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    The Noida Authority launched a multilevel car-parking (MLCP) facility in January to resolve the parking problems of the Sector 18 market. However, a hike in parking fee and issues such as flawed footpath design and lack of road infrastructure have played the spoilsport for the facility. So far, there are no as many takers for the parking space as the Noida Authority had expected.
    26th Apr 18
  • Noida Authority To Make Public List Of Reliable Buil

    The Noida Authority is seen trying every trick in the book to recover over Rs 20,000 crore from 94 developers who have failed to deliver their projects, and who have in turn not been able to pay their dues to the said authority.  Between May 7 and May 12, the authority would issue a list of “reliable” developers in order to dispel “negativity” in Noida’s real estate sector.
    8th May 18
  • Independent-Floor Buyers In Gurgaon Still Worry Abou

    In 2009, registration of independent floors was made legal given that defaulting developers paid a penalty and only then could they get a floor-wise completion certificate. However, there were defaulters yet again. Fast forward 2018, the scenario hasn’t changed for the better. Owners of independent floors in plots that measure less than 180 sq yd cannot be the formal owners nor can they sell it.
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    The GDA is likely to move a proposal later this month to allow defaulters pay dues in installments. However, there is a catch. Not all developers will benefit from this move since it is not a policy decision and benefits will be offered to builders after studying their capability and intent to pay.
    9th May 18
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Last update - 23-05-2018
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