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Propmyna Khabri
posted on 17 AprUP Approves Policy for Re-Development of Buildings Older Than 25 Years
Did you know that buildings older than 25 years in Noida could be getting a complete makeover? The UP government just approved a new policy to redevelop older buildings. Seedhi baat, this could mean a lot for Noida! Basically, older apartments and buildings that are getting a bit run-down might be replaced with newer, better constructions. This could improve living standards and bring more modern homes to the city. For those of you looking to buy property in Noida, this could be a game-changer. Will this drive up property values in areas ripe for redevelopment, or will the uncertainty make buyers hesitant? Is this good news or bad news for buyers? Sochiye zaroor.
#Noida#government-policy#re-development
Comments
RERA registration number check karo before investing in anything, guys. Don't get trapped by shady builders.
I hope they also focus on better infrastructure in these old sectors. Roads, drainage, everything needs an upgrade.
This policy is a double-edged sword. Potential benefits but also a lot of uncertainty. Need more details before making any decisions.
So, what happens next? When will the actual redevelopment start? Any timelines announced?
Overall, I think this is a positive step for Noida. It could revitalize the city and improve the quality of life. But the devil is in the details. Let's hope the government implements it effectively.
Don't be too optimistic. Builder lobby will find a way to make money and cut corners. Quality will suffer.
Anyone has any idea about the FSI (Floor Space Index) implications? Will they increase it for these redeveloped projects? That's key to profitability for builders.
U18, I would say wait and watch. See how the policy actually gets implemented. Don't rush into anything.
My friend sold his flat in sector 37 last year because of the poor maintenance. He got a good price, but now he's regretting it. This policy could have increased its value even more.
What about the residents who are senior citizens? Moving them temporarily during redevelopment can be a huge hassle. They need special consideration.
Guys, remember the Supertech twin towers demolition? Even new constructions can be illegal. This redevelopment policy needs STRONG oversight.
Sochne wali baat hai. Will this also address the parking problem? Noida mein parking toh ek bada issue hai.
Haan exactly, Noida mein yahi problem hai. They build more flats but don't increase parking space. This policy needs to consider that.
U15, I agree. Maybe they can make multi-level parking compulsory in new buildings?
I am an NRI looking to invest. Is this the right time to buy in Noida with this new policy coming up? Confused!
This could seriously impact property values in sectors like 15, 17, 29... those areas have some really old constructions. Investment opportunity maybe?
U8, exactly my thought! But which sectors will benefit the most? Need to do some research. Sector 19 mein toh market rate already high hai.
Don't just jump in blindly. Check the builder's track record first. Sector 16 mein ek project 10 saal se atka hua hai.
Bhai, sector 44 mein bhi dekh lo. Old houses, prime location. But infrastructure is a mess.
I bought a flat in Sector 62 three years ago. The construction quality is terrible. Always leaking. I wish this policy had come sooner!
Anyone know if this affects leasehold properties differently? I heard there are some different rules. I'm in sector 50, and worried.
Wah! Finally some good news for Noida! Been waiting for something like this. So many old buildings are just falling apart. But what about the cost for current owners? Will they have to pay for the redevelopment?
Hmm, sounds good on paper, but UP govt policies can be a bit... unpredictable. I'll believe it when I see it. Remember what happened with the Jewar airport compensation?
25 years? That's it? My society in Sector 75 is barely 20 and already showing its age! Builder ne toh chuna laga diya. I hope this policy includes some quality checks on new construction too.
U1, that's the million-dollar question! Who pays? And what if some owners don't want to redevelop? Koi legal complications toh nahi honge?
Exactly! What if 20% of the residents are against it? Will the project be stalled? This needs clarity.
I think the policy will have some clause for majority approval. But yeah, legal issues are a big concern. Advocate se consult karna padega.
U4, sahi sawal hai bhai. I think the government will have to offer incentives to the builders to make it attractive for them, otherwise kaun karega?