Housing Scheme Noida : Noida Authority announces 340 new houses LIG, MIG and HIG Category

The Noida Authority has announced that it will allot 340 houses across several categories which include low-income group (LIG), middle-income group (MIG), and high-income group (HIG). The new houses will be allotted via lucky draw for those in LIG category and via e-auction for those in MIG and HIG category.

In its 208th board meeting chaired by UP Infrastructure and Industrial Development Commissioner Arvind Kumar, the Noida Authority has approved the scheme for the upcoming residential complexes that will come up in Noida’s Sector 52, Sector 62, Sector 71, Sector 99, Sector 118 and Sector 135.

“To ease the process of registry for flats owners, the facility of rescheduling will be brought from January 1 to March 31 for depositing overdue for residential and sports city plots in Group Housing, Commercial Department,” the Noida Authority said.

It added, “Under the rescheduling facility, the instalments will be rescheduled by capitalizing the overdue amount of premium/interest/ or earlier rescheduled premium/interest and additional compensation, lease rent and overdue future instalments. The tenure of the rescheduled payment plan will not exceed two years.”

The Noida Authority also announced bringing in a three months’ amnesty scheme for exemption of interest on water charges and regularization of unauthorized water connections which will be applicable only till March 31 after which normal rates of recovery would apply.

Talking about the extension of time fixed for completion of work in builders plots, the authority said that for speedy execution of sub-lease deed of flats in favour of home buyers, it has been decided that time extension fee would be charges based on area constructed and the remaining area on the project.

Regarding the determination of rates of land to be purchased from farmers by mutual agreement, the Noida Authority said that initially it made a purchase based on registered sale deed at the rate of ₹5,060 per sq m. However, it was later increased to ₹5,324 per square metre in public interest.

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