NO ENTRY FOR DEFAULTING BUILDER IN NOIDA’S SCHEME Full money will have to be deposited in 90 days, after this the lead deed will be in the name of the builder. , NO ENTRY of defaulter builder in Noida scheme: Full money will have to be deposited in 90 days, after this the lease deed will be in the name of the builder – Noida (Gautambudh Nagar) News
This picture is of the board room of Noida Authority. In which the CEO is saying that now defaulter builders will not be able to participate in the group housing project of Noida Authority.
After getting the plot, builders will have to deposit the full amount within 90 days. Till now this time limit was for eight years, but the builders who had taken the plots till last 15 years have not yet paid the dues to the authority. In such a situation, Noida Authority has deposited the entire money in the new allocation.
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Authority bringing plan for four group housing plots
Under the new rules, Noida Authority is going to launch a scheme for four group housing plots. These plots are in Sector-44 and 151. CEO Dr. Lokesh M said that space has been identified for six group housing plots in Sector-151, but only three plots will be included in the scheme coming this month. The remaining plot will be included in the second plan. The CEO said that under the new rules, after getting the plot, the builder will have to deposit the full amount within 90 days. Only after this the plot will be registered.
This picture is of the entrance gate of Noida.
The CEO said that efforts are being made to bring this plot scheme soon. He said that due to the condition of depositing the money within 90 days, only those builders whose financial condition will be better will come forward in the scheme. The CEO said that in the past years, the rules have been made strict due to builders not paying dues to the authority after purchasing the plot.
Defaulter builder has no place in the scheme Authority officials said that no builder who has outstanding dues to the authority will be able to apply for a plot in the new group housing schemes. In such a situation, new builders will get a chance to join the new scheme, the reason for this is that most of the builders here are defaulters.
Giving land to builders started around 2006 Builders associated with group housing in Noida started taking land for building flats around 2006-07. The process of giving land to builders continued in large numbers till the year 2014-15. At present there are about 110 group housing projects in the city. Before the year 2006-07, after purchasing a plot for group housing, it was necessary to deposit 30 percent of the allotment amount. But around 2007, the rules were changed during the BSP government. Under this, the rule of taking only 10 percent of the allocation amount was implemented.
Administrative Block Office of Noida Authority located in Sector-6
outstanding of 26 thousand crores
The plot was allotted after depositing 10 percent. After this, he deposited two to three installments and forgot to pay the money. In such a situation, the builders had outstanding of Rs 26 thousand crores. Amitabh Kant’s recommendation was brought to bring back these dues. Even after this the builders are reluctant to deposit the dues.
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