Tag Archives: Uttar Pradesh

UP has India’s second-largest economy, accounting for 9.2% of GDP

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Uttar Pradesh has become the nation’s second-largest economy, a swift keep toward Chief Minister Yogi Adityanath’s goal of reaching the $1 trillion mark by 2027, according to a report by well-known online blogging platform Soic. 

According to the stock market and investment tracking platform, UP has the second-highest GDP share in the nation, behind Maharashtra. 

Only Maharashtra (15.7%) has a larger share of the nation’s GDP than Uttar Pradesh (9.2%), according to the report shared on X. So far, UP was in third place. 

West Bengal (7.5%), Tamil Nadu (9.1%), and Gujarat (8.2%) have all trailed behind Uttar Pradesh. These include states like Madhya Pradesh (4.9%), Karnataka (6.2%), Rajasthan (5.5%), Andhra Pradesh (4.9%), and so forth. 

Yogi Adityanath, the Chief Minister, has led Uttar Pradesh to rapid progress in all areas during the last seven years. The state currently has zero organized crime, and the industrial sector is developing quickly. According to a government spokesman, UP has also moved from the 14th to the second spot in the “Ease of Doing Business” rankings. 

Furthermore, due to advancements in infrastructure, connectivity, and law and order, the state has been presented with investment proposals worth over Rs 40 lakh crore through GIS 2023, which will come into effect shortly. It will generate over one crore new jobs in the state, he said.

The state currently exports goods valued at close to Rs 2 lakh crore. He claims that the ratio of bank loans to deposits has increased from 42-43% to 60%. P is now a revenue surplus state, with 56% of its population employed. 

There are currently 96 lakh MSMEs in existence. UP, which had a reputation as a BIMARU state, is now leading the way in the race for development thanks to CM Yogi, he said. 

UP Housing and Development Board’s Awas Vikas Housing Scheme for 2023

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The Uttar Pradesh Awas Vikas, also known as UP Awas Vikas, is reportedly giving a significant discount on the apartments available under its housing schemes. Under several schemes, UP Awas Vikas is offering a massive 20-25% discount on its available apartments. 

The deadline for applying for the discounted apartments is Dec 15, 2023. The deadline for selecting the applicants is Dec 30, 2023. The successful applicants must deposit the charges within 60 days of the chosen day for UP Awas Vikas to expedite quick possession. The successful applicants will not be eligible for the discounts if they do not deposit the entire amount within the allotted time. Just 780 of the 2304 apartments constructed under the Housing Development and Counsil’s Jagriti Vihar Extension Scheme have sold thus far. There are now 1524 empty apartments. The council is offering these for 20 to 25 percent less than their initial cost.  

Five different types of apartments are unoccupied. 

There are five types of unoccupied apartments in the plan. It includes apartments with 32, 57, 64, 100, and 127 square meters included in the scheme. The price range for 32 square meters is between Rs. 8.59 and Rs. 11.11 lakh; for 57 square meters, it is between Rs. 22.16 and 26.92 lakh; and for 100 square meters, it is between Rs. 40.18 lakh and Rs. 40.87 lakh. 

UP Housing Board, or UP Awas Vikas

The government agency known as UP Awas Vikas, or the UP Housing and Development Board, is pushing the development of affordable housing in Uttar Pradesh. The goal of UP Awas Vikas is to give the economically disadvantaged (EWS), middle-class (MIG), and low-income (LIG) segments of society sustainable homes furnished with contemporary conveniences. 

The UP Awas Vikas, or UP Housing and Development Board, is involved in the planning and state-of-the-art housing societies across Uttar Pradesh. It endeavors to develop ventures of excellence at strategic locations in UP. 

Online Services UP Awas Vikas

The UP Housing and Development Board, also known as UP Awas Vikas, was founded to streamline housing-related services. UP Awas Vikas provides the following services. 

  • One-Time Payment Plans
  • Online Flat, Villa, and Plot Registration
  • Online Auction Services 
  • View the Ledger and Process Payments Online 
  • Produce an E Challan 
  • Reservations for Community Centers Online 
  • Janhit Assurance Providers 
  • OB Passbook feedback

Citizens can also access public notices about land rates, notices about land acquisition, information about guest house reservations, land auctions, and notices about architects and planning in addition to these services. 

How can I determine which UP Awas Vikas housing schemes are currently active?

Citizens can check the current housing schemes under the UP Housing and Development Board by utilizing the UP Awas Vikas or UP Housing and Development Board. To find out more about the present housing schemes, take the following actions:

  • Visit the website of UP Awas Vikas. 
  • Select the option labeled “Click to buy flats.”
  • It will show data about a list of housing projects that are currently underway.
  • You will be able to apply for the scheme if it is open. 

