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Homebuyers can clear Greater Noida development body’s dues till Sept 30, Real Estate News, ET RealEstate

Homebuyers can clear Greater Noida development body's dues till Sept 30, Real Estate News, ET RealEstate
GREATER NOIDA: About 3,500 homebuyers from various sectors of Greater Noida, who have defaulted on payments to the Greater Noida Industrial Development Authority (GNIDA), will now get time till September 30 to clear their dues.

According to GNIDA’s records, there are 3,369 homebuyers and 217 plot owners who have defaulted on payments. They are from sectors 3, Omicron 1, 1A and 2, Xu 2 and 3, Mu 2, Eta 2, Alpha, Beta, Delta and so on. Officials said only simple interest would be levied on the compensation that is due. The additional penalty on interest will be waived.

Apart from this, if there is any delay in getting a lease deed done, a 40% rebate will be given on the total late fee. “If one has purchased a residential plot or constructed a building on GNIDA land and owes the authority some payment, the last date of availing exemption on payment of the total outstanding amount is September 30. We had approved this one-time settlement scheme in our board meeting on June 26. After September 30, the allottees will have to pay the entire outstanding amount with due interest,” said Narendra Bhooshan, the GNIDA CEO.

Under the scheme, owners of plots measuring up to 150 sqmt will have to pay Rs 2,000 as processing fee. For those allotted bigger plots, a processing fee of Rs 5,000 will be levied.

The application form for the scheme is available on the GNIDA website. For any information on the scheme, one can dial the authority’s call centre number — 0120-2336046-49.


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