logo
#

Latest news with #One-Time

One-time scheme for allottees, flood relief project & more get GNIDA nod
One-time scheme for allottees, flood relief project & more get GNIDA nod

Time of India

timea day ago

  • Business
  • Time of India

One-time scheme for allottees, flood relief project & more get GNIDA nod

Noida: Greater Noida Industrial Development Authority (GNIDA) approved proposals for improving civic infrastructure and providing relief to flat allottees, among others, during its 140th board meeting on Monday. Several initiatives impacting flat buyers, flood management, and airport security accommodation were discussed at the meeting, which was chaired by UP chief secretary and GNIDA chairman Manoj Kumar Singh. Among the schemes approved was a One-Time Settlement (OTS) scheme to provide relief to allottees of multi-storey flats ranging from EWS (Economically Weaker Sections) to flats measuring up to 121 square metres. Officials said that this scheme is expected to benefit around 2,000 flat buyers, many of whom were unable to execute their lease deeds due to the burden of outstanding premiums and late fees. Under the OTS, the Authority will offer waivers or concessions on interest charged on the unpaid premium and penalties for delay in lease deed execution. The scheme will remain open for applicants until Dec 31. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Officials said that the implementation of this scheme will not only provide much-needed relief to flat buyers but also help the Authority clear long-pending cases and formalise property ownership for hundreds of residents. GNIDA's property department will soon issue an official order with detailed guidelines and implementation dates. The board also approved the construction of a regulator on the Aimanabad Bandh to protect Greater Noida from possible flooding caused by the Hindon River during the monsoon. The regulator will help prevent floodwater from entering city areas and also protect vulnerable regions near the Bisrakh drain from erosion. The irrigation department has been tasked with constructing the regulator, while GNIDA will bear the entire cost of Rs 10.56 crore. The Authority will release the funds shortly so the department can begin the tendering and construction process, officials said. A proposal to provide accommodation to Central Industrial Security Force (CISF) personnel assigned to guard the upcoming Noida International Airport on rent was also approved at the meeting. A total of 467 vacant flats in Sector Omicron 1A, belonging to the MIG and LIG categories, will be handed over for use by the CISF. This initiative is expected to ensure better housing facilities and logistical ease for the deployed personnel.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store