Latest News

  • Home
  • Real Estate
  • Greater Noida authority to re-launch amnesty scheme on premium land dues
Greater Noida authority to re-launch amnesty scheme on premium land dues
Monday, January 27, 2020 IST
Greater Noida authority to re-launch amnesty scheme on premium land dues

The Greater Noida Industrial Development Authority (GNIDA) has decided to re-launch the One Time Settlement Scheme (OTS) to settle land dues. Under the amnesty scheme, the authority will also provide rebate on the yearly interest levied on extra premium on land parcels.

 
 

The GNIDA would offer a concession on the premium, lease and on the interest of extra 64.7 percent compensation to the allottees of residential land in Greater Noida. Officials have shared that the amnesty scheme would help the defaulters to clear off land dues.
 
Earlier in March 2019, the One Time Settlement Scheme was announced by the authority to recover the dues from the defaulters. The scheme did not receive a good response. KK Yadav, Assistant General Manager (Property), GNIDA, has shared that the new rebate scheme will reduce the interest levied on the additional income of 64.7 percent on a land parcel.
 
 

 
 

Reportedly, the authority had already floated settlement scheme for the individual residential plots allocated in 2013, where no structure was construction. To apprise, One Time Settlement Scheme is introduced to help the land allottees who are unable to pay the dues on time. The defaulter can apply for this scheme afresh after paying the processing fee.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Godrej Properties sells ₹575 crore flats in Noida in just one day

Godrej Properties Ltd. (GPL) today announced that it has sold 340 homes with an area of more than half a million square feet on the first day of launch

Recently posted . 1K views . 1 min read
 

 Article
Ocean Golden I unveiled at Greater Noida West by Ocean Infraheights

Ocean Infraheights unveils Golden I, a premier Mixed Use development in Greater Noida West, offering office spaces, Retail, Corporate Suites and residences with a...

Recently posted . 1K views . 3 min read
 

 Article
Inheritance in Absence of A Will under Indian Succession Act

An intestate death often causes chaos with family often ending up fighting to get property. The succession act was created to resolve the impending chaos when a per...

Recently posted . 1K views . 2 min read
 

 Article
Ocean Golden I, Greater Noida West

We recently announced that Golden I will now be Managed and Operated by Ocean Infraheights Pvt. Ltd., 

Recently posted . 1K views . 0 min read
 

 
 

More in Real Estate

 Article
Commercial real estate in India Adapting to the changing trends and preferences

Office spaces are gradually transforming from mere physical spaces for the workforce and assets, to spaces that are dynamic and act as enablers for an organisation&...

Recently posted. 600 views . 1 min read
 

 Article
Homebuyers prefer flats over villas with 70% NCR projects being high-rises: Report

Experts opined that preference for apartments was more because people were embracing a lifestyle in condominiums.

Recently posted. 825 views . 0 min read
 

 Article
Eros Group to invest Rs 125 crore in Greater Noida residential project

The real estate developer will launch four towers initially, while the remaining six towers will be opened depending on demand.

Recently posted. 792 views . 0 min read
 

 Photo
These warning signs will make you ROFL



Recently posted . 1K views
 

 Article
More women than men buying a house for end use survey

Indian residential real estate is increasingly driven by end-users - and women homebuyers are emerging as major contributors towards this trend. 

Recently posted. 723 views . 1 min read
 

 Article
How to save money while buying a house in 2020

While the process of buying a home will remain the same as it was in 2019 or any year before, the right approach on your part, can help you to save money in 2020

Recently posted. 627 views . 1 min read
 

 
 
 

   Prashnavali

  Thought of the Day

Problems are not stop signs, they are guidelines.
Robert H. Schuller

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top