Noida Extension flat owners express concern over Allahabad High Court ruling
Feb 09, 2014
Source : The Economic Times


GREATER NOIDA: With the Allahabad High Court recently asking the authorities to return land acquired at Patwari village to its original owners, the Noida Extension Flat Owners Welfare Association (NEFOWA) today expressed its concern over the development.

Hundreds of flat buyers today met to discuss the issue, and said any decision involving the Greater Noida West Housing Project should be taken after considering the sentiments and welfare of thousands of middle class home buyers.

"Buyers of all housing projects are under a great dilemma. Despite assurances from the authority and the builders, they are totally confused and unable to understand whether their projects are affected by this order or not," NEFOWA general secretary Shweta Bharti said.

"The existence of Greater Noida West Housing Project must be saved," she said, adding that such court verdicts "will severely hamper the pace of the construction in the whole Noida Extension projects".

"After the approval of Master Plan, we had high hopes that soon we will get our homes but the recent decision has spilled water on our aspirations," she said.

Meanwhile, on a petition filed by the Noida Extension Flat Owners Members Association, the high court had sent notices to six builders to submit their replies regarding the association's claims of harassment and delay in possession and cancellation of some allotment.

Latest Realty News

Indian economy to grow at 4.9 percent in 2013-14
Feb 08, 2014
DELHI: The Indian economy is expected to grow by 4.9 percent in the financial year ending March 31, 2014 as compared to 4.5 percent expansion recorded in the previous year, government data showed Friday.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
Planned urban infrastructure key to growth in Delhi-NCR
Feb 08, 2014
DELHI: Investment inreal estate in the long term is always rewarding. Among all the asset classes, the long-term real returns from real estate are the highest. But for this, one must find out the right areas to invest. In the Delhi NCR, there are a number of pockets, where the return can be very good.
Is it sensible to buy resale flats?
Feb 08, 2014
DELHI: Rahul was tired of shifting flats due to the ever increasing rental rates in Delhi until he decided to invest his money in purchasing a resale flat. In addition to a hefty discount, the flat came readymade with an instant-shift tag. Rahul can now spend the saved money on the interior decor and can flaunt his cheap yet elegant home to his colleagues.
Tata Housing to invest Rs 300 cr on housing project in Chennai
Feb 08, 2014
DELHI: Tata Housing will invest Rs 300 crore on developing a new housing project near Chennai.The project 'Santorini', spread over 18 acres, comprises 1,000 housing units. Located on Chennai-Bangalore highway at Sriperumbudur, the project will be developed by its subsidiary Tata Value Homes Ltd.
Where to focus when building your dream home?
Feb 08, 2014
DELHI: Karan, a money-conscious individual, had managed to accumulate enough funds while working as a software engineer in Delhi and decided to invest them in his dream home. He was aware of the process related to purchasing a land and hiring a contractor. However, little did he know that constructing a home requires following a practical and scrutinized construction plan. The things did not go as per the plan and Karan had to settle down with an inferior and below par home.
Govt to launch Integrated Processing Development Scheme
Feb 07, 2014
DELHI: To address the environmental issues faced by textile processing units, the government will come out with a new Integrated Processing Development Scheme, Parliament was informed today.
Mixed land use policy to soon be implemented in Noida
Feb 07, 2014
DELHI: After an in principle approval of mixed land use policy for specific areas within industrial and residential sectors in November last year, Noida Authority on February 6 held a meeting with residents and entrepreneurs to discuss the issue.
Realty projects for mid-segment in Delhi-NCR
Feb 07, 2014
DELHI: Mohan Nagar in Ghaziabad is registering aggressive real estate activity owing to the affordable housing options that developers are providing here. Thousands of people who are denied a chance of owning a house in plush locations of the NCR like Delhi, Noida, and Gurgaon are seeking out projects in this area.
Affordable luxury and timely delivery woo customers to Raj Nagar Extension
Feb 07, 2014
DELHI: Located along NH-58-Ghaziabad-Meerut Road-Raj Nagar Extension is considered as one of most affordable realty hotspots for end users and investors.

Latest Realty News Of State

Realty Talk's