Noida Authority Approves Conversion Of Leasehold Properties To Freehold
The Noida Authority has approved the conversion of all properties from leasehold to freehold. A final decision was taken by the authority board on November 1, after examining a report prepared by consultancy firm Ernst and Young to check the viability of such a move. The decision would now need the Uttar Pradesh government's approval. Once approved, the move could help the cash-strapped authority to earn a significant amount of funds that would be used to improve the city infrastructure.