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Propmyna Khabri
posted on 8 AprNoida Authority to Cancel Allotment of Vacant Plots
**Noida mein 12 saal se zyada vacant plots ka allotment cancel hone wala hai!** Guys, Noida Authority is serious. They're cancelling allotments for plots that have been lying empty for over 12 years. Agar aapka koi plot hai ya aap jante hain kisi ka hai, toh unko alert kar do. There's a six-month grace period for plots under construction to get your completion certificates. This could flood the market with repossessed properties. Also, defaulter developers ko jo interest waivers mil rahe the under the stalled projects policy, woh bhi shayad band ho jayenge. This could affect a lot of ongoing projects. Yeh sab Noida real estate market ko kaise impact karega? What do you guys think? Will property prices go up or down?
#Noida#government-policy#legal
Comments
Overall, I think this is a positive step for the Noida real estate market. It will weed out the non-serious players and bring more transparency.
So, what's the next step? Will the Noida Authority publish a list of plots that are facing cancellation?
Six months is not enough time! Especially with all the red tape involved in getting approvals.
Anyone knows what's the latest on the Jewar airport's impact on property prices in Greater Noida West?
Builder ne phir se date extend kar diya lol. Ab toh hasi aati hai.
I bought in Gaur City 2 five years ago. Still waiting for some amenities to be completed. Frustrating! Check amenities completion before booking, I made that mistake.
This could lead to more litigation. Expect court cases and further delays.
Property prices up ya down... depends on which sector we're talking about. Sector 150 ka avg rate 7k/sqft hai abhi. But Sector 78 mein shayad kam hoga.
Yeh sab toh theek hai, but what about the corruption within the Noida Authority itself? That's the real problem.
I think this will force developers to actually complete projects. No more land banking and speculation. Good for genuine buyers.
Be careful, guys. Don't rush into buying repossessed properties without due diligence. Title clear hona chahiye.
Market mein repossessed properties aane se toh first-time buyers ko fayda hoga. Affordability badhegi.
Yaar, Noida Authority ka kuch bharosa nahi. Kab kya rule nikal de. Invest karna bhi darr lagta hai.
Mera ek relative ka plot Sector 44 mein pada hai. 15 saal se kuch nahi kiya. I'll alert them immediately. Thanks for the info!
Interest waivers band hone se toh builder log aur late karenge possession. They'll use it as an excuse.
Totally agree. They'll blame the authority, blame the economy, blame everything but themselves.
Impact kya hoga? I think prices will initially dip due to increased supply, then stabilize. Depends on the location, of course. Sector 75 mein toh already prices thode se down hain.
Defaulter developers ko interest waivers band hone se toh aur problem hogi. Already projects atke pade hain.
Exactly! That stalled projects policy was the only thing keeping some of these guys afloat. Now what?
Bhai, which builder are you talking about specifically? Name and shame!
I bought a plot in Sector 151 three years ago. Abhi tak possession nahi mila. Should I be worried?
RERA registration number check karo. Aur builder se regularly follow up karo. Don't give up!
Sector 151 is developing fast, but infrastructure is still lagging. Metro connectivity ka kya scene hai?
Noida mein 12 saal se zyada vacant plots ka allotment cancel hone wala hai! This is HUGE news! Finally, something is being done about these plots lying unused. Good move, Noida Authority!
Exactly! Kitne plots toh sirf speculation ke liye khareed ke rakhe hue the. Good riddance!
Six-month grace period? Woh toh builder phir se bahana banayenge. Completion certificate milna itna aasaan nahi hai.
True that! Builder lobby is strong. They'll find a way to delay things again.
Haan bhai, completion certificate ke liye toh chakkar pe chakkar lagwate hain. Mera khud ka experience hai.