Developers can issue possession letters only after getting occupancy certificates (OC) from authorities concerned, as per the latest order from the real estate regulatory authority (Rera). This new regulation has sparked objections from both homebuyers and developers in Noida. Learn more about the impact of this mandate on the real estate sector in UP-Rera's recent announcement.
The zero-period relief, for one, will not be a blanket one when dues of realtors are recalculated. The Kant committee had suggested two zero periods, one for Covid (March 2020 to March 2022) and the other for construction curbs because of NGT orders (August 2013 to June 2015).
IIT-Roorkee is studying the design of the underpass at Gaur Chowk in Greater Noida West. The underpass aims to alleviate traffic congestion and save time and fuel for commuters.
The city, which is home to 191 residential complexes, sees frequent disputes between residents and representatives of builders or AOAs over matters like issuing NOCs or formation of apartment owners’ associations (AOAs), that reach the Authority.