The Higher Noida Industrial Improvement Authority has made the registration of the builder-buyer settlement obligatory on the fee of 10 per cent of the overall worth of flats by patrons, in order that they get a authorized doc, permitting them to say their property.
“We’re aiming to guard the pursuits of the patrons. This has been in demand for a very long time,” stated N G Ravi Kumar, CEO, Higher Noida Industrial Improvement Authority, after the 136th board assembly of the authority.
“In actual fact, flat patrons had been demanding,” he instructed The Indian Categorical, “that permission be granted to register the settlement between the builder and the client on the fee of 10 per cent by the client, in order that they’ll have a authorized doc.”
Amongst different necessary choices taken through the assembly for flat patrons and residents of Higher Noida was the one to register the settlement to promote. Consumers might want to pay the total stamp responsibility on the time of signing the settlement to promote. As soon as the patrons get the possession of the flats, they are going to be registered after a stamp responsibility of Rs 100 is paid.
“As a result of the patrons have authorized paperwork, the builders won’t be able to commit any form of fraud. Additionally, the registry division will obtain the stamp responsibility on time,” Kumar added.
Authority chairman Manoj Kumar Singh, who can also be the Uttar Pradesh chief secretary, chaired the assembly attended by different senior officers.
The Amitabh Kant Committee’s suggestions to handle the obstacles of legacy tasks in actual property had been additionally mentioned within the assembly. The way in which has been cleared to finish 73 builder tasks and supply houses to the patrons.
Out of roughly 62,912 flats included in these 73 tasks, 30,477 have been registered thus far. There are 98 tasks in Higher Noida that fall below the scope of the coverage ready on the idea of the committee’s suggestions. Twenty-five per cent of the quantity was deposited for the 73 tasks, ensuing within the authority receiving an impressive quantity of about Rs 547 crore, with round Rs 1,300 crore anticipated to be acquired in a 12 months. Completion certificates have been issued for 38,661 of the flats.
The board was additionally knowledgeable that Gangajal is being equipped to 50 out of the 58 residential sectors in Higher Noida. “We are going to start the availability of Gangajal by December this 12 months in all 58 sectors in Higher Noida,” stated Kumar, the CEO.
He additionally stated that work has commenced on the plan to produce Gangajal to Higher Noida West, including that three reservoirs have been constructed for the aim.
