On Friday, developer Supertech said it will deliver about 8,460 apartments to buyers by December 2021. More than 16,000 units in the ongoing projects in Noida, Greater Noida and Meerut by 2023. Supertech has a total of 13 projects in the NCR region. Four projects are located in Greater Noida, five projects in Noida, two projects in Meerut and Yamuna Expressway. According to Supertech, they are planning to hand over about 16,041 properties from December 2021 to June 2023.
The announcement came two days after Supertech met with UP-RERA officials who reviewed the developer’s pending projects. Supertech Group said in a meeting with UP RERA that it will deliver around 8,463 units by December 2021. About 7,347 units by December 2022 and 231 units thereafter for their various projects in Uttar Pradesh.
RK Arora, Supertech Group President said, the delay was due to two unprecedented waves of the COVID-19 pandemic, which affected all real estate projects. The Group will implement these projects through internal accruals, and the group has a positive net worth to meet its financing needs.
Every Homebuyer should get a home
Projects that completed and ready to deliver include Crown Towers, North Eye, Supernova, Romano, and ORB in Noida. Eco Village I, Eco Village II (Phase I), Eco Village II (Phase II) and Eco Village III in Greater Noida. Upcountry and Golf Country along Yamuna Expressway, Meerut Green Village, and Meerut Sports City.
UP RERA chairman Rajive Kumar said, RERA’s goal is to ensure that all buyers get their home on specified time. We occasionally check the status of all projects and this month met 60 promoters who have participated in about 150 projects in the state. “Supertech projects have also been reviewed and verified in relation to RERA orders. This group announcement was part of RERA’s work.”
According to the schedule provided by the real estate company, 8,463 units will be delivered in December 2021. About 2,308 units by March 2022, 1,132 by June 2022, 3,907 by December 2022 and 231 in 2023. Many of these projects in Noida and Greater Noida have long been delayed, as Supertech often faces protests from home buyers and harsh legal orders.
In this article we have explained some of the reasons to invest in sector 93 Noida. So, if you are looking for a property for sale in sector 93 Noida, then read this article. Below we have mentioned some of the reasons which might affect your buying decision.
From connectivity to metro to robust physical and social infrastructure, Noida is currently one of the favorite destinations for home buyers. The area has become a center for residential and commercial development. More people are moving from densely populated cities to this place. As a future investment outlook for sector 93 Noida and Noida Extension, it is the focal point of affordable housing with a large supply. In addition, compared to other popular regions in the NCR, Noida is considered affordable for buying a flat or house. Several multinational companies have taken over commercial space here providing opportunities for both investors and end-users.
Sector 93 has better conditions and availability of significant housing and land. The area is close to some important employment and commercial centers. As a result, the maximum number of working professionals and business people are seeking real estate in sector 93.
The 93 sector is divided into two parts: Sector 93 (A) and 93 (B). Sector 93 (A) is a centrally located luxury residential market. The area offers 2, 3 and 4 BHK luxury apartments at prices varying from Rs 7,000 to 10,000 per. sqft. While Sector 93 (B) is relatively located further away from the expressway.
Reasons to invest in sector 93 Noida | Investing in Noida sector 93
Ideal from Investment viewpoint-
In terms of investment, the properties in Sector 93 Noida are good, as they offer a good rental income. The current rental value is between Rs 14,000 and Rs 21,000 for a 2 BHK apartment. The network of Metro Rail in Noida is expanding at a fast pace which makes it ideal for investment. With the opening of the Aqua metro line, the demand for properties for sale in Noida sector 93 has reached to astronomical heights. However, the area may soon see a price increase of five percent. If the state government considers a project to connect the expressway to Botanical Gardens via a metro line
Sector 93 offers a well-developed infrastructure. This includes the wide roads like Noida-Greater Noida Expressway, that provide excellent connectivity throughout the NCR region. Real estate prices in NCR have risen sharply in recent years. But Noida still offers investment opportunities at an affordable price. As a result, middle-class home buyers are also investing in Noida. Sector 93 has well-planned areas with a vision of good infrastructure development.
The sector 93 is located between the southern and southeastern parts of Noida. It is located along the Noida-Greater Noida Expressway, which has spurred growth in properties and opened opportunities for many builders. Some of the well-known and reliable developers like Unitech, Parsvnath, Omaxe, Purvanchal, etc have projects in this area. Proximity to Noida-Greater-Noida Expressway, has dramatically accelerated property development in sector 93 and has opened up opportunities for excellent builders.
