​​​​NA is raising the additional compensation demand with the builders and builders are happily passing it to the buyers.
There are 88 Group HOusing affected by this action of NA.

More details at
http://timesofindia.indiatimes.com/city/noida/noida-to-seek-rs-900cr-from-allottees/articleshow/58831449.cms

What are people in these societies doing?
Read more
Reply
5 Replies
Sort by :Filter by :
  • Any noida project impacted?
    From this report looks like projects in Greater Noida-West,GNoida, Y.. will be impacted.
    CommentQuote
  • Several sectors of Noida like 7x etc impacted. Builders have already raised demand to flat allotees.

    seniors.. what do you suggest. Should we pay this amount now or delay to wait & watch.
    Is there any chance of this amount demand being withdrawn and builders paying themselves?Or the terms and condition of BBA is such that there is no escape or chance of getting stay from court
    CommentQuote
  • Originally Posted by flatowner2
    Any noida project impacted?
    From this report looks like projects in Greater Noida-West,GNoida, Y.. will be impacted.


    Of the Rs 1,800 crore, while Rs 891 crore will be collected from allottees, Rs 198 crore will be recovered after launching land schemes and Rs 722 crore will be recover-ed through sale of land in Noida.
    Officials said the burden would fall on property owners whose land has been acquired between 2002 and 2014 across 24 villages. While the Authority has drawn up a list of 113 institutional allottees and 88 group housing allottees who have to pay the enhanced compensation, it is yet to finalise the exact number of allottees it has to collect the extra amount from in residential, industrial and commercial areas.
    CommentQuote
  • Originally Posted by mywebid
    Several sectors of Noida like 7x etc impacted. Builders have already raised demand to flat allotees.

    seniors.. what do you suggest. Should we pay this amount now or delay to wait & watch.
    Is there any chance of this amount demand being withdrawn and builders paying themselves?Or the terms and condition of BBA is such that there is no escape or chance of getting stay from court


    Prateek Laurel and Prateek Edifice buyers have received the demands at the rate of Rs. 15-17/- psft.
    CommentQuote
  • Can this demand challenged legally in court or BBA provisions cover this.
    CommentQuote
    1 Comments
    • Dkumar123 years ago
      Read your BBA again.. can that really save you..