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Propmyna Khabri
posted on 19 AprNoida Authority to Cancel Ownership of Vacant Plots
📢 Noida Authority cracking down on vacant plots! Heads up, Noida property owners and hopefuls! The Noida Authority just announced that they'll be cancelling the allotment of plots that have been lying vacant for 12 years. Basically, if you were allotted a plot way back when and haven't built anything on it, the Authority might take it back. This is a big move aimed at freeing up land and hopefully increasing the availability of housing. It also should make Noida look a whole lot better, getting rid of those empty, overgrown plots that can be a real eyesore. What do you guys think? Will this actually help bring down property prices in Noida, or will it not make much of a difference? Let's discuss!
#Noida#government-policy#land-acquisition
Comments
Overall, I think it's a positive step, but the devil is in the details. Let's see how Noida Authority implements this. Hopefully, it will bring some much-needed relief to the housing market.
Let's see if they actually follow through with this. Noida Authority has a history of making announcements and then doing nothing.
I'm a bit worried. I bought a plot a few years ago, but haven't started construction yet due to some personal issues. Will they take it away from me too?
You should check the specific terms of your allotment. 12 years is a long time, but if you have a valid reason and can show some progress, you might be able to get an extension. Lawyer se consult kar lo.
I hope this doesn't lead to more corruption and bribes. The Authority needs to be transparent in how they re-auction these plots.
So, what's the next step? Will they send notices to the plot owners? Anyone know the process?
Anyone know if there's a list of the plots that are being targeted? I want to check if any are near my property.
Sector 137 mein kya scene hai? Anyone living there? I'm planning to invest in a flat there.
Sector 137 is good, close to the metro. But check the builder's track record carefully. Some have delayed projects.
I bought a flat in Noida Extension five years ago. Still waiting for possession. Builder keeps giving excuses. RERA mein complaint karna padega.
This is a good step, but the Authority also needs to streamline the approval process for construction. It takes forever to get approvals!
Frankly, I think this is more about the Authority generating revenue through re-auctioning. Property prices are already so high, they are just capitalizing on the situation.
I have a plot in Greater Noida. Does this apply there too?
Nahi, this is only for Noida Authority. Greater Noida Authority has its own rules. But they might follow suit soon.
What about the people who were allotted plots but couldn't build due to financial issues or other problems? Is there any recourse for them?
Bhai, this is a good move. So many plots are just lying vacant, breeding mosquitoes and becoming eyesores. Time to build or lose it!
I think this will mostly benefit builders who can afford to buy these re-auctioned plots. Small investors won't stand a chance.
This might actually help if they re-auction the plots at current market rates. More housing supply = lower prices, theoretically. But knowing Noida, there will be loopholes.
Impact on property prices? I doubt it will be significant. The demand is still high, especially near the metro line.
True, but every little bit helps. Maybe it will slow down the price increases, at least. Sector 75 mein rates already sky high hain.
I bought a plot in Sector 151 three years ago. Still waiting for the registry. Builder is saying 'pending approvals'. Will this affect me?
This is only for plots allotted by Noida Authority directly, not through builders. You should be fine, but keep following up with your builder.
This is good news for Sector 78! Hopefully, those vacant plots will finally get developed. It's affecting the resale value of my apartment.
Finally! Some action. These vacant plots turn into dumping grounds and addas for all sorts of shady activities. Good riddance!
Hmm, I'm skeptical. Will they actually enforce this? Noida Authority has announced similar things before, but nothing much happened.
Exactly! Just like those illegal constructions they were supposed to demolish. Talk is cheap, let's see action on the ground.
Haan yaar, I agree with U2. They need to be consistent. Else it's just another jumla.