Noida authority sends notice to developers with pending projects in NCLT
6 months ago

Noida authority sends notice to developers with pending projects in NCLT

Hindustan Times  

NOIDA: The Noida authority on Friday said that it has issued notice to multiple realtors, whose realty projects are pending in the national company law tribunal, asking them that they can use the rebates on interests on their financial dues if they manage to withdraw their cases on trial before the NCLT. As per the norms of the state government policy, which was announced on December 21, 2023, if a company is facing trial in NCLT, it cannot take benefit of this policy. As per the norms of the state government policy, which was announced on December 21, 2023, if a company is facing trial in NCLT, it cannot take benefit of this policy, said officials. “If the NCLT cases are resolved in 15 days’ time in a realty company then they can apply to take benefit of the rebates on interests imposed on them for their default in payment of the land cost dues,” said a Noida authority official, aware of the matter.

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History of this topic

NCR real estate news: Developers demand more time, waivers to complete stuck housing projects
3 months, 3 weeks ago

NCR real estate news: Developers demand more time, waivers to complete stuck housing projects

Hindustan Times  

Real estate developers in Noida and Greater Noida, in a letter to the state and central government as well the Noida and Greater Noida authorities, have demanded additional time, more waivers, relief from banks and other benefits to deliver stuck housing projects in the National Capital Region. The authority in its report to the state government on Saturday said they …

Noida Authority takes steps to give more waivers to real estate developers
4 months, 4 weeks ago

Noida Authority takes steps to give more waivers to real estate developers

Hindustan Times  

The Noida authority has started taking measures to offer interest waivers to realtors whose construction work was disrupted due to orders of the National Green Tribunal, officials of the authority said on Thursday. After a two-year “zero period” due to the Covid-19 pandemic, the authority will offer additional relief to builders affected by NGT’s orders to halt construction within 10km …

Noida authority to act against 12 realtors for not paying dues
7 months ago

Noida authority to act against 12 realtors for not paying dues

Hindustan Times  

The Noida authority on Thursday said it has decided to take stringent action against realtors who are yet to clear their land dues, despite the government announcing a policy last December that gave builders a chance to avail of rebates on interest rates and clear dues. There are 57 defaulter projects in Noida, and of these, developers of around 30 …

Noida: Proposal for homeowners to pay more for registering flats mooted
7 months, 3 weeks ago

Noida: Proposal for homeowners to pay more for registering flats mooted

Hindustan Times  

NOIDA: The resolution professional, appointed by National Company Law Appellate Tribunal for Supertech Limited’s six pending housing projects in Noida and Greater Noida, has suggested that if buyers opt to pay additional money against their apartment, he can register the property since registration is possible only after the Noida Authority’s land cost dues are paid up. According to Hitesh Goel, …

Noida directs 42 real estate developers to clear dues; obtain permission for executing registry
8 months, 1 week ago

Noida directs 42 real estate developers to clear dues; obtain permission for executing registry

Hindustan Times  

The Noida authority has directed 42 of the 57 realtors to pay their dues and obtain permission for executing registry, thereby offering relief to homebuyers who have been waiting for long to transfer flats to their names. The Noida authority said in the meeting, it was confirmed that 42 of 57 realtors have given their consent to make payment of …

Stalled real estate projects: Noida Authority tells realtors to opt for relief package and clear dues by Feb 22
10 months, 1 week ago

Stalled real estate projects: Noida Authority tells realtors to opt for relief package and clear dues by Feb 22

Hindustan Times  

The Noida Authority has fixed February 22 as the last date for realtors to accept a waiver and clear their land cost dues in accordance with the terms of a realty policy, notified by the Uttar Pradesh government last December, officials in the know of the matter said on Thursday. Noida Authority has fixed February 22 as the last date …

Noida: Feb 22 is last date to take waiver and clear dues, realtors told
10 months, 1 week ago

Noida: Feb 22 is last date to take waiver and clear dues, realtors told

Hindustan Times  

The Noida authority has fixed February 22 as the last date for realtors to accept a waiver and clear their land cost dues in accordance with the terms of a realty policy, notified by the Uttar Pradesh government last December, officials in the know of the matter said on Thursday. “We have fixed February 22, 2024, as the last date …

Greater Noida authority holds meeting with realtors
11 months, 2 weeks ago

Greater Noida authority holds meeting with realtors

Hindustan Times  

Uttar Pradesh additional chief secretary Manoj Kumar Singh, who is also chairman for the Greater Noida authority, on Sunday met 52 realtors and directed them to make use of the recently announced policy to address the financial issues being faced by the real estate sector. The Noida authority directed the promoters to make use of the recently announced policy to …

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