good news for noida extension

Published on by new residential project in Delhi-Ncr

In a big step towards resumption of work in the stalled housing projects of Noida Extension, a statutory committee of the NCR Planning Board (NCRPB) on Thursday approved the revised draft Master Plan-2021 for Greater Noida and recommended it to the board.
In October 2011,the Allahabad high court had stopped construction in the area saying the Master Plan had not been approved by the board.Government sources said the NCRPB, headed by Union urban development minister Kamal Nath,is now expected to meet within a fortnight to look at the Master Plan.Once the board approves it, work can resume in the housing projects of Greater Noida, particularly in the area popularly known as Noida Extension.

BIG RELIEF NCR Planning Boards planning committee approves revised draft Master Plan-2021 for Greater Noida

Property Prices To Rise For New Bookings

Greater Noida: With the planning committee of the NCR Planning Board giving a nod to the Greater Noida Master Plan 2021,all stakeholders in Noida Extension feel that a giant burden has been lifted off their shoulders.For the first time in over a year,the one lakh homebuyers,Greater Noida Authority,farmers and developers are thinking on the same lines redressal of grievances at the earliest.However,along with the good news,theres also a bad one. Developers say that while old buyers will remain unaffected,new ones will have to shell out almost double the rates as property prices have shot up as compared to last year.
Greater Noida Authority CEO Rama Raman,said that his first priority will be addressing the grievances of all farmers whose lands have been acquired. Supertech chairman and managing director,RK Arora,said,We hope to resume construction by July end.

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Logix Zest 07/23/2012 12:16

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