Noida: There is great news for home buyers of Mahagun Mizzeria, sector 78 and Paras Tierra, sector 137 societies located in Noida. Registration of the remaining flats in these societies will now start. Camps will be set up by the authority for registration of flats.
The Zero Period Policy for flat buyers on the recommendations of the Amitabh Kant Committee has opened the way for registration in two more societies. Registration will now start in Mahagun Mizzeria, Sector 78 and Paras Tierra Society, Sector 137. Camps will be set up by the authority for registration of flats.
The builders have deposited 25 per cent of their dues with the authority
Both projects have been included in the Zero Period Policy. Noida Authority has started preparations to organize registry camps in both societies. Around 300 registries of Mahagun Mizzeria and 50 registries of Paras Tierra will be done in the first phase.
The long wait for the registry will end
Home buyers of both societies who have been waiting for the registry for a long time have got this good news. According to the OSD of the authority, the authority had around 40 crores due on the plot of Mahagun Mizzeria society, out of which the society has deposited 10 crores. For the rest, NGT impact area exemption has been sought. After this, information has been given to deposit the remaining amount together and get the 300 flats registered.
Similarly, a 25 per cent amount has also been deposited by the builder of Paras Tierra Society. This 25 per cent amount has been deposited by both in a partial manner, meaning that it has been deposited gradually. The OSD said that both the builders have been asked to prepare for setting up a registry camp. The builders will inform the flat buyers about this and will prepare for the rest of the registry.