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Propmyna Khabri
posted on 11 AprNoida Imposes Rules on Vacant Plots, Cancels Allotments
Noida mein halchal hai! The Noida Authority is cracking down on empty residential plots, cancelling allotments that have been vacant for over 12 years. A six-month grace period is there for plots with ongoing construction. This affects the availability of land, and potentially, property prices. Seedhi baat, this could mean more housing supply in the long run. But is this good news or bad news for those looking to buy in Noida right now? Sochiye zaroor.
#Noida#government-policy#land-acquisition#legal
Comments
I think this is a good move overall. It will bring more transparency to the market.
So, what's the final verdict? Is this a good time to buy property in Noida, or should I wait and see how this plays out?
Let's see what happens after 6 months. The real impact will be visible then. Abhi toh sirf baatein hain.
Yeh toh hona hi tha. So many people just buy plots as investments and leave them empty for years. It's unfair to those who actually want to build and live there.
RERA registration number check karo before booking anything! It's the first step.
This is good news for renters like me! Hopefully, more affordable options will become available.
What happens to the money if the allotment is cancelled? Do they refund it with interest?
I agree with U1. What about the people who bought these plots years ago? Is their money safe?
Anyone knows what the current circle rate is in Sector 44? Planning to sell my inherited property.
Be careful everyone! Many builders in Noida have delayed projects. Check their track record on RERA website before investing.
New metro line ke wajah se, prices already badh gaye hain. This might offset that. Let's see.
I bought a plot in 2010, built a house in 2014, and now I'm thinking of selling. Market is good right now, but this news makes me wonder if I should wait.
Mera experience toh bahut kharab raha hai. Booked a flat in Sector 150 three years ago, possession abhi tak nahi mila. Builder is making excuses. RERA complaint file kar diya hai.
Sector 150 mein kaunsa project? Name and shame them! We need to be aware of these rogue builders.
Is this applicable to industrial plots as well or only residential?
I think it's a positive step. It will force people to either build or sell, freeing up valuable land resources.
Six months is too short! Bureaucracy mein kitna time lagta hai approvals lene mein. They should give at least a year.
Finally! This is much needed. So many plots just lying vacant, becoming garbage dumps and mosquito breeding grounds. Good move, Noida Authority!
Exactly! Sector 75 mein toh har teesra plot aise hi pada hai. It's an eyesore and a health hazard.
12 years? That's a long time! I bought my plot in 2015, abhi tak bas foundation daala hai. I hope they don't come after me!
Relax, bro. Six months ka grace period hai for 'ongoing construction'. Just show them some progress.
Seedhi baat no bakwas, will this bring prices down? I'm looking to buy a 3BHK in Noida Extension.
This could flood the market with land, theoretically bringing down prices. But builders are smart, they'll find ways to keep rates up. Demand is still high.
Haan, demand toh hai. Especially with the Jewar airport coming up. But will it be enough to absorb all this new supply? That's the million-dollar question.