Land Circle Rate Hike Unacceptable: Residents of Noida


Noida: Angered by the proposed increase in county prices here, a local residents’ association with nearly 40,000 homeowners as members called on Uttar Pradesh Cabinet Minister Satish Mahana to reconsider the move on Monday. The Noida Federation of Apartment Owners’ Associations (NOFAA) has also sought a meeting with Mahana, Minister of Infrastructure and Industrial Development, to resolve some other burning issues regarding the residents of high-rise companies in the Gautam Buddh Nagar district.Also Read – Probably Rain Today In Delhi, Noida, And Other Neighboring Areas: IMD

The government’s recent proposal to raise county rates and thus the cost of real estate here met opposition from another civic organization, the Federation of Noida Residents Welfare Association (FONRWA), and the property developer group, the National Real Estate Development Council (NAREDCO) . . “The latest proposal for a 40 to 87 percent increase in the district rates for housing associations would hit the pockets of homebuyers very hard. Of all the residents of the high-rise society are worst affected. With nearly 40,000 registrations still pending, such an increase would be unacceptable, ”said NOFAA President Rajiva Singh in a letter to Mahana. Also Read – HDFC Bank is undergoing maintenance, digital services will be met on THESE days. Important update here

The association also said it would meet the district judge shortly, as well as the CEOs of all three local authorities, to highlight the impact and concerns of residents of the high-rise society regarding the proposed increase in the district tariff. Gautam Buddh Nagar, which consists of the twin cities of Noida and Greater Noida, has also had problems with basic infrastructure and public facilities in recent years, and residents of high-rise buildings have suffered the most, it said. Read also – Emerald Court Project: NOIDA smells like corruption, fighting with Supertech, says SC

“The suffering of homebuyers never ends”

Sachin Goyal, Vice President of NOFAA, said: “The contractor is delaying or refusing to pay IFMS (Interest Free Maintenance Security) fees in most cases. We knocked on all doors, but so far there has been no result. Reclaiming the IFMS amount and additional interest on that amount is always a challenge. ”“ Builders don’t listen to anyone and companies are left with by and large incomplete work. There is no end to the suffering of homebuyers, ”he added.

NOFAA has over 71 high-rise companies under the umbrella of the federation with almost 40,000 apartments. Another 30,000 apartments are registered. “Although our association has tried to define the handover process to help the AOAs run smoothly and function, ownership of the Noida Authority is urgently needed in this process, said NOFAA Secretary General Rajesh Sahay. He added that homebuyers are simple people with no background or experience in the complexities of the construction business. “In several cases, what the builder promised is not actually being delivered to the buyers,” claimed Sahay.

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