Property Haat

24/08/2014

The registration for these flats would be open to applicants from September 1 and the last date to receive the application is October 9.

-The draw of lots would preferably be taken out within 20 days of the close of the scheme.

-The DDA has introduced a new clause in which a buyer will not be able to sell his flat for the next five years after possession.

-The registration fee for general category flats will Rs 1 lakh, while it will be Rs 10,000 for the EWS (Economically Weaker Section) category.

-A ceiling of Rs 1 lakh of annual income has been prescribed for those applying under the EWS category.

-Of the 25,034 flats, 22,627 will be one-bed room apartments. A total 896 flats are newly-built flats out which 512 are for middle income group. Of these, 700 flats will be reserved for people belonging to economically weaker section (EWS).

-The price for middle income group flats will range between Rs 41.30 lakh and Rs 69.90 lakh, while one-bedroom flats will cost around Rs 10 lakh. For higher income group flats, the cost will be over 1 crore, while it will be Rs.10,000 for EWS flats which will cost between Rs.7 lakh to Rs.11 lakh.

-For the first time, DDA has also decided to do away with attachments along with the application forms and now only a photocopy of PAN card would be needed for the process.

-There is no income limits on one-bedroom apartments and any eligible candidate can apply. For EWS category, there will also be an option to pay the cost of the flats in instalments

-One person can submit one application only. Both husband and wife can apply for flats subject to fulfilment of eligibility conditions with a stipulation that if both are found to be successful, only one of them shall retain the allotment of a flat.

24/08/2014

National Green Tribunal
When the state government has recommended 100 metres around the sanctuary as the eco-sensitive zone then why doesn’t NGT (National Green Tribunal) allow the authority to give us completion certificates. The situation in Noida puts further pressure on the stressed balance sheets of many developers.
The situation in Noida puts further pressure on the stressed balance sheets of many developers operating in the area. “There is so much confusion even around how to measure the 10-kilometre radius. No one in Noida is getting completion certificates whether they think they are in the zone or not,” said Ajnara group’s Gupta. Some developers say it has become difficult to launch new projects.
“We are finding it difficult to launch new projects in the vicinity of the sanctuary because investors and banks are reluctant to fund such projects till there is clarity on the matter,” said Shakti Nath, managing director of the Logix group, which has put three of its mixed-use projects on the backburner due to the issue.
In October last year, the tribunal had directed the Noida Authority to stop all construction activity within 10 kilometres of the sanctuary and asked the central government to fix the rules on the distance to be kept for such developments from wildlife sanctuaries.
The Centre then asked state governments to suggest rules for sanctuaries depending on how fragile they were. In February this year, the Uttar Pradesh government sent its recommendation for deeming 100 metres as the eco-sensitive zone.
which has around 1,500 apartments waiting to be handed over to buyers. Projects of more than 45 developers including Jaypee, Amrapali, ATS, Logix and Ajnara have been impacted, with buyers demanding penalty from them for the delay.

12/04/2014

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