Real estate news on No increase in FAR to be allowed in under-construction projects in Noida

Price Trends, Delhi NCR
Posted on Sep 27, 2016

The Noida Authority on September 23, said that it would not allow any increase in floor area ratio (FAR) for under-construction and forthcoming projects in the city.

CEO PK Agarwal also assured a delegation of Confederation of Noida Residents Welfare Associations that henceforth NOC and completion certificate "will only be issued to builders subject to completion of common facilities, payment of dues by builders as per latest rulings and those who complete the infrastructure work of under-construction towers or projects."

The meeting was held late on September 22, evening. The other issues discussed included streamlining of unauthorised parking charges, free parking in malls and hospitals, check on encroachments, broadening of drains and also covering them with greenery, a proper fogging schedule etc.

"We are getting too many complaints by homebuyers on how their hard-earned money is being squandered by the builders in the name of last-minute unauthorised and non-scheduled increase in FAR leading to additional cost burden of not only their property unit but also the stamp duty increase as a result of it. Many homebuyers have already paid such unauthorised and unscheduled charges which were not part of their sale agreement," said P S Jain, president, Confederation of NCR Residents Welfare Association, who led a delegation to meet the CEO.

Chief planner and architect S C Gaur was also present in the meeting. According to Jain, the difficulties faced by homebuyers have also increased with non-completion of projects.

On unauthorised parking in front of schools, hospitals and commercial complexes, Agarwal agreed to CONRWA suggestion that they be allowed inside the school/hospital building complex instead of encroaching the road outside.

A similar arrangement was also agreed upon for residential apartment complex where visitor parking will be provided for within the society and not outside the gate, encroaching the roads. "Schools, IT companies, corporates will be asked to park vehicles within their premises and not outside their complex," said N P Singh, senior vice-president, CONRWA.

Further to curb encroachment, no roadside parking of autos/rickshaws within 50 metres of street crossings and in/out gates of RWAs/society complexes will be allowed.

According to Agarwal, while Sector 18 multi-level parking will soon be ready, management of vendors and hawkers within designated vendor zones is on the anvil.

Further, auto/cycle rickshaw stands will be marked with yellow paint and the authorised parking areas will be marked and painted.

The delegation also urged the need to remove encroachment of local sector market/commercial places and frequent fogging and spraying of anti-larvae disinfectants.

Share on: