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Noida Master Plan gets nod from NCR Planning Board

property-price-riseDelhi-NCR- With a nod on the Master plan of Greater Noida by the style committee of the NCR Planning Board, the Noida Extension associates are relieved off a greater burden. For the first time since a year, the Greater Noida Authority along with farmers and developers who are about one lakh in number are planning to address their grievances at the earliest.

Owing to this change, the developers feel that the former purchasers will not be affected to a greater extent but the new ones will have to shell out a large amount of money due to the increase in property prices when compared to the previous year. As per the greater Noida authority, their priorities are towards solving the grievances of all the farmers whose lands have been acquired.

Ever since the land controversy has begun, the members of the Noida Extension flat owners and the members association have been quarreling over the issue.  This issue has resulted in multi-layered complications and also that land in eight villages has been denotified.

There are about forty villages with lands unfinished from the court and owing to this, the master plan cannot be proceeded without addressing these grievances on a priority basis.

These new changes not only benefit the purchasers but will also benefit the developers who have invested in residential properties in  Greater Noida.

Henceforth with the master plan in effect, there are grave changes to be expected in the realty industry.

Read more real estate news

NCRPB approves Greater Noida master plan

Mega housing projects are launched in Noida-Greater Noida

 

 

 

 

One Response to “Noida Master Plan gets nod from NCR Planning Board”

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