Showing posts with label property in Greater Noida. Show all posts
Showing posts with label property in Greater Noida. Show all posts

Monday, January 20, 2020

Greater Noida development body launch a housing scheme soon


Greater Noida: Families contemplating moving to the greener parts of Gautam Budh Nagar will soon have more options to choose from. The Greater Noida Industrial Development Authority (GNIDA) announced on Monday that it would launch more than 800 flats to provide 1BHK, 2BHK and 3BHK for home buyers in Sector 12, Eta II and Omicron I.


In the full list, a handful of ready-to-move flats will be available in the G + 3-storey building as well as in 20 storey high-rise towers. The residential allocation plan will be launched next week after the authority's CEO endorses the proper file.

The officer managing the scheme said that the units would be for three sectors – Eta II, Omicron I and Sector 12. The flats are priced between Rs 28.50 lakh and Rs 74.50 lakh, while their size is within 54.29 million meters and 132.95 sqm.

GNIDA first introduced a housing scheme (multi-storey apartment complex) in 2013. Nevertheless, the authority could not obtain buyers as the locality where the project was undertaken. Some flats in the finished buildings were to be brought forward in the forthcoming plans as the buyers were unable to pay the required amount or did not maintain the necessary documents.

The authority had then intended to auction 1,200 such flats before Diwali in 2019. Nevertheless, it did not initiate the scheme because it believed in focusing on developing projects that had previously been sold in the past.

As the apartment projects submerged in previous plans could not take-off due to land acquisition concerns with farmers, the authority granted built flats to buyers who could not be given possession. Assistant General Manager (Property) K K Yadav said: About 350 to 380 flats have been given to genuine buyers. The remaining 880 flats will be put up for sale next week. There has been a lot of development in these areas and many families are living in the surrounding areas.

GNIDA has reviewed the prices of ready-to-move-in flats to meet the current market prices. Originally offered for Rs 39 lakh in 2013, the 2BHK deluxe price has been increased to Rs 48.35 lakh. Apart from this, the price of 3BHK and 1BHK has increased from Rs 69.50 lakh and Rs 23.50 lakh to Rs 74.50 lakh and Rs 28.50 lakh respectively. There will be units to offer 1BHK flats on offer, the official continued.

The flats will be provided for a 90-year lease supporting the draw. The authority will be part of the 816 units approach at its entrance and enthusiast buyers will be offered the possibility to implement online.

Interested buyers will need to accommodate eight options. Nevertheless, a person will be able to choose only the flat on the floor. “The final allocation will be made within the draw of lots. If a person shows interest in only one flat, he will be in a position to ensure allotment without any problem. Flats that are in high demand will be handed over through a draw." 


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Monday, November 25, 2019

Greater Noida Authority refunded excess money to over 5,500 buyers


Thousands of home buyers who bought a house or plot from the GreaterNoida Industrial Development Authority (GNIDA) are likely to get returns. GNIDA has decided to return the additional money taken from 5,520 home buyers a decade ago. During the internal audit process, it was found that the buyers had deposited additional money to the authority.


These buyers invested in housing schemes or plots launched nearly a decade ago in Greater Noida of Sector-2 and 3, MU-01, XU-01, 02, 03, Omicron-01, 02, 03 and 01 A.

GNIDA has experienced tremendous growth and the authorities have started acquiring land between 2007 and 2008. But an objection from the farmers on the additional compensation postponed the land acquisition process in 2011. More than 450 appeals were filed in the Allahabad High Court, and it gave 64.70% additional compensation. For troubled farmers.

After opposing the low compensation amount paid to them in return for the land acquired by the farmers, GNIDA started demanding additional money. As a result, home buyers, plot owners as well as developers had approached the High Court against GNIDA's decision to charge additional fees.

On 18 September 2019, the High Court noted that GNIDA was unable to describe how it was determining the additional compensation to be asked of the allottees. The High Court empowered to reschedule the compensation of the farmer.

Following the High Court order, GNIDA has issued a notice on 30 September 2019 stating that the charge rates of allottees of plot and built-up area have come down from 1,465 / sq m to 1,287 / sqm. A list of 5,520 buyers who paid an additional amount to the authority. The refund amount to such home buyers ranges from Rs 25 to Rs 1.29 lakh.

According to GNIDA CEO Narendra Bhushan, it was observed that there were some errors in calculation of compensation amount, and these allottees were charged an additional 15% on average. After completing the due process, it will be returned to the bank accounts of the beneficiaries. 


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