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Real Propmart
Green light for Noida flats in `a few days'
New DelhiNoida
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For nearly 1 lakh homebuyers in Noida, the biggest hurdle in the way of getting possession of flats could be gone this week or the next.Union minister and Gautam Budh Nagar MP Mahesh Sharma on Wednesday said the Centre had finalized the no-construction zone around Okhla Bird Sanctu ary and will issue the notification in “a few days“. The restricted zone is being kept at a radius of 100 metres on the Noida side, leaving realty projects out, sources said.
Sharma made the announcement after a meeting with environment minister Prakash Javadekar, in which representatives of homebuyers' associations were also present. A highly placed source in the Union environment ministry (MoEF) told TOI that Javadekar had cleared the final notification on the reduced eco-sensitive zone around the Okhla Bird Sanctuary . “There is a legal procedure in bringing out the final notification. Things have been speeded up and the notice will be out soon,“ the source said.
After his meeting with Javadekar, Noida MP Mahesh Sharma said, “We have been assured by the minister that the final notification will be brought out over the next few days. This will bring much relief to homebuyers who have been hard-pressed financially because of the stay on con struction activity.“
The MoEF had last year released a draft notification of the no-construction area, or eco-sensitive zone, around the Okhla Bird Sanctuary , marking its contours at a radius of 100 metres to the west, south and east of the park and 1.27km to its north. The final notification, according to the MoEF source, will make no change to this, ensuring that no realty project in Noida gets affected.
These projects were thrown into uncertainty after the National Green Tribunal demarcated a 10km area around the sanctuary as an eco-sensitive zone because the UP government hadn't officially marked a buffer area. As a result, no new building in that area could get a completion certificate. One lakh flats have already been built, 50,000 of them ready and waiting to be handed over.
Sharma held several meetings with homebuyers in recent days, the urgency coming on the back of Congress vicepresident Rahul Gandhi's meeting with flat-owners on May 2.
Manoj Gaur, president of the NCR chapter of real estate body Credai, said, “It's a great relief for not just buyers but builders and even the state government. While the builders will finally be able to procure completion certificates, buyers will be able to register their properties, and above all, the state government will be able to procure close to Rs 2,000 crore worth of stamp duty .“
From: Times of India
So builders like Jaypee Greens are not bounded and can provide the possession to their home buyers in those projects whose are almost constructed.
Sharma made the announcement after a meeting with environment minister Prakash Javadekar, in which representatives of homebuyers' associations were also present. A highly placed source in the Union environment ministry (MoEF) told TOI that Javadekar had cleared the final notification on the reduced eco-sensitive zone around the Okhla Bird Sanctuary . “There is a legal procedure in bringing out the final notification. Things have been speeded up and the notice will be out soon,“ the source said.
After his meeting with Javadekar, Noida MP Mahesh Sharma said, “We have been assured by the minister that the final notification will be brought out over the next few days. This will bring much relief to homebuyers who have been hard-pressed financially because of the stay on con struction activity.“
The MoEF had last year released a draft notification of the no-construction area, or eco-sensitive zone, around the Okhla Bird Sanctuary , marking its contours at a radius of 100 metres to the west, south and east of the park and 1.27km to its north. The final notification, according to the MoEF source, will make no change to this, ensuring that no realty project in Noida gets affected.
These projects were thrown into uncertainty after the National Green Tribunal demarcated a 10km area around the sanctuary as an eco-sensitive zone because the UP government hadn't officially marked a buffer area. As a result, no new building in that area could get a completion certificate. One lakh flats have already been built, 50,000 of them ready and waiting to be handed over.
Sharma held several meetings with homebuyers in recent days, the urgency coming on the back of Congress vicepresident Rahul Gandhi's meeting with flat-owners on May 2.
Manoj Gaur, president of the NCR chapter of real estate body Credai, said, “It's a great relief for not just buyers but builders and even the state government. While the builders will finally be able to procure completion certificates, buyers will be able to register their properties, and above all, the state government will be able to procure close to Rs 2,000 crore worth of stamp duty .“
From: Times of India
So builders like Jaypee Greens are not bounded and can provide the possession to their home buyers in those projects whose are almost constructed.
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