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Noida. Now you are going to get a chance to buy property at very cheap rates in Noida and Greater Noida adjacent to Delhi. If you are looking to buy Houses, Shops, Plots and Flats in Noida- Greater Noida, then this is a golden opportunity for you. The district administration has decided to conduct e-auction of properties worth crores attached to many builders here for non-payment of dues under ‘RERA’. Let us tell you that in the year 2021, the Gautam Buddha Nagar administration had seized the properties of more than 40 builders worth more than Rs 500 crore.
According to the district administration, RCs worth about Rs 600 crore have reached the district administration. Out of these 600 crores, properties worth Rs 500 crores have been seized so far. According to the Noida administration, online auction of the seized property will start from this month. It is believed that the auction of these properties will start any day after Holi.
The Gautam Buddha Nagar administration will soon conduct e-auction of flats, villas and shops worth Rs 500 crore.
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The money coming from the auction will be distributed among all flat-villa and plot buyers. The Siege property has 350 flats, 6 plots, 35 shops and 69 luxury villas. This also includes the confiscated shops of Shoprix Mall. If sources are to be believed, all the villas and shops as well as the confiscated properties of 44 defaulting builders will also be e-auctioned.
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According to the official of RERA, on the proposal of the district administration, the Uttar Pradesh government has approved the e-auction. After this, now the district administration is preparing to conduct the auction. For this, the district administration will complete this process in collaboration with the Noida and Greater Noida authorities.
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Tags: Cheaper rate, Greater noida news, Multi-storeyed flats, Noida news, Property
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