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Friday, March 21, 2014

Build houses on plots or face cancellation of allotment

NOIDA: With the Noida Authority changing the building bylaws in its board meeting, landowners in the city will have to either construct on vacant plots within two years or sell them to someone else otherwise the property will be confiscated. Official sources said the move to amend the building bylaws is aimed at ridding Noida of encroached vacant plots. As per the amendment, owners will now have to build on 100% area of the allowed Floor Area Ratio (FAR) of plots instead of 50% that was allowed till now.

Officials said this rule applies only to the residential category of plots and on new as well as old allotments. "Currently, allottees are required to have minimum 50% construction of the FAR after which they are entitled to a completion certificate for the building. However, we have received frequent complaints from residents and officials that Noida has many vacant plots with minimal allowed construction lying in shambles for decades. Some of these are reportedly being misused by residents for unauthorized use. They could also be housing criminals," said Rama Raman, chairman and CEO, Noida.
Read More @ http://timesofindia.indiatimes.com/city/noida/Build-houses-on-plots-or-face-cancellation-of-allotment/articleshow/30309834.cms

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