A big jolt to 5-storeyed residential property in Noida

Noida Authority on Thursday has said that it will crush an unapproved assembling, which houses five stories, in sector 80 of the city. The Authority has issued a notice to the designer developing working in the region bordering Nangla Charandas town, situated in stage II of Noida. The designer has been requested to evacuate the unapproved development inside seven days fizzling which the building will be destroyed to the ground by the Authority. This is obviously not a pleasant news for the, realestate in Noida.

Specialist authorities said that the building has been developed on Noida's notified land. "Nobody other than Noida Authority can give consent for the development on this land and no authorization has been conceded by us to the building based on Khasra numbers 115 and 128," B.K Singh, extend design, Work Circle-7, Noida Authority, who drove the group for fixing the premises confirmed that the authority have been sending notification to the manufacturer since July 2015 to stop all development, yet the engineer has not paid any notice.

Singh additionally said that the engineer, M/s Nimi Homes Private Limited has been served notice for undertaking the unlawful development. "We have requested that they stop all developments with prompt impact and evacuate the structure they have built till now," Singh said. Further, the authority announced that the builders in noida have been given a seven day take note. On the off chance that they neglect to evacuate the illicit development, our groups will move in, wreck the structure, bulldoze it to the ground and furthermore charge an expense for expelling it.

Authorities additionally said that the developer had built five stories, which included 106 private pads and around 26 shops on the ground floor. "100 pads were empty, while six units were involved. We have solicited the tenants from the six units to empty the premises instantly. As of now, the completing is being done of the building," said Singh. On being tested about the destiny of the homebuyers of the six units, Singh said that we have requested that they look for legal respite.

There are several properties in Noida which are constructed with 5 or more stories and with this recent development the real estate industry with surely have an adverse effect. But if the authority has taken a step, it will probably regularize the industry as a whole.