News
GNIDA gives time till Sept 30 to defaulters


About 3,500 homebuyers from various sectors of Greater Noida, who have defaulted on payments to Greater Noida Industrial Development Authority (GNIDA), have been given time till September 30 to clear their dues.
Officials quoted in media reports said only simple interest would be levied on the compensation that is due. The additional penalty on interest will be waived, they said. Apart from this, if there is any delay in getting a lease deed done, a 40 pc rebate will be given on the total late fee.
Under the scheme, owners of plots measuring up to 150 sqmt will have to pay Rs 2,000 as processing fee. For those allotted bigger plots, a processing fee of Rs 5,000 will be levied.
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