Noida Extension
The recent Supreme Court ruling brings to light the fact that the builders need to be more transparent regarding the land they are developing and the buyers need to be more cautious about the status of the land on which their flats/houses are being built.The Supreme Court ruling has come as an eye-opener to all [...] Continue Reading »
The seven major builders active in the Noida Extension area on Wednesday announced they would repay – with interest – all those home buyers who wish to withdraw from the stricken housing projects after the Supreme Court’s order on Tuesday. In spite of the developers’ assurances, many members of Noida Extension Owners’ and Members’ Association [...] Continue Reading »
Builders are estimated to have launched a minimum 50,000 housing units in Noida Extension, which is part of Greater Noida, but buyers are keeping safe distance in the face of the Supreme Court judgement annulling 156 hectares of land acquired for building about 6,000 of these houses. Sale of housing units have virtually come to [...] Continue Reading »
The pricing of properties in Noida Extension was between Rs 15 and 25 lakh for a 2/3-BHK flat since the rates and the unit sizes offered were less than those compared in Gurgaon. The per unit rate begins at Rs 45 lakh for a 2-BHK flat. However, the only way in which the SC judgment [...] Continue Reading »
With farmers in Sahberi and other Noida Extension villages now eager to sell land directly to builders for higher rates, the govt is worried that planned development in the area could go for a toss. TOI did a quick survey of the Noida Extension-Greater Noida belt and found several unauthorised enclaves plotted and sold by [...] Continue Reading »
over 300 flat buyers in Noida protested at Kisaan Chowk on the Greater Noida-Ghaziabad highway against the real estate developers. Even four days after the SC verdict arrived, neither the builders nor the authority were willing to state clearly the lands which were disputed and which ones were not in the area, the investors said. [...] Continue Reading »
While homebuyers have suddenly become wary of investing in the Noida Extension-Greater Noida belt, house prices in Ghaziabad are on an upswing, with middle-income buyers looking upon the area as a ‘safe bet’. Builders say both enquiries and bookings for flats have increased since the land acquisition controversy erupted in Noida Extension. Older and more [...] Continue Reading »
Thousands of villagers of Bisrakh Patwadi, Khairpur, Iteda, Haibatpur and Ghanghoula, all part of Noida Extension , are now seeking legal help to move the Allahabad High Court, seeking reversal of acquisition of their land. As per sources, over 15,000 hectares of land has been acquired in the Greater Noida in the last twenty years, [...] Continue Reading »
“Noida as well as Greater Noida offer a wide range of affordable housing, so the demand cannot go down for such units. At present, there is confusion in the minds of buyers because of the SC order. This should settle down in the next fortnight,” said Getamber Anand, vice-president CREDAI. However, while many property agents [...] Continue Reading »
Supreme Court on Wednesday upheld an Allahabad High Court judgment cancelling land allotment in Shahberi village. Nearly 6,500 apartment and villa owners in seven residential projects in Noida Extension are nervous after the judgement. The verdict is, however, expected to delay projects in the area. Around 5,500 units in Shahberi have already been sold and [...] Continue Reading »
