Uttar Pradesh Government to Hold Sunday Registry Camps in Noida

    Date:

    Share post:

    To expedite the registry process for flats in projects undergoing a recalculated dues clearance, the Uttar Pradesh government plans to establish special camps every Sunday in Noida. This initiative stems from a rehabilitation package recommended by a panel led by former Niti Aayog member Amitabh Kant.

    Officials note that attendees failing to participate in Sunday camps can still execute registries during the week at the stamps and registry department’s office.

    Approximately 40 projects in Noida and Greater Noida have agreed to the government’s deal, entailing a two-year zero-interest waiver during the Covid pandemic in exchange for an upfront payment of 25% of recalculated dues.

    BS Verma, assistant inspector-general of stamps and registry in Noida, highlighted that this decision was made in consultation with Noida Authority officials, anticipating an uptick in flat registrations as developers opt into the government package.

    However, the Noida Authority is concerned about the sluggish response from builders since the package’s launch. Only 13 out of 57 realtors eligible for the package have submitted consent letters to the Authority. The Authority has given builders until February 22 to confirm their stance on the package; failure to do so will result in full dues payment.

    Also read : DDA Opens Registration for Over 780 EWS Flats in Narela

    Related Posts

    Latest posts

    Delhi RERA chief warns real estate developers (About investors Trap)

    Real estate developers need to watch out for investors who might disrupt their finances and cause their projects...

    AIPL PRESENTS SUPERSIKH VAISAKHI 5K RUN

    AIPL (Advance India Projects Limited) presents SUPERSIKH VAISAKHI 5K RUN in partnership with the World Punjabi Organisation (WPO)...

    Ashiana Housing sold 224 flats saleable value of 440 crore in just 15 minutes at its prestigious projects Amarah

    Ashiana Housing announced that it has sold out the entire phase 3 of its prestigious project, Ashiana Amarah...

    Why Bhiwadi is Becoming a Hotspot for Real Estate Investment in India

    Bhiwadi, a lesser-known industrial town near Delhi, is quickly becoming a popular spot for real estate development, similar...