Noida authority gives permission to process registries of 13,600 flats in 35 stalled housing projects | Details here
Hindustan Times. The total dues of the developers is ₹2,000 crore of which they have agreed to pay ₹552 crore to obtain the permission for registries for the stalled housing projects. The 35 housing projects where flats are eligible for registries include The Hyde Park in Sector 78, Prateek Fedora in Sector 61, Apex Dream Homes in Sector 75, Gulshan Homes in Sector 144, Divine Meadows in Sector 108, Golf Avenue in Sector 75, Elite Homes in Sector 77, Gulshan Botnia in Sector 144, Mahagun Moderne in Sector 78, Sunshine Helios in Sector 78, Sunworld in Sector 107, PAN Realtors in Sector 70, ATS Township in Sector 104 and Omaxe Buildwell in Sector 93B, among others as per the HT report.
Sebi wants to nurture Indian real estate’s ₹4,000 crore baby. But why? Lokesh M, the chief executive officer (CEO) of Noida authority, told Hindustan Times that 12 realtors have already paid their dues and got permission for the registry of around 1,200 apartments. The CEO said that out of 57 developers, 37 have given their consent to pay dues.
The Noida authority has begun the process to issue permission for the registry of 3,200 apartments as per the rule in 35 stalled housing projects, the CEO informed the daily. Shapoorji Pallonji Real Estate announces BKC 9, a project financed by WSB Fund II Noida authority permits registry after developers pay 25% of their total dues as per the Uttar Pradesh government policy. The developers get penal interest for two Covid-19 years.
Therefore, after the deduction of the penal interest, the 35 developers have consented to pay 25% of the total dues. The registry permission will also be granted in other stalled housing projects once the developers clear the remaining dues, Lokesh M added. Real estate
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