At board meeting, Yamuna Expressway authority to take a call on 1,600 flat allottees, ET RealEstate

September 11, 2023

<p>Representative Image</p>
Representative Image

NOIDA: The Yamuna Authority’s board meeting has been scheduled for September 13. Several proposals are set to be presented during the meet.

Relief to 1,600 allottees who were allocated flats constructed by the authority under two schemes, will be proposed.

Both the schemes were cancelled and allottees were given an option to either withdraw their money or choose flats in another scheme.

The allottees who opted to join the new scheme were considered to be from the previous scheme and penal interest amount was levied on them for not depositing the installment on time.

In response to their protests, the authority will now propose to charge allottees only for the period during which they joined the second scheme.

Moreover, the authority plans to propose that successful allottees in the flat scheme of the Yamuna Authority now be given the opportunity to participate in the plot scheme as well. Families who were assigned small flats under the scheme and are finding it challenging to reside, will be given a chance to participate in the plots scheme.

A proposal to construct a 150-bed old age home will also be presented during the meeting. A total of 50 beds will specifically be reserved for the sick and disabled.

Changes will be introduced to the group housing scheme as well. Previously, allottees were required to make lump-sum payments, but now they will have the option to pay over a five-year period.

Additionally, a proposal to modify the rules for the upcoming data center park plots scheme will be tabled during the board meeting.

A one-time settlement (OTS) will be proposed to allottees falling under the categories of industrial, mixland, commercial, and institutional. Additionally, the revised detailed project report (DPR) for the proposed heritage city in Mathura-Raya will be presented for consideration by the board.

  • Published On Sep 11, 2023 at 08:57 AM IST

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