How can I access the online details of available properties on UP Awas Vikas?

A user can view the details of available properties online by visiting the UP Awas Vikas website. To search for available properties on the internet, take the following actions: 

  • Visit the UP Awas Vikas website. 
  • Click on the Details of the vacant property on the homepage. 
  • A new webpage will open for you. 
  • Using the drop-down list, choose the district. 
  • Choose the flat type and Scheme on the following page. 
  • Press the “Search” button. 
  • The computer screen will show the specifics of the unoccupied properties. 

How can I access UP Awas Vikas ledger and pay? 

The user can view the ledger and online payment details on the UP Housing and Development Board website, UP Awas Vikas. To search for available properties on the internet, take the following actions: 

  • Visit the UP Awas Vikas website. 
  • Click the “View Ledger and Online Payment” link on the homepage.
  • The webpage https://upavponline.in//pem/upavp_new/index.aspx will open. 
  • Should UPAVP assign you a property, click the register button to finish the one-time registration process. 
  • Click the login button if you have already registered.
  • Send in the information like:
    • Type of Property
    • Name of District
    • Name of Scheme
    • Name of Sub-scheme
    • Name of Property or Form
    • Name Allottee
    • Phone number
    • The email address
  • Check your email and mobile number.
  • Examine the online payment information. 

How can I apply for an online approval of a building plan in Uttar Pradesh?

The days of running from department to department and pillar to post to get their building plans approved are long gone. An online application for building plan approval is made available by the UP Awas Vikas. On the UP Awas Vikas website, one can apply online for building plan approval by following the instructions. 

  • Visit the UP Awas Vikas official website. 
  • Select the UPOBAPS Online Map Approval option from the homepage. 
  • This URL, https://upobpas.in/BPAMSClient/, will open. 
  • If you have registered, sign in using your password and username. 
  • Register yourself if you have not already, then use your username and password to log in. 
  • Applying for online building plan approval requires the completion of the following checklist: 
    • Calculation Sheet for the Total Estimate
    • Recognize Your Approval 
    • Site Assessment Checklist 
    • Checklist for documents 
  • You may submit an online request for building plan authorization once you have the form and upload the required files. 

How Can I Use UP Awas Vikas’ Property E-auction Services? 

Across the state, the UP Awas Vikas is responsible for organizing the auction of various residential and non-residential properties. To use the UP Awas Vikas E-auction services, use the following actions:

Step 1: Go to https://upavp.in/en, the UP Awas Vikas website.

Step 2: On the homepage, select the E-Auction tab.

Step 3: https://upavpauction.procure247.com/home is the address of a specific website designed to handle auctions.

Step 4: The UP government’s auctions are categorized as follows: Live, Closed, Cancelled, and All. 

Step 5: The list of active auctions will appear when you click the “live” button. The auction details include the venue, the time, the beginning, the middle, the end, the announcement of the event, and the auction document. The amount of item-by-tem EMD deposit is also visible. 

Step 6: Press the “Submit” button. 

Step 7: Submit your bid for the desired property by uploading the necessary supporting documentation in the following step. 

Note that the bidder may only apply online within the designated application window period. 

How do I make an online reservation for a community center on the UP Awas Vikas website?

The UP Awas Vikas, formerly the UP Housing and Development Board, also facilitates online reservations for community centers. To reserve a community center online, take the following actions: 

  • Visit the UP Awas Vikas website. 
  • Select “Online booking of community centers” from the homepage. 
  • Choose information such as the name of the district, the type of facility, the location, and the duration on the newly opened page.
  • Select the “Show Availability” option.
  • A page displaying availability is displayed next.  
  • Click the “book now” button if the center is open on the specified dates. 
  • Enter the following information on the page: name, branch, IFSC code, ID type, ID proof number, email address, mobile number, state, city, pin code, purpose of booking, discount category, and bank account number.
  • Upload the applicant’s soft copy of their proof of identity. 
  • Press the “Submit” button. We will apply.    

Conclusion

In conclusion, the UP Housing and Development Board, also known as UP Awas Vikas, is a state government organization that supports the creation of affordable housing in the province of Uttar Pradesh. UP Awas Vikas to give LIG, EWS, and MIG income groups of society sustainable homes with contemporary conveniences. 

Land Records Uttar Pradesh

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The Uttar Pradesh State Revenue Board created the Uttar Pradesh (UP) Bhulekh, an online Platform for searching land records, Khasra documents, and Khatauni numbers. In addition to offering digital land records, the State also uses the website to try and thwart forgery. Continue reading to learn how to locate Khasra’s number in Uttar Pradesh and the State’s most recent initiative to combat fraud. 

