Registration of builder-buyer agreement mandatory on payment of 10% of flat price in Greater Noida

“In fact, level buyers were demanding,” helium told The Indian Express, “that support beryllium granted to registry the statement betwixt the builder and the purchaser connected the outgo of 10 per cent by the buyer, truthful that they tin person a ineligible document.”

Among different important decisions taken during the gathering for level buyers and residents of Greater Noida was the 1 to registry the statement to sell. Buyers volition request to wage the afloat stamp work astatine the clip of signing the statement to sell. Once the buyers get the possession of the flats, they volition beryllium registered aft a stamp work of Rs 100 is paid.

“Because the buyers person ineligible documents, the builders volition not beryllium capable to perpetrate immoderate benignant of fraud. Also, the registry section volition person the stamp work connected time,” Kumar added.

Authority president Manoj Kumar Singh, who is besides the Uttar Pradesh main secretary, chaired the gathering attended by different elder officials.

The Amitabh Kant Committee’s recommendations to code the obstacles of bequest projects successful existent property were besides discussed successful the meeting. The mode has been cleared to implicit 73 builder projects and supply homes to the buyers.

Out of astir 62,912 flats included successful these 73 projects, 30,477 person been registered truthful far. There are 98 projects successful Greater Noida that autumn nether the scope of the argumentation prepared connected the ground of the committee’s recommendations. Twenty-five per cent of the magnitude was deposited for the 73 projects, resulting successful the authorization receiving an outstanding magnitude of astir Rs 547 crore, with astir Rs 1,300 crore expected to beryllium received successful a year. Completion certificates person been issued for 38,661 of the flats.

The committee was besides informed that Gangajal is being supplied to 50 retired of the 58 residential sectors successful Greater Noida. “We volition statesman the proviso of Gangajal by December this twelvemonth successful each 58 sectors successful Greater Noida,” said Kumar, the CEO.

He besides said that enactment has commenced connected the program to proviso Gangajal to Greater Noida West, adding that 3 reservoirs person been constructed for the purpose.