Close to commercial hubs-
Another important factor in the decision to buy the flat in Noida sector 93 is easy access to many office buildings and commercial centers. Shopping malls attract the attention of a number of home buyers. Hence, its a key aspect in driving investment in this sector. There are many companies in the immediate vicinity of this sector, such as InfoEdge, Wealth Clinic, Matrix and Sify technologies, and Oracle.
A Growing Locality-
With affordable housing, efficient public transport networks, planned metro accessibility and major infrastructure projects, Noida sector 93 is growing rapidly. The prospects for real estate here are promising. As the region has recently experienced high demand for housing and continues to be a popular area for new housing openings.
When it comes to getting more appreciation for the money invested, people still believe in real estate. In general, people prefer to invest in real estate because of the higher profitability and minimal risk factor. Those with good savings and enough capital can choose this option for a long-term investment. Above we have explained some of the reasons to invest in sector 93 Noida. So, if you are also looking for a flat for sale in sector 93 Noida, you can visit our portal. We have over 100 properties listings in sector 93 and you can also contact agents.
Further if you have any query then feel free to contact us!
According to real estate associations Naredco and Credai, the completion time of apartments in different phases of construction in Delhi-NCR could be extended up to two years. The impact is primarily from two consecutive waves of the pandemic and the consequent disruptions in financing and employment.
It also prolongs the wait for the delayed apartments for a longer time. According to a recent survey by real estate consulting firm Anarock, there are more than 3 lakhs of such apartments in the major cities of Delhi-NCR. Apartments are considered delayed if they were launched in 2014 or earlier. Construction started after this period is in progress.
Delivery times for “ongoing” projects will also be affected. Completion time for more than 3 lakh apartments in the NCR may be affected by a two-year delay due to two waves of Covid-19. Real estate agencies Credai and Naredco say buyers and regulators should be ready to face at least a two-year delay. According to Anarock, around 50% of the delayed apartments are located in Greater Noida alone.
Relief package may help to boost construction
Real estate companies cited labor and supply chain problems during the pandemic as cause for the delay. The lack of cash flow also affected the construction work. This was reported by R.K. Arora, CMD of Supertech and President of Naredco, UP. “Since March 2020, project implementation has developed very slowly due to labor shortages, raw material shortages and related problems. Delivery time is delayed by approximately two years.”
Pankaj Bajaj, president of Credai (Delhi-NCR), said, Real estate is one of the worst hit sectors as a result most projects are likely to be delayed by about two years. We hope for relaxation to help us tackle this problem. In addition, to give construction a boost, the government should announce a relief package and provide last-mile funding through banks.
Additional six months registration validity
Prashant Thakur, head of research at Anarock said, According to a survey by Anarock, about 3.29 lakh flats launched in the NCR region in 2014 or earlier have now been stuck or delayed. The pandemic is one of the major reasons for the delay. All were to be delivered by June 2021. 50% of these units are in Greater Noida, Noida has about 16%, Gurgaon has about 12%, and Ghaziabad has about 10%. The remaining 12% are in Delhi, Faridabad and Bhiwadi.
UP-Rera member Balvinder Kumar said the solution was invented. Last year, we gave builders a six-month relaxation or waiver for registration restrictions when the pandemic broke out. According to current rules, all registrations can be valid for one year from the expiration date. We decided to extend the additional six months validity extension to registration of builders.
P. Murthy, Tamil Nadu Minister for commercial Taxation and Business Registration held a review meeting with registration officials to discuss the possibilities of increasing income through property registration after the second wave of Covid-19. Last year the land registrations were affected for four months during the first wave of Covid-19.
During the meeting, the focus was on the measures to be taken to increase revenue. As the resumption of the work of the registration offices took place faster than in 2020.
The pandemic fiscal year 2020-21 recorded revenue of Rs. Rs.10,643 crores from stamp duty and registration fee between April 2020 and March 2021. Revenue decreased by approx. 3.6% in the corresponding financial year 2019-2020, when Rs 11,028 crore was generated as revenue.
