Noida Authority may allow registry of flats without NOC

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For increasing the delivery rate of flats to the home buyers the district administration is thinking of permitting registry of property regardless of whether the Authority has not given a ‘no-objection certificate’ (NOC) to the project through a agreement to sub-lease’ between the developer and purchaser, authorities said . This idea was talked about in a meeting between authorities of the locale administration and the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) on Saturday. The authorities likewise evaluated changes in laws that currently make it compulsory for development authorities to issue completion certificates to developers within eight days of applying for it. “There were numerous situations where the homes were prepared, yet the builder had not cleared the Authority’s dues and didn’t get a NOC. In such cases, the purchasers are abandoned and would in some cases be crouched into the homes they paid for yet would not have any legitimate record for possession,” BN Singh Told

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Slide1:

Noida Authority may allow registry of flats without NOC

Slide2:

For increasing the delivery rate of flats to the home buyers the district administration is thinking  of permitting registry of property regardless of whether the Authority has not given a ‘no-objection certificate’ (NOC) to the project  through a agreement to sub-lease’ between the developer and purchaser, authorities said .

Slide3:

This idea was talked about in a meeting  between authorities of the locale administration and the Uttar Pradesh Real Estate Regulatory Authority (UP- Rera ) on Saturday. The authorities likewise evaluated changes in laws that currently make it compulsory for development authorities to issue completion certificates to developers within eight days of applying for it.

Slide4:

There were numerous situations where the homes were prepared, yet the builder had not cleared the Authority’s dues and didn’t get a NOC. In such cases, the purchasers are abandoned and would in some cases be crouched into the homes they paid for yet would not have any legitimate record for possession,” BN Singh Told

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