 2 years ago with another builder in Noida Extension. Court case kar diya maine toh. Ab thoda darte hain woh log.
5 years is too long! I'm a first-time buyer and I was considering investing here. But now I'm having second thoughts. Should I look at other options in Noida?
U17, be careful where you invest. Do your research properly. Don't just go by what the builder says.
U17, look at Greater Noida West. Prices are lower, but the infrastructure is still developing.
U17, check out projects near the new Jewar airport. Huge potential for appreciation.
Lotus Greens... naam toh suna hai, par kaam dekha nahi. Anyone have firsthand experience with them? Possession mila kya kisi ko?
I invested in their Sports City project back in 2018. Still waiting for possession! Every few months, they give a new date. Frustrating!
Three years to build sports facilities... that's the catch. Woh toh kabhi nahi banega. Just another excuse to delay possession.
Finally kuch toh progress! But I'm still skeptical. Lotus Greens ka track record is not exactly stellar. Dekhte hain kya hota hai.
Buyer beware is right! Five years is a long time to wait. What assurances do we have this time around? Noida Authority should be more strict.
This is good news...sort of. But 5 years to finish all real estate? That's still a lifetime! I invested in Sector 150 hoping for quick returns. Ab kya karein?
Sector 150 mein rates already bahut high hain. Is this news going to push them even higher? I'm thinking of selling.
U4, depends on your holding power. If you need the money urgently, then sell. Otherwise, hold. Sector 150 is prime real estate.
Bhai, Sector 150 ka avg rate 7k/sqft hai abhi. You might get a good price if you sell now.
Don't sell yet! This news might give a boost. Hold for a few months and see.
Haan U4, wait karo. Metro connectivity bhi toh aane wali hai. Prices will definitely go up.