According to the sources, officials were ordered to ensure that temple properties under the jurisdiction of the Hindu Department of Religious and Charitable endowments department, and poramboke land are not registered under Section 22-A of the Registration Act (Tamil Nadu Amendment Act). The law makes it easier to re-register land if in a previous land transaction they were called “house site”. The sources added that the return of documents on the same day was also considered to stop any delays. Measures to prevent staff from arriving late at the office and the newly opened grievance control room were also reviewed.
According to the official statement, the meeting was attended by the Registration secretary B Jothi Nirmalasamy, the General Registrar MP Sivanarul and senior officials of the registration department.
The decision was taken in light of the fact that the developer did not carry out a large number of its projects on time specified by UP-RERA. They also did not comply with a large number of orders from the authorities on complaints from home buyers projects from promoter companies.
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has rejected an application for registration of two proposed Supertech projects under RERA Section 5 with Section 11 (4)(B) and Section 4 (2)(B).
Rejected projects applications are Supertech Golf Country GH01-Phase-1B and Supertech Golf Country GH01-Phase-1A.
Authorities asked the developer for a detailed report on the fulfillment of his orders and a convincing action plan to complete its projects. However, the authorities also decided to give the developer a second chance to apply for registration of the two projects again, after it can largely comply with the authority’s previous orders.
UP-RERA didn’t receive any written or oral responses
During the trial, R.K. Arora, Supertech Chairman, told authorities the company was trying to complete projects as well as enforce government orders.
However, UP-RERA did not find the promoter’s written or oral response satisfactory. The authorities concluded that it would be inconvenient and that it is not proper and not in the interests of home buyers to register the company’s two new projects. The company was unable to complete a large number of its projects already registered with RERA, nor was it able to complete a large number of orders approved by the company’s affected homebuyer’s assistance authority.
UP-RERA chairman, Rajiv Kumar, said, The organizer did not comply with the authorities’ orders and there was no noticeable improvement in the status of unfinished orders at the end of the promoter. They also failed to come up with a convincing action plan to implement their ongoing projects. As a result, a large number of home buyers with the developer forced to approach the authorities with claims for compensation. Not only did the developer fail to speed up its projects, it also did not comply with government orders, further exacerbating the homebuyer’s suffering.
In order to revive stagnant projects in Greater Noida, The Yamuna Expressway Industrial Development Authority (YEIDA) has announced two policies. These policies can be used by construction companies until 31 August. The decision to propose a restoration and reschedulement policies was taken at a meeting of YEIDA’s Board of Directors on 28 June.
According to the deferral or reshedulement policy, the developer must pay 5% of the amount owed in advance. Once the revised payment plan is established, the developer must pay an additional 5% of the amount due to YEIDA. To restore the canceled land or plot, the developer must pay 10% of the current land premium to the authority.
According to YEIDA officials, all payments must be made till August 31. The applications asking for restoration of land will be discussed at the next board meeting.
For the past four year the developers who took YEIDA’s land to build skyscrapers owed about Rs 4,000 crore to authorities. There are currently 10 public and municipal housing projects in various construction stages in addition to the Jaypee Sports City project near the expressway region. About 16,000 buyers have invested in these projects and are waiting to receive possession. While 12,000 housing units were placed in 10 housing projects. About 5,000 units were offered under the Jaypee Sports City project.
Policies at a glance
Reschedulement Policy– This policy states-
Developers must pay 5% of the amount owed in advance. The remaining 5% will be paid within 30 days of the proposed revised payment schedule.
In case of non-compliance with three installments after taking reschedulement, the lease will be canceled.
Restoration Policy- This policy states-
Restoration charges at the rate of 10% of the prevailing plot premium to be paid. The transfer of the plot is not allowed until the winning bidder receives a proof of completion.
The request for restoration of the plot will be sent before the next board meeting for decision after the payment is made.
Applications must be submitted by August 31st.
Projects don’t have basic amenities-
RK Arora, Uttar Pradesh president of realtor’s body, Naredco,said, Shortly after the filing of the Gajraj case in October 2011, where it was decided that farmers should be paid a compensation of 64.7%. About 700 landowners who had to manage their land in the Yamuna highway area moved to various courts and forums. YEIDA was unable to provide land to developers for four to five years.
For some projects, connections to basic services such as sewerage or electricity were not provided on time.
YEIDA has consistently requested a land premium along with interest. We have asked the UP government to give developers zero-period benefits so that they are exempt from paying interest during the period when they could not take over the land that was provided to them.
