Greater Noida registered 5,741 apartments between January and September, a 30% increase

Greater Noida registered 5,741 apartments between January and September, a 30% increase

According to GNIDA, 4,398 apartments' registers were completed between January 1 and September 30 of last year. Between 80,000 and 90,000 registers are reportedly outstanding in Greater Noida for various reasons, including builder dues.

According to statistics from the Greater Noida Industrial Development Authority (GNIDA), between September and January 30, 2023, an average of 21 units were registered per day in Greater Noida. By the end of the third quarter of 2023, 5,741 apartments under GNIDA jurisdiction were registered, 30.5 percent more than what was recorded during the same time the previous year, according to data GNIDA gave to Moneycontrol. Between January 1 and September 30, of last year, 4,398 apartments had their registrations completed.

Special camps will be organized this month, according to authority officials, to complete additional registers, particularly in advance of the Diwali celebration.

The increased number of registers, according to a senior GNIDA official, indicates that the authority has been making sufficient efforts to speed up the procedure and transfer ownership.

"These actions—including special registration camps, the option to register flats or towers individually in situations where builder dues are not fully paid, the notices to developers to execute registries in endeavors where there are no dues, and the fact that registries were pending only due to other minor matters—made all of this possible," the official told Moneycontrol.

According to the official, there were 3,369 instances in which developers were not required to pay dues, and the government had also granted authorization for registers, but those cases were still waiting.

According to him, notices are often sent to these developers and apartment owners, instructing them to complete registers as soon as possible.

Greater Noida builders were warned by the administration in May of this year to register more than 4,000 flats or risk regulatory action.

The Noida Extension Flat Owners Welfare Association's president, Abhishek Kumar, said that between 80,000 and 90,000 registrations are still outstanding in Greater Noida for various reasons, including builder dues.

When considering the bigger perspective, the execution of roughly 5,800 registers is a relatively modest number. In order to allow thousands of purchasers to finally acquire the houses they have been waiting for for years, he suggested that the government decide on and implement a method to settle builder dues difficulties as s

oon as possible.