What is the UP portal for Bhulekh? 

The UP government has converted the land records to digital format, which makes it much easier for users to locate important information like Khasra and Khatauni data. The UP Bhulekh is to increase transparency while providing citizens with legally binding land titles and reducing the severity of land disputes throughout the state. 

The portal now presents Khatauni information in 19 rows rather than 13 columns to increase the process’ authenticity. The Gata number, unique plot ID, and plot size in the soiree meter will be listed among the additional six filters available on the website when users attempt to access a copy of Khatauni. 

A user could access the information on the website even if multiple farmers owned the same plot under the same Gata number. It gave criminals access to private information they could use to fake documents. According to the most recent update, the portal will only display the information for one Khatauni under one Gata number. As a result, information access for farmers should improve, and instances of land fraud ought to go down. 

What information and services are offered in Bhulekh UP? 

The UP Bhulekh portal offers the services and data listed below: 

  • Information on landowners 
  • Information about the land, including its type, the number of owners, and its ownership structure. 
  • A land parcel’s exact boundaries
  • Khasra and Khata details of a land 
  • Land encumbrance 
  • Information on prior owners 
  • Specifics of the enemy 
  • Specifics about abandoned properties 
  • Information about public properties 

Bhulekh UP document uses 

The UP Bhulekh document can be used to confirm the information provide by the seller. The portal gives accurate information about the plot size, boundary restrictions, type of land, and encumbrances to help stop property fraud. Users can look up information on previous owners and mutation status on the portal, among other things. 

It is important for users to understand that the information on the UP Bhulekh portal is only for informational use and cannot be used for official or legal purposes. Visit the Tehsil if you want an authentic, official copy. Visit the Tehsil office if you want an authentic, official copy. You can obtain this official document by paying a small fee. 

Bhulekh UP document’s constituent parts 

The UP Bhulekh document has four main sections: 

The Khasra number 

Every land parcel in the State has a unique number assigned to it for use in th Uttar Pradesh land registry. Most rural areas use this phrase. 

Khatauni 

It is a specific kind of account number that contains details and records about the distribution of land ownership among sellers in a village. 

Khewat 

This is another kind of account number given ti a family to track the ownership of all family member’s lands. 

Jamabandi Naqal 

The owners, cultivators, location, size, patta number, type of crop grown, and Khasra number are all listed in this document. 

How do I access the UP Bhulekh portal’s land records (Khasra) ?

Follow these steps to view land records on UP Bhulekh: 

  • Visit https://upbhulekh.gov.in/ to access UP Bhulekh’s official website. 
  • Choose the District, Tehsil, and Village to move forward. 
  • To view a plot, enter its Khasra number and select “see evolution.”
  • You will see a plot account statement similar to the one in the picture below. The account statement provides information about the owner’s history, the size of the land, and any mortgages taken against the property. It is to let the buyer know if there are any outstanding debts on the property and whether it would be a good investment. 

Best Property Dealers in Greater Noida Uttar Pradesh

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In difficult times, most people seek out every opportunity to reduce expenses. Who wouldn’t want to save an additional 3% on a home purchase, or $3,000 per $100,000 sale price? Buyer’s agents typically earn that amount on real estate deals, and many experts believe it is money well spent. 

Anyone can look at houses and tour them without formally working with a property dealer in Noida. A property dealer, however, can match you with the ideal property much more quickly if you make home hunting a part-time job. 

Let’s say you desire a pool or choose not to have one. You may want a kid’s playroom in the basement or a dog’s enclosed yard. If you have a specific home in mind, a property dealer is best suited to determine whether such a home exists and will also guide you through the purchasing process. 

Let’s examine some of the top advantages of working with a property dealer to purchase a home in Noida. 

Experience: 

If you want to purchase a property in Greater Noida, hire a knowledgeable and experienced dealer. He will successfully guide you through buying a property by securing a loan, arranging for the inspection and repairs, concluding a title search, and other steps due to his experience and knowledge. 

Information on market conditions: 

Market conditions determine the selling and buying prices; real estate agents know the market history and current conditions. The agent knows the average price per square foot of comparable homes, the median and average sales prices, and the ratio of supply to demand in the local micro markets.

Negotiation skills 

Unlike most buyers and sellers, property dealers can detach themselves from the feelings of the transaction, which allows them to negotiate effectively. They can evaluate the worth of a house based on their experience, so they can tell if the seller is asking for more. Some others think the agent only thinks about his commission, but this is untrue. He has a job to perform, and it’s up to him to get you the best deal on the house you want. He’s paid for it, and he understands it very well. 

