The Greater Noida Authority has issued a stern ultimatum to plot allottees who have failed to adhere to development timelines. In a decisive move to accelerate development and optimize land utilization, the authority has extended a final grace period for plot owners to initiate construction or complete registration processes. Those who fail to comply by the specified deadlines risk losing their allotted plots.
A comprehensive review of ongoing projects revealed a substantial number of plots lying vacant or underdeveloped, prompting the authority’s action. To encourage timely development, the Greater Noida Authority is implementing a dual-pronged approach involving incentives for compliant allottees and stringent penalties for defaulters.
The extended deadline for plot registration has been set for October 30, 2024, while construction must be initiated by June 30, 2026. Allottees are advised to prioritize compliance to avoid punitive measures.
This decisive step by the Greater Noida Authority is anticipated to significantly enhance the region’s development trajectory and contribute to the overall growth of the city. By enforcing these regulations, the authority aims to create a more organized and developed urban landscape.
