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Saturday, October 9, 2010

Commercial Use Of Residential Noida Plots Okayed

In a move that will make the lives of Noida residents easier, the state government has allowed carrying out of commercial activities in the residential areas here. Now, book shops, PCOs and ATMs etc will be allowed to operate in the residential sectors. Till now, all such facilities were permitted only in the markets of the residential areas.
 
The Noida Authority has now been allowed by the state government to permit commercial activities on 50 per cent of the residential plots. This relaxation is likely to benefit thousands of plot owners.

The Noida Authority had sent a proposal to the state government in this regard about 10 months ago. The matter was considered in detail at a Noida Authority board meeting also. Now, the final green signal has been received from the government.

According to this decision, commercial activities will be permitted on 50 per cent of the plots allotted under the 5 per cent Abadi land rule in 1997. Over 3,500 such plots have been allotted under this scheme and another 5,000 plots are likely to be allotted soon.

What makes the decision more interesting is the fact that the allottees will not have to make payment for these plots as per the commercial rates.

with thanks : Tribune : link in headline above for detailed news.

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