Sector 144 Property

The Greater Noida Industrial Development Authority is ready to allot 1,246 possession-ready homes, starting October 10. Affordably priced between Rs 28-74 lakh, these 1, 2 and 3BHK units are located at Sector 12 and Omicron 1. The scheme was launched on October 2 and will close on November 12 this year.

The Yeida is offering for sale over 1,000 plots, measuring between 120 and 500 square metre. Lying in the 5-7 kilometre periphery of the proposed Jewar airport, the plots are located at sectors 18, 19, 20, 22A, 22C and 22D.

In a bid to address the liquidity crisis in the housing finance sector ahead of festive season, the National Housing Bank has increased the refinancing limit to Rs 30,000 crore from Rs 24,000 crore for non-banking financial companies.

After over 2,000 protesters, which included representatives from homebuyers and business forums, staged a dharna in front of its office in Sector 6 on October 4, the Noida Authority has decided to roll back its earlier decision to impose parking charges on spaces outside the city's industrial units. It has also promised it would convert all leasehold properties into freehold, a long standing demand of the city residents.

In order to provide relief to homebuyers and stop builders from using loopholes in the Real Estate (Regulation & Development) Act, 2016, efforts are being made by state authorities to provide more teeth to the law.