Neighborhood knowledge 

When you need to learn more about a property’s neighborhood, a dealer can help. They can tell you everything from the selling history of the house across the street to information about the schools in the area. They can forecast the best-selling price of a property using their extensive database. 

Property dealers work as buffers.

When you show up or visit the property, dealers remove the spam. If you’re a new home buyer, your agent will draw a sword and keep the builder’s agents at a distance so they can’t bite you or nibble at your heels. If you’re a seller, your agent will screen out calls and work to get only serious buyers to submit an offer right away. 

Characteristics of an efficient property dealer in Greater Noida 

An efficient real estate agent can easily facilitate a successful transaction. Different roles for a property dealer include consultant, marketer, business manager, analyst, advocate, and negotiator, among others. The followings are the best qualities and distinguishing traits of a property dealer in Greater Noida:

  • Problem-solver: While there may be multiple problems, a successful property dealer can quickly find an original solution. They are adept at resolving real estate issues and have developed creative marketing plans to attract the right clients.  
  •  Self-driven: To succeed, a property dealer needs to be highly driven and able to make intelligent decisions.
  • Integrity: In a career as a property dealer, you need a solid professional reputation. A reputation can be demonstrated, such as by upholding high moral standards.
  • Hustle: It takes a lot of energy to succeed as an excellent property dealer. To have a happy client, real estate agents should be driven to follow up on every lead they receive throughout their careers. Working efficiently is just as important as putting in the necessary time. An efficient real estate agent should know every proper practice needed to close the deal.
  • Building a network of contacts within the real estate industry is one of the property dealer’s successful traits. Home inspectors, buyers, sellers, brokers, and other industry officials should be on the list of connections. 
  • The phrase “knowledge is power” is well-known. Property dealers will attract more clients if they stay current on all estate-related topics in their local markets.

An agent is your ally, whether you’re buying or selling a home. As you can see, using a real estate agent has many advantages. Remember that the growth of agents’ and realtors’ businesses depends on referrals. In other words, they’ll go above and beyond to ensure you’re happy and satisfied with their service so you can tell your friends and family about them. Additionally, the agent you choose will be there for you when you need to sell or purchase another property. This is an additional benefit and a further justification for hiring a real estate agent.

Interested in Renting a Fully Furnished Flat in Noida?

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Do you want to rent a completely furnished flat in Noida? You’re in the proper spot. Noida (New Okhla Industrial Development Authority) is a well-known North Indian city in Uttar Pradesh.

Due to the infrastructure improvements made in recent years, Noida, which is located in the Uttar Pradesh district of Gautam Budh Nagar, has been expanding quickly.

It has been expanded to Greater Noida in light of the city’s ongoing growth and expansion. The Uttar Pradesh district of Gautam Buddh includes Greater Noida as well. The Greater Noida Industrial Development Authority (GNDIA) is in charge of all the industries included in the Noida expansion. Its management covers a total of 16 communities. 

What is a fully furnished flat in Noida?

A completely furnished apartment includes a variety of amenities, such as common areas for everyday use, regular housekeeping services, etc. all of which are included in the price of renting or purchasing the apartment. After the purchase, these can be fully modified to the buyer’s specifications. As a result, these flats give their tenants a comprehensive experience without the effort or expense of furnishings. 

If you begin looking for a fully furnished property for rent in Noida, these characteristics will undoubtedly be available with lots of benefits. 

Benefits of Renting a Fully Furnished Flat in Noida 

These days, renting a flat is simply easier because of the abundance of online and offline real estate brokers. And you may take advantage of all the advantages of this, from moving in swiftly to cheaper expenses, if you’re searching for a fully furnished flat for rent in Noida.

  1. Cost Reductions: Renting a fully furnished flat can save you money over time since you won’t have to pay for furniture and other necessities out of pocket. It’s an excellent choice for first-time renters or students on a limited budget because of this. 
  2. ready to move in Renting a completely furnished flat in Noida has several advantages, including the fact that you can move in right away and don’t have to bother about searching for or purchasing furniture or waiting for it to be delivered and put together. 
  3. Adjustable terms of the lease: The majority of completely furnished apartments offer flexible rental agreements, so you don’t have to sign a long-term agreement if you don’t want to. This makes them ideal for both temporary rentals and longer-term leases. 

Types of Fully Furnished Flats for Rent

Finding a comfortable home can take a lot of research, so let Propertywala help you out, as we have shortlisted the most convenient one for you all on our website.  