No estimate of sold lands-
Arun Vir Singh YEIDA chief executive officer said, Construction companies and Developers must pay a certain amount in advance. We process requests as soon as we receive the minimum amount, and then issue a revised payment schedule for them.
From August 2012, shortly after the commissioning of the 165-kilometer expressway. Private developers began implementing projects in the Greater Noida and Dankaura districts. Between June 2010 and March 2015, 31 developers, including the Jaypee Group, purchased land from YEIDA to build skyscrapers along the road.
But later, many builders left their land or lost it because they were unable to clear dues. The Jaypee Group could also benefit from the restoration policy. Another three developers who have lost their project due to non-payment of fees are also eligible to participate. But payment must be made by August 31st. YEIDA does not currently have an estimate of the number of apartments sold by the three developers.
Several real estate developers and industry associations have called on the government of Uttar Pradesh to develop pragmatic policies for industrial development bodies. The policy is especially for the cities of Noida and Greater Noida, so that they can quickly resolve insolvency projects.
Decisions on multiple projects have been put on hold as the authorities want to be financial lenders, not operational lenders. So they can make an impact and not take commissions on projects that are stuck.
According to the Confederation of Real Estate Developers Associations of India (CREDAI). Approximately 190,000 properties stuck in Noida, Greater Noida and Ghaziabad, worth 1 lakh crore. At least 36 property projects are facing bankruptcy or insolvency proceedings in Greater Noida alone. This has affected about 50,000 home buyers and withheld about Rs 7,000 crore in administration fees.
Investment cycle may resume!
Insisting on interest rates, fines and other fees can ultimately make full settlement plans financially unstable, experts say. In addition, the investment cycle in these areas will be resumed if the established insolvency cases are resolved.
Developers will have to pay around Rs 40,000 crore dues to three different NCR authorities, including Noida, Greater Noida and Yamuna. The dues have been pending since 2010, but given the new interest rate, the amount likely to reduced to Rs 25,000 crore.
According to the CREDAI’s letter, several property developers involved in the insolvency process. The list consists of big and reputed developers including Jaypee Infratech, Amrapali, BPPL, Granite Gate, Subhkamna Buildtech, etc. CREDAI also stated that if development authorities continue to challenge settlement plans in court without applying a pragmatic decision-making structure that addresses the issues described above, it will not only delay the process but ultimately lead to settlement.
Proper policy framework needed
Sahil Vachani, MD and CEO at Max Ventures and Industries Ltd said, “To accelerate the process of insolvency proceedings, in the Greater Noida and Noida area and to cope with the high land dues of industrial development authorities, a pragmatic policy framework is needed. In the absence of such a policy, the restructuring of insolvent corporate debtors is not economically feasible.”
Abhishek Tripathi, managing partner, Sarthak Advocates and Solicitors said, “Authorities like Noida and Greater Noida need to aware of the fact that dues paid to them by developers have the character of an operating debt and make them acting creditors. Past commission fees or dues must reviewed in accordance with a resolution plan approved by the Creditors Committee and the NCLT.”
In this article we have discussed 4 simple reasons to invest in Dwarka Expressway. If you are considering investing in Dwarka Expressway real estate but confused whether it is worth it or not, then you will find this article relevant.
Dwarka is one of the most popular residential cities in Delhi that thrives with impeccable social infrastructure, affordability, and excellent connectivity. It is a well-planned city and offers every type of service to its residents. In recent years, the Dwarka real estate market has improved significantly and it is getting better day by day. Those who have invested in Dwarka, will have great benefits in the coming years. This area has developed a lot in recent years. It is still improving and will be even more favorable in upcoming years.
In today’s scenario, investing near the Dwarka Expressway is considered one of the best investment opportunities right now. The area offers several benefits for both investors and buyers. Delhi International Airport is close to the Expressway and also next to the Dwarka Metro. The area also offers connectivity to some important areas in Manesar and Noida.
The demand for properties near Dwarka Expressway is increasing at a fast pace. Also the property prices are expected to rise, according to real estate experts. There are many reasons why it is not only good for people living in Delhi but also for NCR and Haryana. In addition to connecting several roads in Delhi, this highway also connects many small towns in Haryana.
