FarmTerest - User

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In Greater Noida, a major move against a defaulting builder in Greater Noida, the process to recover outstanding land dues amounting to approximately 315 crore rupees has been initiated. This step is likely to benefit 8,856 home buyers the most, as they have been waiting for a long time to get their flats registered. The registration process for several housing projects had been stopped due to the non- clearance of these.

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Another major development has taken place in Noida’s real estate market, specifically concerning Sector 151. The authority has successfully concluded the auction for two prime land parcels designated for residential projects in Sector 151, generating revenue of approximately 666 crore rupees. Godrej Properties and VRC Construction emerged as the highest bidders in the auction.

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