Regarding Completion in next 3 years

[prashant singh]

Hi Team,

I am a permanent member of this group and would like to know what our group stands on completion of the residential plot in the next 3 years after the registry.

There's no water connection, electricity and other basic amenities provided by the authority and the authority is asking to do the completion in the next 3 years.

Is there anyone in this group who is sitting president and other respected members who can throw some light.

Regards.

[Rishab Jain]

Hello Prashant 

Do you get any update on the issue?

[Rishab Jain]

acticle says 4 year not 3

https://www.hindustantimes.com/cities/noida-news/register-plots-by-january-or-face-cancellation-yamuna-authority-warns-plot-owners-101670006675955.html

On Saturday, 25 February 2023 at 20:58:10 UTC+5:30 prashant singh wrote:

[Arun Kumar]

Hello Prashant,

You have raised a very logical point. I am not aware of YEIDA bylaws but wondering how authority can insist for completion when very basic two things like water and electricity is not provided by them. I am aware that even  most developed  pockets I, J and 7A in sec 18 also do not have these things ready as of today.

Regards

Arun

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[Pankaj Kumar]

None of the above facilities have been provided yet 

Construction of house without such facilities does not serve the purpose 

We should approach a YEIDA to extend the time for completion or get the facilities completed on ground 

To view this discussion on the web, visit https://groups.google.com/d/msgid/yeida/CAK_xr3oMVu0pOZjiaaUHxYSNZM37ZfYiwJy4_hwotLjo1MsKOw%40mail.gmail.com.

[Aditya Pratap Singh]

Hello Arun/Prashant 

I agree with you both there is no electricity and water how can we do the construction? ,Can we create a whatsapp group where we will discuss all the points and collectively visit the authority .

Regards

Aditya 

[varun mehta]

Hi All,

There is no clarity regarding penalty, earlier they said that until possession of whole pocket wasn't given they will not levy any penalty but below statement states different thing.

Earlier, if you have registered plot in Jan 2015 then Jan 2018 will be the date till when you are supposed to construct to save penalty but now you will not attract any penalty

till 31.01.2023. 

From 01.02.2023, penalty will start in case construction will get delay based on the formula as (original allotment rate * size of Plot *4%)/100 for first year and 6% for second year and

8% for third year. Below is the table for 300 sq mtr plot for better understanding.

Period                                    Original Allotment Rate             Plot  Size       Penalty        Penalty  Amount                

1-Feb-2023 to 1-Feb-24 4750                                        300                   4%                  57000

1-Feb-24 to 1-Feb-25         4750                                        300                   6%                  85500

1-Feb-25 to 1-Feb-26 4750                                300                   8%                  114000

Please change the plot size if you have been alloted bigger dimension plots. 

If you dont start constructing the house till 1-Feb-26 then next 3 year penalty will be on the prevailing circle rate and percent will be again 4% for first year , 6% for second and 8% for third year. 

If you again fail to construct the house then Authority will inform you regarding the cancellation of your allotment and forfeit the amount that you have paid till now.

Regards

Varun 

[Vipin Agarwal]

Thanks for the clarification and updates Varun. 

As I understand Yeida has extended date for completion without panalty upto 31st March 2023.

Since there is lack of infrastructure in most of sectors like roads, sever, electric supply, water etc, 

We should request individually request Yeida to increase time-line further for construction with out panalty even after completing 3 years of registration. 

Request Mr Safal Suri to update all of us on this issue. 

Vipin Kumar Agarwal 

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