Why is Dwarka Expressway a good investment option in Delhi-NCR? | Reasons to invest in Dwarka Expressway
Under the new master plan, a well-constructed 100-meter-wide road will be built. The road will connect the area with the metro corridor and the proposed diplomatic enclave. The 18 km expressway runs alongside some special economic zones approaching Kherki Dhaula. This expressway shortens the travel times of passengers coming from West Delhi. It runs in parallel with NH-8 until it merges ahead of IFFCO Chowk.
Higher Appreciation rate-
Dwarka belongs to one of the most elegant and famous areas of Delhi and has good infrastructure as well. Properties in Dwarka, are the most convenient and have proximity to Delhi metro. Apart from metro connectivity it also has good public transport facilities as well. Dwarka also consists of a large number of reputed educational institutions as well. Hence, for investors this can be one of the reasons to invest in Dwarka Expressway.
According to various real estate experts, the demand for property in Dwarka has grown by 6% within a year. The current price trend in Dwarka shows a positive signal for investors or home buyers. However before investing in Dwarka expressway one should have proper real estate knowledge of price trends. Otherwise they won’t be able to make the right profit when buying and selling real estate.
The main motive for constructing the new expressway was to reduce the NH-8’s traffic during peak times. As a significant part of the workforce in Gurgaon’s office centers comes from Delhi. For daily commuters it is one of the best reasons to invest in Dwarka Expressway. The Dwarka Expressway offers easy flow and traffic and helps in ensuring a smooth commuting between the two districts. The Expressway will ease congestion on the Delhi-Gurgaon Expressway and highways that have experienced heavy traffic, mainly due to residents of West Delhi. Approximately 40,000 vehicles will be relocated to the new expressway, which will improve traffic flow on Sohna Road and Golf Course Road.
This section is 18 km long and 150 meters wide. Sectors 81-115 have developed throughout its length with sectors dedicated to housing projects, shopping malls and utilities. Dwarka Expressway literally has low pollution levels and feels like a breath of fresh air. With its low population density, the right combination of urban planning, aesthetic and ecological design and additional greenery, it has become a promising investment destination.Conclusion-
So, these are some reasons to invest in Dwarka Expressway. It is a growing area and it will definitely gives you good return on investment in future. Sometimes it can be challenging to estimate the exact cost of buying a property near Dwarka Expressway. Therefore, before buying a property, one should consult to real estate experts.
Consulting an agent helps you in planning your budget accordingly. Tax implications can be difficult to analyze in a real estate transaction. If you buy a flat in Dwarka Expressway for investment purpose then ensure you are comfortable paying EMI even if there is no rental income from the property. Before buying real estate, you should also analyze the extent of the income from it. In addition, you must also calculate the risks associated with the property.
If you have any query then feel free to contact us!
Pune Municipal Corporation (PMC) assured to extend or renew the credit notes offered to developers after the standing committee approved the proposal. From now onwards these notes can be used to pay property taxes, sky sign department tax, water taxes, and road digging charges. The proposed roads and bridges built through this initiative are located in Hadapsar, Kharadi and Mundhwa.
The civic body only allowed credit notes for building permits when they were first approved in the month of January. These notes are provided to road contractors in public-private partnerships. Roads are being built without paying cash to developers, as Pune Municipal Corporation has lost a good chunk of revenue due to the pandemic. The PMC only planned to allow the exchange of these credit notes for the payment of a building permit or charges.
Developers can pay different charges / fees
PMC planned to develop roads and bridges on the basis of public-private partnerships. As part of this initiative, credit certificates issued for the development of facilities. Developers can use these certificates to pay a range of fees. These fees associated with building permits, such as development fees, building permit fees, and surcharges fees.
If land is not available in the PMC, then developers must take it from private landowners using FSI or TDR. To avail these notes the developer should have possession on at least 80% of the land. The PMC said that the credit notes issued in stages depending on the progress of the road works. Developers will be able to spend approximately Rs 200 crore annually via credit notes.
Chairman of the standing committee, Hemant Rasane, said, the sources of income for the civic body is limited for now. We need to find options like credit notes because they can help to boost the development projects.
BJP corporator Mahesh Wable, who gave the supplementary note, said. “In order to encourage the developers, we need to allow different modes of payments through credit notes. This helps to get a good response to the policy.”
As the Covid-19 pandemic has affected the demand for commercial real estate, several real estate agents have turned their commercial projects into residential projects. This year, about 25 commercial projects in Ahmedabad have been transformed into housing schemes.
