To fix financial problems, Greater Noida Authority talked to 52 out of 96 home builders whose projects got stuck.
The discussion, which took place at Knowledge Park-IV, focused on resolving money matters. Singh, who also heads the Greater Noida Authority, alongside other important officials, delved into the cash real estate folks owe for necessities like registry, mortgage, map approval, and additional time to finish projects that got stuck.
The heart of the conversation was a fresh plan aimed at dealing with financial issues in real estate. Singh urged the real estate folks to grab onto this plan as a tool to better handle their money problems.
Saumya Srivastava, the extra boss at Greater Noida Authority, gave the lowdown on what happened in the meeting. “We showed each of the 52 real estate folks how we worked out the money they owe. We also explained how the new plan chips away at some of their dues. The real estate folks showed us their payment slips and calculations. After that, we walked them through how our team and an outside group figured out our dues. Once we cleared up their questions, we outlined the next steps.”
This meeting is a team effort between the bigwigs and real estate folks. It’s all about finding practical solutions to money problems in the real estate realm. By laying out the facts about the money owed and talking about the perks of the new plan, the Greater Noida Authority wants to make the environment friendlier and more supportive for real estate projects in the region.
This hands-on approach from the Greater Noida Authority shows they’re serious about giving a boost to stalled housing projects. It’s expected that by making things clearer for real estate folks and providing support, this joint effort will breathe new life into the real estate scene in Greater Noida.