Budget News: Realtors on Thursday hailed the Budget proposal of launching a scheme to help middle-class people buy or build their own homes, saying this will boost demand for residential properties and help in the overall growth of the real estate sector.
The Greater Noida authority has issued an order in this regard, allowing Hawelia Group, a real estate developer, to take control of a 22-acre partially completed undertaking known as Shree Radha Sky Garden in Greater Noida.
Real estate developers said the ban will cause a delay in delivery of projects, and impact homebuyers. They said that a one-month ban on construction, delays a project by at least two to three months.
The Greater Noida authority has issued an order in this regard, allowing Hawelia Group, a real estate developer, to take control of a 22-acre partially completed undertaking known as Shree Radha Sky Garden in Greater Noida.
“For residential houses and flats, the 1.5m-wide balcony will no longer be part of the floor area ratio (FAR), allowing for more spacious flats and houses. This also means the carpet area will increase, allowing more flats in highrises and benefitting flat buyers and builders,” said YEIDA CEO Arun Vir Singh.