The registration for the residential plots scheme has started and the last date to apply is January 25. The cost of these residential plots ranges between Rs 27 lakh and Rs 2 crore.
The reserve price for the group housing plots in this township has been fixed at Rs 44,400 per square metres. The allotment rate for industrial plots will be Rs 23,900 per square metres and the rate for commercial plots will be Rs 75,400 per square metres
Greater Noida Authority on August 7 e-auctioned five group housing plots measuring about 1.36 lakh square metres for over Rs 1,500 crore
The Greater Noida Authority is expected to get a revenue of around Rs 500 crore from the allotment of the five plots
These plots will be used to build commercial complexes and malls in Greater Noida. The cumulative value of these 12 commercial plots at the reserve price is approximately Rs 1,014 crore. The last date of registration is July 16.
Several developmental projects, including the Greater Noida West Metro, Multimodal Logistics Hub, and Transport Hub, are coming to Greater Noida and Greater Noida West (also known as Noida Extension), the GNIDA said
According sources, some A-grade developers such as Godrej, Sobha among others have evinced interest for group housing plots located in Greater Noida sector 12. The allotment rates for these plots range from Rs 36,500 per sqm to Rs 48,300 per sqm but sources say that because of presence of A grade developers and high demand the allotment rates can go upto Rs 1 Lakh per sqm during e-auction.
The land allotment for industries will also generate 10,000 employment opportunities, the Greater Noida Industrial Development Authority (GNIDA) said in a statement.
They allege a nexus between the authorities and builders, due to which registries are not taking place. In the absence of registry, homebuyers do not have ownership rights of the flats, they cannot sell these flat, and will not get any claim in case of a calamity.
The GNIDA also cancelled allotment of plots to three educational institutions for not completing the project and also non-payment of dues.
The builders allowed to register homes in their projects are Starcity Real Estate, Enticement Limited and Gulshan Developers
The registration has been allowed after the builders made their due payment to the authority. The builders who have been allowed to register their homes in their projects include Starcity Real Estate Private Limited, Enticement Limited and Gulshan Developers Limited
Both developers and homebuyers said the scheme will not be of much use. Developers say the relief is paltry. Homebuyers say registrations should not be stalled as they’ve paid up.
At present, the GNIDA has one waste remediation plant in the Lakhnawali area of Greater Noida where garbage is segregated. Of the total garbage collected daily, 50 per cent is domestic waste, which is used for making compost.
The action has been taken in pursuance of an order of the Allahabad High Court, the GNIDA said, warning people against violating guidelines on installation of mobile phone towers without its approval.
While passing the order in this regard, the Competition Commission of India (CCI) said it hopes that GNIDA and NOIDA authorities would consider the issues raised in the complaints in a "non-adversarial manner".
The tax department had contended that GNIDA was involved in commercial activities, including giving properties on rent, taking premiums and business administrative charges etc.
Sneha Sharma, a home buyer in a housing project in Greater Noida west, is now planning to shift in to her apartment. While a few of the towers in the project are fully built, R
Supertech claimed however that all the 1,853 units which are developed or being developed at the 20-acre housing project 'Czar' in Greater Noida are not unauthorised and are "completely safe and legal".
Negotiations between Greater Noida Industrial Development Authority (GNIDA) and farmers of four villages here over the land acquisition controversy failed to reach a conclusion with villagers demanding that all the points agreed to be included in a written agreement.