3,000 owners not registered their flats
As per the current circle rates, the flat owners in Noida have failed to register their premises.
The flat owners were given six months to comply with it by the Supreme Court, however no progress has been witnessed till date.
There is high on fire argument going on between the flat owners in Noida who say that sub-lease does not make any sense to them apart from them spending lakhs and crores from their own pocket.
On the other end of the argument, the Noida Authority and UP Stamps and Registration Department say that they would run under loss if there is absence of sub-lease of societies.
The Noida authority officials say that there are around 1,000 individual flat owners and three sub-registrar offices in Noida out of which 3,000 such flat owners still haven’t registered their flats.
Source: The Times of India
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