Over 8,000 flat registries in nine Greater Noida projects are stalled due to ₹400 crore dues, incomplete towers, and FAR disputes.
1 year ago
Over 8,000 flat registries in nine Greater Noida projects are stalled due to ₹400 crore dues, incomplete towers, and FAR disputes.
Initially set at 2.75, FAR was revised to 3.5 in 2013, but approvals faced resistance. UPSIDA recently ratified the 3.5 FAR, allowing registrations to start at Migsun Green Mansion and E Homes. However, dues continue to delay registries in other projects. Some developers like Cosmos Infraestate and Oasis Buildmart made partial payments, but projects like Golf Foreste and four others face legal and financial challenges. UPSIDA insists on clearing dues and completing documentation for further approvals.
