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April 12, 2024
According to official estimates, real estate developers collectively owe around Rs 44,700 crore to the development authorities in Gautam Budh Nagar. They owe almost Rs 26,000 crore to the Noida Authority.
February 28, 2024
According to a rough estimate, there are around 2.4 lakh stressed housing units in the Noida and Greater Noida region, of which around 1.2 lakh flats are yet to be delivered. Possession has been given for the remaining 1.2 lakh units, but registries are still pending.
November 21, 2023
The package would include reschedulement and zero-period policies to waive interest and penalties imposed for financial default, among others to enable the completion of stalled projects
November 9, 2023
GNIDA said that registries of 4,398 flats were executed last year between January 1 and September 30. According to estimates, currently there are 80,000 to 90,000 registries pending in Greater Noida on account of different reason including builder dues.
November 9, 2023
Under the scheme, six group housing plots are being offered in different categories. The sizes of these plots range between 20,000 square metre (sqm) and 40,000 sqm. The reserved price of plots has been fixed between Rs 61.5 crore and Rs 135.3 crore depending on the size and location.
October 4, 2023
A meeting of senior officials last week also discussed partial surrender of projects to recover dues and introduction of zero period of four years. The state cabinet will take a final decision after consulting the Centre.
September 27, 2023
Relief measures and concessional interest on payments would result in development authorities forgoing a portion of the amount builders owe them.
September 22, 2023
Close to 60 developers have projects that are running late but few of them have fulfilled this obligation
September 8, 2023
The Authority aims to recover around Rs 468 crore dues through the scheme, which includes waiving off penal interest on the defaulted amount and additional compensation charges.
September 4, 2023
According to a survey commissioned by UPRERA, there are as many as 45,000 units where buyers have taken possession without registering their ownership, and 1,25,000 units where neither has possession been taken nor has the registry been done.