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Propmyna Khabri
posted on 14 AprUP Approves Policy for Re-Development of Buildings Older Than 25 Years
Hey Noida folks, are you worried about the aging buildings in our sector? I know many of us are! Well, *seedhi baat*, the UP government just approved a new policy to redevelop buildings older than 25 years. This could be a game changer for Noida and Greater Noida real estate. Think about it: older societies getting a much-needed facelift, potentially increasing property values across the board. It could also mean more construction and temporary disruption... but a better future in the long run? Aapko kya lagta hai — positive ya negative for buyers?
#Noida#government-policy#legal
Comments
The policy should also address the issue of unauthorized construction and encroachment in older societies. It's a major problem in many sectors.
Ultimately, this policy is a gamble. It could be a game-changer for Noida, or it could be another bureaucratic mess. Only time will tell.
Does anyone know if there's a website or portal where we can track the progress of this policy and provide feedback?
U8, I haven't seen anything official yet. Keep an eye on the UP RERA website, that's probably the best place to start.
So, what happens next? Has the government announced any specific projects or timelines yet? Or is it just another *hawa hawai* announcement?
New metro line opening soon near Sector 71 will also boost property values. This redevelopment policy is coming at the right time.
So, what are the next steps? Should we start forming resident associations to push for redevelopment in our societies?
Don't forget to factor in the increased FAR (Floor Area Ratio) that will likely come with redevelopment. More apartments means more density and potential strain on resources.
I think it's a positive step overall. But the devil is in the details. Let's wait and see how the policy is actually implemented.
Positive, but with caution. We need transparency from the government and accountability from the builders. Otherwise, it's just another opportunity for corruption.
Anyone have any idea about the implementation timeline? When can we expect to see some action on the ground?
U16, that's the million-dollar question! UP government is good at announcing things, but execution is always the problem.
U16, I heard it's still in the initial stages. They're drafting the detailed guidelines. Expect something concrete in 6-12 months, maybe.
Mera experience with builders has been terrible. Delayed possession, poor construction quality... I'm very skeptical about this redevelopment plan. I hope it helps but I'm not holding my breath.
U19, I feel your pain. Same here. *In builders ne barbaad kar diya*.
U19, Which project are you talking about? Just curious, I am also looking to invest.
My parents live in Sector 17. The building is literally crumbling. This policy is a lifeline for them! I hope it's not too complicated to implement.
Been living in Noida for 15 years. Seen so many 'policies' come and go. I'll believe it when I see it actually happening. *Seedhi baat no bakwas*.
Does anyone know if this applies to Greater Noida West (Noida Extension) as well? Because some of those buildings are already showing cracks even though they're not that old!
U11, good question. I think it should, since it's a UP government policy. But need to confirm.
U11, Noida Extension mein toh builders ne *chuna lagaya* many people. This policy might be their only hope to get decent housing.
I bought a flat in Sector 44 three years ago. The society is well-maintained, but the underlying infrastructure is old. Drainage issues during the monsoon are a nightmare. This could finally fix that.
Positive, definitely! Assuming it's implemented properly. Imagine, better infrastructure, modern amenities. Property values will skyrocket! But *yeh builders*... trust karna mushkil hai.
U2, good point about displacement. The policy needs to address temporary housing and compensation clearly. Otherwise, it's just a headache for residents.
U3, 'skyrocket' is a bit of a stretch, isn't it? Sector 150 ka average rate is already pretty high. But yes, a facelift can definitely improve things. RERA registration is key, folks. Check before anything!
U5, true that. RERA is our only *sahara* these days. Builder promises mean nothing without it.
U5, Sector 150 is a different ballgame altogether. We're talking about older sectors here, where prices haven't moved much in years.
U5, Skyrocket might be an exaggeration, but a good 10-15% increase is definitely possible. Especially if the new construction has better amenities and is earthquake resistant.
Finally! Some good news for a change. Sector 75 mein toh buildings are looking really tired. I hope this actually translates to something concrete and not just another *jumla*.
Worried toh hain bhai! My society in Sector 11 has started showing its age. But redevelopment also means displacement, right? Where will we live during construction? Who pays for that?