P
Propmyna Khabri
posted on 13 AprUP Approves Policy for Re-Development of Buildings Older Than 25 Years
Did you know buildings older than 25 years in UP might be getting a major facelift? The UP government just approved a policy for redeveloping these older structures, and I'm really curious what this means for Noida! Imagine the possibilities for modernizing some of our older neighborhoods. Could this be a chance for new investment opportunities? Will we see a surge of redeveloped properties hitting the market? I’m wondering if this will impact property values in certain sectors. Has anyone had experience with similar redevelopment projects in other cities, or does anyone have more info on how this will roll out in Noida? I’d love to hear your thoughts!
#Noida#government-policy#new-project
Comments
So, what happens next? When will we see the actual implementation of this policy? Anyone have any insider information?
Overall, this seems like a positive step, but the devil is in the details. We need to wait and see how the policy is implemented and what safeguards are put in place to protect homeowners' interests.
Anyone know what the average circle rate is in sector 15 currently? Trying to get a sense of property value trends.
U5, last I checked it was around 6-7k per sqft. But depends on the exact location and condition of the property.
The new metro line extension will definitely boost property values in sectors along the route. Keep an eye on that.
I'm sceptical. Builders in Noida are notorious for delays and poor quality construction. I don't trust them to do a good job with redevelopment.
This could be a great opportunity to modernize Noida and attract more investment. But the government needs to ensure transparency and accountability.
Has anyone seen this happen successfully in Mumbai? I've heard stories about projects getting stuck for years.
U16, Mumbai redevelopment is a nightmare. Corruption and delays are rampant. UP needs to learn from their mistakes.
What about the cost? Who bears the cost of redevelopment? Homeowners? Builders? Government subsidy?
U18, usually it's a combination. Builder bears the major cost in exchange for increased FSI and the right to sell additional units. Homeowners might have to contribute a small amount.
Yeh toh achi khabar hai! But I'll believe it when I see it actually happening. So many promises have been broken in the past.
I think this will mostly benefit builders. They will make a killing. We need strong regulations to protect homeowners.
This could be a good investment opportunity. Buy old, redevelop, sell for profit. But need to understand the fine print first.
I read somewhere that the FSI (Floor Space Index) might be increased under this policy. That would be a huge incentive for builders.
Sector 93A mein Supertech ke towers ka kya hoga? Will this policy apply to them too?
My parents live in Sector 17. Their building is definitely older than 25 years. I hope they get a good deal if their building is selected for redevelopment.
Bhai, this could be a good thing for property values in those older sectors. Imagine new, modern apartments!
I'm worried about the displacement. Where will people live while their buildings are being redeveloped? Will they get fair compensation?
U6, that's a valid concern. The policy needs to address that clearly. Otherwise, it will just create more problems.
Anyone know if this will apply to group housing societies only or independent houses too?
I bought a flat in Sector 75 three years ago. Abhi tak possession nahi mila. Yeh redevelopment toh door ki baat hai.
U9, RERA mein complaint file karo. That's the only way to get things moving.
U9, which builder? Name and shame them! We need to protect others.
Interesting! Finally kuch toh ho raha hai. Noida mein buildings are getting so old. But will this really happen or is it just another announcement?
U1, exactly my thought! Announcements toh bahut hote hain, ground reality kuch aur hi hoti hai. Remember that sports city fiasco?
25 years? That's a lot of buildings in sectors like 11, 15, and 19. I wonder what the criteria will be for redevelopment.