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Propmyna Khabri
posted on 14 AprNoida Authority Cracks Down on Defaulting Builders
Noida mein property lene ka plan hai kya? Then listen up! Noida Authority abhi defaulting builders pe sakht action le rahi hai. Apparently, kai builders UP's Stalled Legacy Housing Projects Policy ke under concessions milne ke baad bhi payments mein gadbad kar rahe the. Authority ne interest waivers withdraw kar diye hain aur compliance audits shuru kar di hain. Yeh news kaafi important hai un buyers ke liye jinke projects atke hue hain. Hopefully, isse projects jaldi complete honge. Lekin, aap logon ko kya lagta hai? Will this crackdown actually help finish projects faster, ya phir isse property prices aur badh jayenge? Let me know in the comments!
#Noida#fraud#legal#government-policy
Comments
Overall, I think this is a positive step. But we need to wait and see if it actually translates into faster project completion. Don't get your hopes up too high.
So what's the next step? Will the Authority release a list of defaulting builders or something?
Builder ne phir se date extend kar diya lol. Same old story.
Be careful — this builder has 3 delayed projects. Research before investing your hard-earned money!
I think this crackdown is a good thing in the long run. It will force builders to be more accountable.
The new metro line is definitely boosting property values in Noida. Time to invest before prices go even higher.
Sector 44 mein rate kya chal raha hai aajkal? Any idea?
Mera experience toh bahut kharab raha hai Noida mein. Promised amenities were never delivered. Check amenities completion before booking, I made that mistake.
RERA registration number check karna important hai. Don't trust builders blindly.
I'm an NRI looking to invest. Is it a good time to buy in Noida considering all this uncertainty?
As an NRI, you have to be extra careful. Do thorough due diligence. Get a good lawyer.
Possession mila kya kisi ko recently in Noida Extension?
I know someone who got possession in Gaur City a few months back. But it was a struggle.
Bhai, this news is a double-edged sword. On one hand, projects might get completed. On the other hand, builders will pass the cost on to buyers.
Exactly my fear! We're already paying EMIs for a house we don't have. Aur kitna burden?
Anyone has any info on Amrapali projects? Are they included in this crackdown?
Amrapali is a special case. The Supreme Court is overseeing those projects now. Noida Authority's actions might not directly impact them.
Sector 150 mein kya scene hai? I'm planning to invest there. Any recommendations for good builders?
Sector 150 is good, but prices are quite high. Check out Godrej and Tata. They seem relatively reliable.
I bought a flat in Sector 78 two years ago. Still waiting for possession. Builder keeps giving excuses. Anyone else facing similar issues in that area?
Sector 78 is notorious for delays. Which builder are you with?
U10, I know someone who bought in Sector 75. Same story. Endless delays.
UP's Stalled Legacy Housing Projects Policy? What's that exactly? Koi explain karega?
Basically, the government offered builders some incentives to complete stalled projects. Things like reduced interest on dues, etc.
Will this really help? I'm skeptical. Pehle bhi toh bahut kuch hua hai, ground reality mein kuch change nahi hota.
Exactly! Just jumla after jumla. I'll believe it when I see the towers finished and people moving in.
Good news for buyers like me stuck in Jaypee Greens. My project is delayed by 5 years already! I hope Noida Authority sticks to its guns this time.
5 years? Bhai, that's insane! Did you file a complaint with RERA?
U4, Jaypee Greens is a mess. My friend invested there and is still waiting. Best of luck!
Property prices aur badh jayenge? Definitely! Supply kam ho jayegi, aur demand toh Noida mein hamesha high rehti hai.
But if builders go bankrupt, won't there be a fire sale? Maybe prices will drop then?
True that. Especially with the new Jewar airport coming up, prices will only go up. Abhi time hai invest karne ka.
Finally some action! These builders think they can get away with anything. Dekhte hain, kitna dum hai Authority mein.