Friday, 21 August 2015

Noida promises completion papers in a week


A day after the Centre notified the eco-sensitive zone around the Okhla Bird Sanctuary, the Noida Authority promised to hand over the completion certificates to developers and builders within a week.

Rama Raman, CEO of the three development authorities in Gautam Budh Nagar, directed Noida's planning department to work on the weekend to process the 40 applications it has received so far. The
promise, however, comes with a rider — Raman has asked all allottees of group housing and
commercial projects to clear dues first. Without a 'no dues certificate', completion certificates will not be given. "This has already been conveyed to builders and developers," Raman said. "We will also make sure norms laid down for completion certificates are complied with. Inspections will be carried out," he added, stressing the Authority too was very keen on making the homes available to their owners.

Raman also said Noida was equipped to accommodate the additional population that is expected to move into the city with 35,000 flats set to be delivered. "All our infrastructure and amenities are in place," Raman said. "At the time of allotment, whether for group housing or commercial, we make sure basic amenities of power, water, sewage, road networks, police stations, fire stations and parking are in place. Also, when we sanction layout plans, we ensure infrastructure in the area supports the expected population density," he explained. He said several infrastructure projects, including elevated roads, underpasses, bridges, multi-level parking facilities and additional power stations, were in various stages of development.

"We expect the entire region to look up economically. The mood in the real estate sector should certainly lift with this notification," Raman said, adding, "With strengthened credibility, we also expect more investments in the region."

Source: magicbricks

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