There is demand for housing and this segment has also provided some cash flow to developers. As a result many developers convert their commercial projects into housing projects. A new reform in the building plans has been approved for 20 commercial projects. These commercial projects comes under Ahmedabad Municipal Corporation (AMC). Also five more projects in Ahmedabad Urban Development Authority (AUDA) areas transformed from commercial to residential.
AMC and AUDA added that there were many commercial projects in 2018 and 2019. However the trend completely changed in 2021. Currently, approx. 80% of the building plans, which must be approved by both AMC and AUDA, are for housing projects.
According to some real estate industry experts, work from home, high inventory levels, lets companies hold their expansion. Also the territorial restrictions and lower crowds in showrooms and shopping malls due to Covid-19 have affected the demand for commercial and office space projects. Building plans were revised for three commercial projects in 2018-19, up to seven in 2020. However, in 2021, their number will increase sharply, AMC officials said.
Project location is ideal for residential purpose
Venus Infrastructure, Ahmedabad based real estate company, converted its commercial project behind the Rajpath Club in Bodakdev into a luxury housing project after receiving approval for a revised building plan. Rajesh Waswani, CEO of Venus Infrastructure said, we have invested heavily in our commercial project however the demand for commercial space dropped dramatically after the outbreak of the pandemic. The location of the project has always been suitable for living. So we decided to change our plan and switched to the housing project.
Apartments as well as Showrooms
Chitrak Shah, a city broker, also vice president of CREDAI-Ahmedabad GIHED said,we have transformed our commercial project at the Panjrapole crossroad into a housing project. The project currently offers 3 BHK plus work from home flats as well as showrooms. We revised our plan because there was a good demand for housing units in the area.
Converting commercial units to residential is a smart stepfor now
Balbirsingh Khalsa, national director of industry and logistics and director of the Ahmedabad branch to knight Frank India, said. Converting a commercial project to a housing project whenever possible is a smart step in the right direction.
On the one hand, office vacancy is high, rents are falling, and the prospects for commercial space remain weak due to fear of pandemic. On the other hand, the demand for housing is good and the number of residential units is also very low today. So, for now it makes sense to shift from commercial to residential real estate.
Homebuyers should be prepared to raise more money to buy real estate in Gautam Budh Nagar, as the administration may raise circle rates in Noida after a four-year hiatus.
Circle rates in Noida, Greater Noida and other parts of the area have remained largely unchanged since 2017. But this time there is a need to revise them upwards because of three industrial development authorities. The three development authorities Noida, Greater Noida and Yamuna Expressway have increased real estate rates over the course of the last three years. At UP, the government collects 7% of the value of the property as a stamp duty.
In fact, at a recent board meeting during the first fiscal year, the land allotment rates in Noida, Greater Noida and Yamuna Expressway areas have increased by three authorities. The Noida authority raised rates for Phase II industrial and institutional sites. These sites include sectors 80, 81, 83, 84, 85, 87, 138, 140, 154, 155 and 158 by 20%. While GNIDA and YEIDA reported increases of about 4.15% and 5%.
Property value continue to rise
The Greater Noida Authority has increased real estate rates for all categories for two consecutive years. Rates on all types of real estate, except commercial, have now risen in price by at least 20%. Noida authorities revised circle rates in Noida for sectors near Aqua Line and Highways in 2019, but refrained from raising rates for non-industrial and non-institutional property.
YEIDA raised rates in 2016 and 2020 both times by 5%. Again, YEIDA raised rates by 5%. Therefore, the value of real estate in these villages along the Yamuna Expressway, which has not yet been built or acquired, will continue to rise.
Final Decision after Evaluating Market Condition
The three regional magistrates and tehsildars will check the value of the transactions in different places to determine if there is a discrepancy between authority rates and circle rates. And the decision to increase the rates could also lead to an increase in the budget for land acquisition for more public projects carried out in Jewar and Dadri.
District Judge Suhas L.Yu. said that “the decision has not yet been made.” “Circle rates remain unchanged until July 31st. We will finalize the decision after analyzing the market conditions.
Rakesh Kumar Srivastava, Deputy Inspector General of the District Press and Registration Department, said. “The final decision in this case will be made by the District magistrate. We share our contributions with administrative officials. ”
However, real estate experts believe that any price increase could affect the area’s real estate market.