Flats in Greater Noida

MakaaniQ talks about Greater Noida real estate market, which holds thousands of residential properties in an affordable price range of Rs 2,500-4500 per sq ft.

With new developments, Greater Noida is becoming a popular destination for investors as well as those seeking property on rent. Many migrants from across cities come and work in offices of various national and international organisations and look for an accommodation close by. To fulfill the demand of these property seekers, many localities have multiple renting options available. If you are also looking for localities where you can find plenty of affordable properties for rent, here is a list you could refer to.

The ongoing audit exercise by global consultancy Currie & Brown on behalf of the Noida Authority shows only two of 15 builders might have diverted money collected from buyers to employ it elsewhere. When a large number of homebuyers approached Uttar Pradesh Chief Minister Yogi Adityanath last year over delayed projects, most of them suspected fund diversion was the key reason behind developers failing to meet completion scheduled. There are about 94 stuck residential projects in Noida, in which about 78,000 people have invested.

The Noida authority has decided to impose fines between Rs 500 and Rs 5,000, on those who dispose of waste into the city drains. During an inspection, it was found that of the 14 existing drains in the city, a 17-kilometre irrigation drain from Ashok Nagar in Delhi to Sector 168 near the Yamuna is the worst-affected. The city spends around Rs 140 crore annually on waste disposal, and had been taking some waste management measures with the help of NGOs and RWAs.

Over 22,000 homebuyers, who had not received the Rs 2.5-lakh subsidy under the PMAY Scheme in Noida and Greater Noida, can now avail of it. Now those homebuyers who earn up to Rs 18 lakh annually and have bought the property under the scheme after January 2017, will soon see the subsidy reflect in their bank accounts.