Relief news for more than 20 thousand investors, clear way to get flat

Noida Authority has given a respite to the builder and investors and has made changes in policy to issue compliance certificates. Under the new policy, more than 20 thousand investors of 39 projects in the first phase will be cleared for getting their flat occupied.  Under the policy, the benefits of this scheme can be raised from September 1 to November 30. Authorities have issued orders in this regard.  Regarding the change in policy, Chief Executive Officer of Noida Authority Amit Mohan Prasad said that if the builder deposits 10 percent of the amount of the current liability of the authority over the builders, in such a situation, the temporary compliance will be issued to the builder. .

                                                     

Compliance will be released only when it will be seen by the Planning Department that the tower that the builder has applied for has full facilities ie water, sewer, parking and fire NOC or not.  Under the changes made in the policy, the builder is required to apply for the 10 tower and if 10 percent of the outstanding amount is deposited, it will be issued a temporary compilation of its 50 percent ie the 5 towers.