Connect with us


Relief for homebuyers as Govt cuts Okhla green zone


Providing relief to about 60,000 homebuyers, the Government on Tuesday curtailed the eco-sensitive zone around the Okhla Bird Sanctuary near Noida.

The decision was also welcomed by real estate developers as it will enable them to resume construction in areas earlier declared as a no-construction zone.

The green zone will be applicable to an area up to 100 metres from the eastern, western and southern boundary of the sanctuary and an area up to 1.27 km from the northern boundary, Environment Minister Prakash Javadekar said.

The new green zone is much smaller than the 10-kilometre radius demarcated by the National Green Tribunal in 2013. The tribunal’s decision had crippled construction work across real estate projects that fell within a 10 km radius of the sanctuary.

The final notification about the eco-sensitive zone will come out in a week’s time, MrJavadekar said.


The notification will allow the Noida Authority to start giving completion certificates to builders, who will then begin the process of handing over apartments to buyers.

Welcoming the development, RK Arora, Chairman of Supertech Ltd, said, “It was a long-pending issue resolution of which now will give a sigh of relief to the customers as well as developers. The decision will enable the allottees of flats in completed projects getting possession, and the developers to complete the projects. The notification will also boost the sentiments of buyers which will ultimately help the real estate market to boom.”

Brijesh Bhanote, Director Sales and Marketing – Lotus Greens Developers Pvt. Ltd said “The draft notification by the Centre defining the eco sensitive zone around the Okhla Bird Sanctuary, reducing it from 10 km to 100 meters on three sides and with a little over a km on the north side, is a welcome relief for buyers of property in Noida who have been waiting to register and move into their ready units for long. The final notification now expected in a week clubbed with the non-increment in circle rates for group housing apartments, will bring an overall positive swing in the sentiment on both sides – buyers as well as developers.”

“This is welcome news for nearly 55,000 buyers and for nearly 2.5 lakh people who were stranded because of this issue. Now people can look forward to move into their new homes which were ready for possession for a long time. When we look at the bigger picture it is not just the buyer who is relieved but also many others who were looking to start businesses or earn their livelihood from schools, hospitals, retail stores and other small businesses, the investors and other financial institutions who have invested their money will also get relief from this decision as thousands of crores were at stake. We would like to convey our thanks and gratitude to Govt which has made this possible and brought relief to lakhs of people,” said, Dr. Anil Kumar Sharma, CMD, Amrapali Group.


Latest News

News1 day ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News1 day ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News1 day ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News1 day ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News2 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Report

New Delhi, June 13, 2024: has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News2 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...