Noida: Noida Authority held a meeting with developers on Wednesday and urged them to deposit 25% of their recalculated dues to expedite registry of fl.
A camp in Noida will register flats of legacy stalled projects. The relief package includes a waiver of interest. It aims to provide relief to affected buyers and ensure the completion of pending registrations. The camp will address the issues faced by homebuyers of stalled projects.
Housing demand in top eight cities in India has led to a 20% rise in home prices over the last two years. This can be attributed to favourable interest rate cycles, positive economic outlook, and growing confidence among home buyers. Bengaluru, Delhi NCR, and Kolkata have witnessed an unprecedented surge in average housing prices.
According to a rough estimate, there are around 2.4 lakh stressed housing units in the Noida and Greater Noida region, of which around 1.2 lakh flats are yet to be delivered. Possession has been given for the remaining 1.2 lakh units, but registries are still pending.