Noida: Farmers’ protests seeking enhanced land compensation and delayed registry of flats have figured prominently in the campaign speeches of BSP’s R.
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.
In the last financial year, the department had a revenue target (from April 1 to December 31) of Rs 3036.95 crore of which it received Rs. 2136.22 crore – around 70% of the total amount – during the period.
The recommendations comprise a slew of relaxations for developers, including a zero-period to waive interest and penalties imposed for financial default, officials aware of the matter said