Plot owners may get max 5 years to start construction
Last year in June, GNIDA had proposed that allottees be required to construct on 100% of the area allowed under Floor Area Ratio (FAR) on a plot within two years of allotment
Sep 11, 2014
Source : The Times of India
Greater Noida Industrial Dev Authority

 

GREATER NOIDA: Landowners in Greater Noida will be hit hard if the Greater Noida Industrial Development Authority (GNIDA) changes its building bylaws. A new proposal, likely to be approved in the next board meeting, will make it mandatory for plot owners to build approved structures on their plots within five years of allotment, failing which could lead to cancellation of the allotment and confiscation of the plot by the authority.

According to sources, the decision comes following a recent case of an allottee was penalized Rs 70 lakh by GNIDA for not constructing on his plot. The allottee sought judicial reprieve, upon which, sources said, the court hauled up GNIDA for levying such a high penalty for a plot that cost only Rs 10 lakh. As a result, Greater Noida officials have henceforth decided to get strict about collecting penalties for building violations by allottees.

Last year in June, GNIDA had proposed that allottees be required to construct on 100% of the area allowed under Floor Area Ratio (FAR) on a plot within two years of allotment. Greater Noida city, which has been in existence since January 1991, has fallen way below its targeted population, by almost 25%. The proposal to amend the bylaws had come in the wake of land speculation, and an attempt to meet the target population.

Many allottees, however, questioned the effectiveness of government's method of achieving its target. "The government will neither be able to curb speculation, nor foster habitation through such rules. Instead, in many cases, it could increase the financial burden," said Arvind Srivastava, a property owner.

Property owners say GNIDA would be able to encourage occupancy by offering incentives for quicker habitation to allottees.

"Basic amenities like public transport, electricity and water and waiving of lease rent for people whose houses are occupied within the first few years

would work wonders. The emphasis should be on occupation, not construction," said an owner.

Official said the proposal would be sent to the state government for approval, after being approved by the Authority board.

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