Greater Noida realty projects may resume in a month

In an important step towards resolving a year-long realty crisis in Noida Extension, the NCR planning board in Delhi on Thursday said it had examined Greater Noida's master plan 2021 and sent it to its statutory planning committee for recommendations and consideration. The NCR cell of the UP government cleared the plan late last year. The planning board has sought comments from the UP government on certain points, reports Hindustan Times. Now, the planning committee will examine the reply before a no-objection note can be issued. This clearance is a prerequisite to resumption of housing projects in Noida Extension, where 2.5 lakh houses are planned and, of them, one lakh were booked long back. Greater Noida authority chairman Rama Raman said, “Unlike the NCR board, the plan committee meets frequently. We're hopeful of getting a go-ahead in a month.” Realty projects have remained halted for five months despite the Allahabad high court on October 21 last year raising hopes of a revival, when it ruled that land would remain with builders and farmers would get increased benefits. The NCR board came into picture as the court also said construction would not begin till it approved the master plan. Some feel that a change of guard at Lucknow seems to be working. On Thursday, UP minister Abhishek Mishra represented chief minister Akhilesh Yadav. The meeting was also attended by top officials and ministers of the Centre, Delhi government, besides those of Haryana and Rajasthan. “During the BSP regime, UP ministers and officials in Lucknow never recognised the importance of the NCR board,” said a senior official present at the meeting. The planning board comprises members of the governments of four states -- Delhi, Rajasthan, Haryana and Uttar Pradesh -- apart from the ministries of central government. Mishra made it clear that the interests of thousands of homebuyers would be protected. source: http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=19443&cat_id=1