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Propmyna Khabri
posted on 15 AprNoida Authority to Extend Stalled Project Policy Relief
📢 Noida home buyers, some good news maybe on the horizon! The Noida Authority is giving developers another chance to get benefits from the stalled project policy. Even if they missed the first payment deadline, they can still apply. Basically, the Authority will look at each case individually. This could mean registries finally opening up and movement on projects that have been stuck for ages. *Seedhi baat*, this is all about getting those long-pending dues cleared and hopefully getting you closer to owning your home. Aapko kya lagta hai — positive ya negative for buyers?
#Noida#government-policy#possession#rera
Comments
Anyone has experience with Supertech projects? Are they reliable now after all the legal issues?
It's a positive step, but the devil is in the details. Let's see how the Noida Authority implements this policy. *Umeed pe duniya kayam hai*.
Remember to factor in hidden costs when buying a property. Parking, maintenance, club membership – these can add up significantly.
Overall, this is cautiously optimistic news. Let's hope it translates into real progress on the ground. *Fingers crossed!*
Check the RERA website for your project's status. That's the best way to get accurate information.
My two cents: approach with caution. Don't get your hopes up too high. Builders have a history of making empty promises. Verify everything before making any decisions.
I live in Sector 93A. The infrastructure is good, but the traffic is a nightmare during peak hours. Something to consider if you're planning to buy here.
So, what's the next step? Will the Authority announce a list of eligible projects or what?
That's what I'm wondering too. Need more clarity on the implementation process.
Hopefully, they'll publish some guidelines soon. We need to know the criteria for eligibility and the timelines involved.
I am an NRI looking to invest in Noida. Is this a good time, considering the rising interest rates and the global economic situation?
U19, depends on your risk appetite and investment horizon. Noida real estate has potential, but it's not without its risks. Do your due diligence before investing.
U19, interest rates are definitely a concern. But if you're looking long-term, Noida can be a good investment. Focus on reputed builders and prime locations.
Does anyone know if this policy applies to Amrapali projects as well? That's where I'm stuck.
Amrapali is a different beast altogether. SC is involved. This policy is likely for other builders who are struggling with dues, not necessarily bankrupt ones.
Haan, Amrapali ka scene alag hai. SC is monitoring everything directly.
Correct. Amrapali is being handled separately by NBCC under SC supervision.
Sector 150 mein kya scene hai? Heard rates are going up because of the new Jewar airport. Should I invest now or wait?
U10, rates are already high in Sector 150. Probably best to wait and see if there's a correction after the initial hype dies down. Also, check the builder's track record carefully.
U10, I bought in Sector 150 last year. Prices have definitely increased. But infrastructure is still developing. Weigh the pros and cons before investing.
U10, airport impact is real, but don't FOMO. There are still some good deals if you look hard enough. Focus on projects with clear RERA registration and a decent construction pace.
My personal experience: I bought a resale flat in Noida Extension. Registry was a nightmare! Took me almost a year to get it done. Hope this policy actually simplifies things.
Positive for buyers, definitely. Any step towards resolving the stalled project mess is welcome. But Noida Authority needs to be strict with the builders. No more excuses!
Exactly U15! Strict action is key. Warna they'll just take advantage of the system again.
U15, I hope they learn from past mistakes. The system is easily manipulated. They need a robust monitoring mechanism.
Compensate? LOL. Good luck with that. Builder lobby is too strong. They'll find a loophole. My advice: file a RERA complaint. It's a slow process but at least you're on record.
RERA complaint is useless in some cases. I filed one 3 years ago and still nothing. All they do is give dates and adjournments.
U4, you're right. RERA is slow, but it's the only weapon we have. Better than doing nothing. Plus, document everything!
Exactly! RERA is a must. I got some relief after filing one, though it took a while. Persistence is key.
U5, depends on the builder and the specific case. Some builders actually respond to RERA notices because they don't want a bad reputation. But yeah, it's not a magic bullet.
I bought a flat in Sector 75 in 2015. Still waiting for possession. Builder keeps saying 'due to policy issues'. This policy could be a game changer if implemented properly.
Finally some hope! But *kitna sach hai*? They've announced similar things before. I'll believe it when I see registries actually opening up in my project, Lotus Panache.
Bhai, I'm skeptical. *Seedhi baat no bakwas*, these builders are masters of delay. Another policy, another excuse. I've been waiting for 7 years in Jaypee Greens!
Yeh toh achhi khabar hai, if true. But what about the interest we've been paying all these years? Will the builders compensate us for the delay? That's the real question.