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Propmyna Khabri
posted on 15 AprUP Approves Policy for Re-Development of Buildings Older Than 25 Years
📢 Noida Buildings Getting a Makeover? UP Govt Approves Redevelopment Policy! Heads up, Noida folks! The UP government just gave the green light for redeveloping buildings older than 25 years. What does this mean for us? Well, expect to see some older structures making way for new construction. This could lead to more modern housing options and potentially boost property values in certain areas. It's all about encouraging fresh development across the state. Aapko kya lagta hai — positive ya negative for buyers?
#Noida#government-policy
Comments
I hope they prioritize transparency and protect the rights of existing residents during this process.
So, what's the next step? When will the actual redevelopment start? Koi timeline pata hai?
Overall, a positive move, but the devil is in the details. Let's see how the government implements this policy.
What about the increased circle rates? Will that affect the compensation offered to residents during redevelopment?
Heard the new metro line extension to Knowledge Park is also going to boost property values. This redevelopment policy is just icing on the cake.
Totally agree yaar. My biggest concern is the builder's track record. Need to do thorough research before investing.
I'm a tenant looking to buy. Should I wait and see how this plays out or buy now? Prices are already rising!
U2, tough call. Prices might go up further with this policy. But do your due diligence before buying.
U2, depends on your risk appetite. This policy adds another layer of uncertainty.
Be careful, folks. Check RERA registration number before investing anywhere. Too many shady builders out there.
Mera bhi same experience tha 2 years ago. Builder ne phir se date extend kar diya lol. Ab toh hasi aati hai.
U19, which builder? Name and shame them!
I think it depends on the sector. Some areas like Sector 15 are already quite developed. This will mostly affect older sectors like 20, 27 etc.
Positive if done right. Negative if builders take advantage. Simple as that.
This could be good for investors. Buy old, wait for redevelopment, profit!
U11, easy to say, but who's going to guarantee a good return? Market conditions are volatile.
True, and what about the legal hassles? Title clear hona chahiye. Warna phas jaoge.
Anyone knows if this applies to Noida Extension (Greater Noida West) also? My building is almost 20 years old.
U14, Greater Noida falls under GNIDA, so probably yes. But double-check the notification.
U14, best to contact your RWA. They should have more information.
I'm an NRI looking to invest. Is Noida a good option right now considering this new policy?
Positive? Maybe. But where will all these people go while their buildings are being redeveloped? Rental rates are already sky-high! Kaun sochega gareebon ka?
25 years? That seems a bit short, no? What about buildings that are structurally sound? This could just be a land grab by builders disguised as 'redevelopment'.
Exactly my thought! U3, you nailed it. Builders will push residents out with low offers.
U3, agree. They should have considered the structural integrity first. Not just age.
Bhai, this is UP. Rules are made to be bent. Land mafia will have a field day.
I bought a flat in Sector 75 three years ago. The construction quality is already deteriorating. 25 years is perfect timing for redevelopment in my opinion. Bring it on!
What about the FAR? Will the new buildings have more floors? Traffic is already a nightmare. Sector 18 mein toh parking hi nahi milti.
Finally! Some good news. Noida needs this badly. So many old buildings are just falling apart. Positive for sure, but implementation is key. Dekhte hain kya hota hai.