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Propmyna Khabri
posted on 19 AprNoida Authority Prioritizes Project Delivery and Registry
Noida mein kuch toh chal raha hai! The Noida Authority is pushing builders to complete projects and get registries moving, even if they aren't getting all their dues upfront. This is meant to remove the "stalled project discount" that’s been hurting the Noida market. Basically, they're trying to unclog the system and make it easier to buy and sell property here. Will this move actually improve prices? Let's discuss; aap kya sochte hain?
#Noida#government-policy#rera#legal
Comments
Let's see how the Noida Authority actually implements this. Talk is cheap. Action speaks louder than words.
What's the next step? How do we track the progress of this initiative? Koi update milega kya?
I'm a tenant in Noida right now, considering buying. But I'm scared to invest because of all these stalled project stories. Should I take the plunge?
Do your research properly before investing. Check the builder's track record, RERA registration, and visit the site multiple times. Don't rush into anything.
If you can afford it, go for a ready-to-move-in property. It's safer than investing in an under-construction project.
So, what's the bottom line? Will this actually improve prices or not? I need a simple yes or no!
It's not a simple yes or no, bhai. It depends on the project, the builder, the location, and the overall market conditions. There are too many variables.
I think it will have a positive impact in the long run. But don't expect overnight miracles. The Noida market is still recovering from the past.
Mera experience toh bahut kharab raha hai with Jaypee Infratech. Never again! Stay away from those guys.
Possession mila kya kisi ko Supertech se recently? Heard some positive news but want to confirm.
My cousin got possession in Supertech Cape Town a few months back. But there are still some pending amenities.
Check the RERA website for the latest updates. They are supposed to update the project status regularly.
The new metro line extension is also a big factor. Areas along the new line will definitely see an increase in property values.
Don't get too excited. Builders will find ways to exploit the system. It's in their DNA. But let's hope for the best.
Bhai, even if they complete the projects, the prices might not jump that much. The market is already correcting a bit due to rising interest rates. Be realistic.
Which builder are we talking about here? Some are more notorious than others. Need to do your due diligence before investing.
I think this is more about clearing the backlog and less about increasing prices. The 'stalled project discount' was artificially depressing the market. This should bring it back to a more realistic level.
Sector 75 mein mera ek flat hai. Possession pending since 2018. Builder is saying 'force majeure' because of COVID. This is BS! They were stalling even before that.
This is all talk until the Noida Authority actually cracks down on these builders. RERA mein complaint karne se bhi kuch khas nahi hota.
I bought in Sector 150 three years ago, hoping for good returns. The prices haven't moved much because of all the delays in other projects. Hopefully, this changes things. Sector 150 is prime location yaar!
Anyone know what's happening with the Amrapali projects? Are those registries finally happening?
My friend got possession in Dream Valley a few months back. Took a while, but finally happened.
Haan, Supreme Court is overseeing that. Slowly but surely, things are moving. But it's a long process.
Finally, kuch toh positive news Noida se! Been waiting for this. Stalled projects are a nightmare. Hope this actually translates to action on the ground.
It's a good initiative on paper, but will it really work? Builders have been taking us for a ride for years. I'll believe it when I see registries actually happening smoothly. Show me the money (or the registry, in this case!).
Aap kya sochte hain? I think it's a step in the right direction. But the devil is in the details. What about the interest on delayed possession? Will that be waived too?
I doubt it, bhai. Builders are always looking for ways to avoid paying up. Legal battle toh chalta hi rahega.
Exactly! Interest toh builder bharega na? Why should the buyer suffer? They're already suffering from the 'stalled project discount' as the post says.