Good News for Home Buyers: Everyone wishes to have their dream home. But many times it happens that due to the complex policies and rules of the government, there is a hindrance in buying a house. But now you do not need to worry.

Actually, the Development Authority has given a big relief to the general public by making some rules flexible regarding the registry.

Buyers in 60 projects will benefit

According to the information, this step taken by the authority is expected to benefit about 40,000 buyers buying homes in 60 projects.

You will be able to avail the benefit of registry in these six months

According to the authority, home buyers (Good News for Home Buyers in Hindi) will be able to get the registration done without penalty within six months from July 2024 i.e. till January.

That’s why a hefty fine was imposed

Let us tell you that due to the closure of registration last year, home buyers have been fined a hefty fine so far. In which a fine of Rs 50 per day was being imposed on a 100 square meter flat. Whereas a penalty of Rs 100 per day has been imposed on houses larger than this. Which has now been waived by the government.

These buyers will benefit

Let us tell you that the Greater Noida Industrial Development Authority has temporarily waived the fines of those home buyers who could not get their flats registered even after the Partial Occupancy Certificate was issued due to non-payment of dues by the developers.

Permission was given 5 years ago also

According to the information, 6 years ago i.e. in the year 2018, Greater Noida Industrial Development Authority i.e. GNIDA had allowed its home buyers to get the registry done without any penalty.

Many Noida flat buyers benefited from this decision of the authority at that time. But let us tell you that at that time, those whose developers (Builders and Developers) had not paid the dues of the authority, were not allowed to get the registry of their flat done.

The organization had requested

Let us tell you that earlier this year, the organization of home buyers (Good News for Noida Home Buyers in Hindi) had requested GNIDA to waive the penalty imposed for not registering the flats. On which the authority has decided to waive the penalty for six months in its board meeting on June 15.

60 builders chose this option

According to media reports, in Greater Noida, builders of more than 60 projects have opted for zero-period exemption on interest and penalty imposed during two years during the Corona epidemic. All these builders have paid 25 percent of the recalculated outstanding amount in advance.

In this, the authority officials say that the buyers of these projects now had the option to re-register their flats, but very few people came forward during this time. Because each of them had imposed a penalty of Rs 2 lakh to Rs 2.5 lakh since 2018.


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3) Try again the next day as you may have reached the limitWhen we have problems related to our insurance claims. we have to contact the insurance claim adjusters. An insurance adjuster is a responsible person for his company’s legal matters. No matter what’s the scenario he always thinks about the benefits of his company. So according to his company’s own beneficial rules, he gathers information about the incidents and always tries to benefit his company. So it all depends on you how you can deal with them better to secure your claims and save your money.

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