Noida Extension Flats : This is a great relief for all: homebuyers, developers and promoters. Homebuyers, who were burdened with loan repayments and uncertainty of the project in which they invested, can now heave a sigh of relief.
The resumption of work in Noida Extension Flats, however, is likely to impact realty market. There are indications from developers that they would go for a price revision once the draft gets the final nod from the NCRPB.
The NCRPB’s technical committee recently cleared a revised draft of Greater Noida Extension Flats Master Plan-2021. The Noida Extension Flats master plan will now come up at the board’s meeting headed by Union urban minister Kamal Nath and attended by the chief ministers of all the NCR’s adjoining states like UP, Haryana, Rajasthan and Delhi.
After a green signal at this meeting, the Greater Noida Industrial Development Authority (GNIDA) will produce an affidavit before the Allahabad high court for the resumption of construction at Noida Extension Flats.
The NCRPB holds the centre stage after the Allahabad high court dismissed the review petitions moved by the farmers and the Noida Extension Flats and Greater Noida authorities.
The NCRPB reviewed Noida Extension Flats Master Plan-2021 following the order of the Allahabad high court in October 2010, which put a stop to all construction in areas for which the plan had not been approved by the board. After seeking certain modifications in the Noida Extension Flats plan, the committee has decided to recommend it to the board for its final approval.
The NCRPB, in its revised draft to the master plan, has directed the GNIDA to incorporate changes in 11 different aspects like allocating 16% of the total proposed urban area for green development, a buffer zone of 1-2km between Noida Extension Flats and Greater Noida, which is demarked by the Hindon river, flats for the EWS (Economically Weaker Sections), infrastructure provisions for orbital and mono rails, a dedicated freight corridor, a BRT corridor, etc.
Noida Extension Flats Price