Realtors hopeful as Noida master plan nears approval
The real estate developers of Delhi are resting at ease as the master plan for Greater Noida 2021 gets a step closer to approval. They believe that they would be able to resume construction once the National Capital Region Planning Board (NCRPB) gives the proposal a go-ahead.
Though the final clearance from NCRPB is yet to come, this decision has injected some optimism among developers as their investments were at hold for a long time.
The final decision on the approval is expected in the third week of July when the Chief Ministers of Rajasthan, Uttar Pradesh, Haryana and Delhi along with urban development minister Kamal Nath will review the issue at a crucial NCR Planning Board meeting.
If the decision taken is in developers’ favour, the price won’t be increased for the old customers who are waiting for possession of their flats.
To read more real estate news:
Noida RWAs to carry out servant verification survey
Buyers demand transparency from realtors, authority
Source: Tehelka
Approval, Chief Ministers, Delhi, Greater Noida, Haryana, Investments, Kamal Nath, Master Plan, National Capital Region Planning Board (NCRPB), Noida, Rajasthan, Real Estate Developers, urban development minister, Uttar Pradesh
