Breaking News – Flat allottees have to pay 40% extra in Noida

The Noida Authority has refused to withdraw the 40% hike in allotment charges for the 2006 residential housing scheme. The Authority has set a deadline of November 5 for the allottees to pay up for possession of their flats.

Soon after the draw of LIG and EWS flats for about 1,400 allottees last month, the Authority informed them about the hike in view of the increase in property rates over the past six years. The hike comes to be about Rs 5 lakh each. Allottees can pay 40% of the amount in two instalments but the first instalment must be paid by November 5. “We will request the CEO one more time and then plan our next action ,” said S K Chandra, an allottee.

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This entry was posted in Ghaziabad Properties, Greater Noida, Home Loan, Loan Against Property, Noida Extension, property in gurgaon, property in noida, Property Investment, Real Estate, Real Estate Development, Uncategorized and tagged , , , , , , , . Bookmark the permalink.

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