in

Allahabad HC directs state govt to reply on leasehold to freehold conversion in Noida, Real Estate News, ET RealEstate

Allahabad HC directs state govt to reply on leasehold to freehold conversion in Noida, Real Estate News, ET RealEstate
NOIDA: The Allahabad high court has directed the UP government to come up with a solution to an appeal by residents to convert leasehold property to freehold. The government has to respond on the next date of hearing, which is in the middle of October.

The court is hearing a petition filed by the Confederation of NCR Residents Welfare Association (CONRWA) on July 5 this year. “We have made an appeal before the high court for converting leasehold property to freehold in Noida. Two hearings have already taken place. During the latest one on September 14, the state government sought more time from the court,” said PS Jain, the CONRWA president.

According to Jain, the government lawyer informed the court that the appeal by residents was under active consideration and sought more time since the policy decision required a cabinet approval. “Our counsel objected to this, saying that a month’s time had already been given to the respondents in an earlier hearing. The high court then directed the respondents to take a final decision within the said period. It clarified that any further delay would not be accepted,” said Jain.

The demand for freehold property in Noida has been pending for more than 10 years. Through sustained campaigns, the Federation of Noida Residents Welfare Associations (FONRWA) managed to get the Noida Authority board’s approval in 2018 and 2020. But the matter is pending with the government.

According to the current setup, old properties in Noida are under 99 years’ lease while those relatively new are leased for 90 years. This is in contrast to other districts of UP.

“In UP, the freehold policy has been in existence since 1995. It is applicable in all major towns. Even some of the industrial authorities have allotted freehold land to developers. The Noida board has approved the policy. The state government should expedite its decision too,” said Sushil Aggarwal, one of the early settlers of Noida and a founding member of FONRWA.


What do you think?

Written by Realty Beat

Leave a Reply

Your email address will not be published. Required fields are marked *

Rajasthan government issues rate list for giving lease deeds, Real Estate News, ET RealEstate

Rajasthan government issues rate list for giving lease deeds, Real Estate News, ET RealEstate

Knight Frank, Real Estate News, ET RealEstate

Knight Frank, Real Estate News, ET RealEstate