123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Properties In Noida: Major Developments Are On Cards

Profile Picture
By Author: Vinay Kumar
Total Articles: 56
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

It was only recently that a big real estate scam was unearthed; the land scam involved huge capital value and the non-production of legal documents by the developer. This is one of the other cheating cases that have plagued Noida City's real estate. A number of other Noida property scams have already been brought into light. The scenario indicates that there is a dire need to take stringent steps to bring the situation under control.


In order to keep a check on the activity of fraudulent property realty agents, a new law has been enacted. According to this new law, every dealer of properties in Noida shall require to get a license before starting his business in the city. Only after the valid registration online and getting license, he shall be able to initiate any real estate practice in the city. The law keeps importance as this will help the buyers from several unscrupulous practices adopted by these brokers. The bill is still to get the nod from Cabinet and legislative assembly. The licenses shall be issued by a local officer once he approves of the dealer's work. A number of grievances of the buyers shall ...
... get addressed by such an action.


Another important step taken by the authorities of Noida properties is the plan to reduce the circle rates for commercial and group housing projects. Such a step shall be taken in order to improve the the number of registrations, which dropped significantly when the circle rates were raised last year and the target revenue values could not be achieved. Out of the intended 1536 crore aimed revenue, only 1083 crore could be achieved. For grouping housing scheme, the buyers have to pay an extra 5% for the facilities they get.


The rates of Noida property are expected to see a further drop-down in light of the new developmental land created in Delhi. An aggregate of 70,000 acre land has been created for residential and commercial constructions. The land has been acquired by the Delhi Development Authority(DDA) from owners/farmers, who shall get 40-60% of the developed land in return. With almost 200 villages been identified by DDA for future construction, the predilection of buyers' in Delhi NCR is expected to get diverted from Noida and Gurgaon, at least for sometime.


In the nutshell, one can say that Noida realty market is all set to see a good scale down in prices, in the coming future.


Makaan.com is a property site that features 2, 3, 4 BHK properties in Noida. Make a search for Noida property across cheap, budget, and luxury price brackets.

Total Views: 334Word Count: 435See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Legal Services By Sahasra Properties: They Bring Confidence To Property Owners Of Hyderabad
Author: sahasra

2. 10 Tips For Choosing The Right Real Estate Consultant In Gurgaon
Author: aman narula

3. Aarize Plots - Build Your Dream Home In Sector 34, Gurgaon
Author: Luxury Residences

4. Nassau Bahamas Real Estate: Find Your Dream Home In Paradise
Author: Viceroy Bahamas

5. Maximizing Business Potential With Industrial Shed For Rent In Gujarat By Ashish Estate
Author: Ashishestate

6. Real Estate Brokers And Management In Ajman
Author: tarek

7. Find Your Perfect House For Sale In Dubai - luxury Or Affordable, It's All here
Author: InchBrick Realty

8. Is Property The Best Super Investment? Expert Advice Revealed
Author: Rick Lopez

9. How To Assess The Potential Of A Commercial Property In Mumbai
Author: Horizon Consultants

10. The House Of Abhinandan Lodha Khopoli Hoabl Codename Mumbai T3 Aero Estate
Author: Parshuram

11. Essential Features To Look For In An Industrial Shed In Ahmedabad
Author: rshconsultant

12. Blog: How Indore Cleanliness Impacts Property Value
Author: Sukunj Realty

13. Working With A Real Estate Agent With Local Expertise
Author: Find My Agent

14. Rooming House Finance Explained: Key Considerations For Investors And Landlords
Author: Ricky

15. Simplify Property Ownership: Nri Property Management Services In Hyderabad
Author: sahasra

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: