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Noida denizens to face a blockade in buying Dream Homes

No Comments Sub Category:Community,Realty News Posted On: Oct 24, 2011

The denizens in Noida were downtrodden with the judgment passed by the Allahabad High Court in concern with the hurdles of them establishing dream homes. G L Sagar the secretary of Noida Extension Flat Buyers Welfare Association ( NEFBWA) reported saying that the Greater Noida Authority has approved for the implementation for the Master Plan 2021. The developmental work in concern with these plans have been approved by the High Court judges, and also the work will be carried with the accordance of earlier Board approved Master Plan. However the board is said to have government members from states like; Rajasthan, Uttar Pradesh, Haryana and also Delhi.

The main issue with the buyers in concern with this master plan dream house is that, the banks may not lend loans on installment basis unless all the matters are approved form the court of law. This plan is lacking the ‘written assurance’ which would clearly state the scenarios of property price hike in future. Alok Gupta, a home buyer in Panchsheel Greens project reported over the same saying that the loan might get freeze as the builders would charge extra fee for them paying the property fund late. However the property buyers are now the sufferers midst the court decisions and the builders pressures. Property buyers are facing a state of threat if their “dream house” would remain as a dream only.

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