Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

House Plots demanded in Industrial Sectors by Delhi and NCR Businessmen

No Comments Sub Category:Delhi-NCR,Realty News Posted On: May 23, 2014

City based industrialists demand that residential plots which lay within the industrial sectors should be reserved for them, on hearing the Noida Authority’s Announcement that the owners of institutional plots could sell parts of their land for residential use.

The decision had been bestowed by the Authority for increasing housing projects in these areas.

A letter had been addressed to the Authority chairman Rama Raman, the Noida Entrepreneurs’ Association (NEA) and it was said that the establishment of Noida was primarily done for the development of industries. This is why the industrialists have been promised to receive residential plots. Vipin Malhan president of NEA said that even after so many years have passed, their promise hasn’t been fulfilled. They demand that the Authority schemes out a proposition where residential plots are kept for industrialist as soon as possible.

He added that the Authority had given a percentage of land in institutional plots to be converted into residential areas; there should be a simultaneous increase in FAR (floor area ratio) and thus few parts pf lands can be used for residential facilities.

NEA also demanded that rather than allotting plots to builders the Authority must lay a scheme where residential plots are reserved for the industrialists. Malhan also said that till a scheme like this is bestowed the Authority is demanded of a percentage of industrial plots to be transferred as residential area which would help industrialists to work smoothly.

Source: The Times of India

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!