Every type of flat is offered, ranging from a 1-BHK flat to a 4-BHK house. Every kind of apartment has its unique features and attractiveness.

Given that Noida is an industrial location, finding a 1-BHK flat is simple. There are commercial centers, hospitals, and educational institutions nearby, so anyone studying or working in this neighborhood may relax. The location of our two-bedroom apartment downtown is ideal. The metro station, bus stations, shopping centers, and other attractions are all conveniently close by. It is perfect for people who travel frequently because it is also near to the airport and important business centers. You may also be guaranteed your safety and comfort thanks to a power backup system that is available around the clock, security guards, and an intercom system. All the contemporary furnishings and appliances you want for a stress-free stay are included in our completely furnished apartment. Three bedrooms have cozy beds in them.

Things to keep in mind while renting a fully furnished flat in Noida 

Before choosing one or starting your search for a fully furnished flat for rent in Noida, there are a few considerations you should make.

Size of the Room: Before signing a contract, be sure the room size is appropriate for your needs by doing a comprehensive examination. Make sure that the furniture is part of the bundle and not an extra expense. Don’t forget to account for the possibility that longer rooms will cost more than smaller ones when making your choice. 

Maintenance: Before moving in, make sure that all of the furniture and appliances are in good working order and that the landlord has taken care of any necessary repairs. This will guarantee that you receive a high-quality flat that meets your demands and will help ensure your peace of mind while renting the property. 

Proximity to Amenities: Make sure the flat is situated close to conveniences like supermarkets, shopping centers, and other recreational facilities. Your stay will be more fun and convenient as a result. It’s also helpful to see whether there are any nearby public transit options, such as trains, buses, or metro stations.

Budget: It’s important to estimate your budget before searching for a fully furnished flat for rent in Noida so you can whittle down your possibilities and locate the ideal place. As a starting point, figure out how much it will cost to move into a new apartment upfront. They can include down payments, fees, and other unforeseen expenses, such as utility bills. It’s crucial to think about your monthly spending plan once you’ve moved into the apartment. In general, rent is the main expense; however, there may be other costs to consider depending on the number of amenities offered by the flat. Don’t forget to budget for additional future maintenance expenditures. 

Where to Find Your Perfect Flat in Noida

If you’re seeking an ideal area to rent a completely furnished property in Noida, you’re in luck since Noida has plenty of options. You may discover whatever you’re searching for here, from little studios to opulent penthouses. There are apartments all over the city, ranging from individually refurbished apartments to residential complexes with every possible convenience. 

A fully furnished flat is a wonderful choice since it has the following qualities:

  1. Near shopping, entertainment, and medical facilities 
  2. The readily available mode of transportation as well as the possibility of using public transit to use world-class facilities for education and entertainment. 
  3. Each unit is equipped with cutting-edge security technologies. 
  4. Quality appliances, furnishings, and other necessities are easily available. 

Conclusion 

With all the facilities and features already taken care of, renting a fully furnished flat in Noida might be a great option for individuals seeking a hassle-free relocation. It will pay off in the long term to take the time to hunt for the ideal flat for your needs. You have the option to tailor your flat depending on your requirements and tastes, thanks to the large number of flats available. Don’t wait; take the initiative to locate your ideal flat right now!

Story Behind Jaypee’s Failure

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Shri. Jaiprakash Gaur, the founder of Jaypee Group, had a single-minded focus after graduating from IIT Roorkee with a diploma in civil engineering. He decided to contribute to nation-building by branching off as a civil contractor in 1958 and founded Jaypee Group. The Group’s business interests include engineering and construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, and information technology. This article covers the story behind Jaypee’s failure. How did Jaypee start, what all the good things it did, what exactly went wrong, and what is the future now? One thing is for sure, if everything would have gone well, Jaypee would have completely changed the situation in Noida. It could have become the DLF of Noida. But could not. More than 20000 buyers are still struggling to get the homes of their dreams. Let us look at the story behind the making of Jaypee.

Work done by Jaypee:

Jaypee Infratech was founded in 2007 and it is the part of the Jaypee Group. So, let’s look at some of the successful works done by Jaypee Infratech.

1. Yamuna Expressway project:

The Group entered into the construction of expressways with a 165 km access controlled 6 lane super expressway along the Yamuna River connecting Greater Noida and Agra. You would know how well-developed the Yamuna expressway is if you have been to it. It has become a big boon for Noida. Jaypee has also built the Zirakpur-Parwanoo Himalayan Expressway. 

2. Jaypee’s Hotels and Resorts:

In New Delhi, Uttar Pradesh, and Uttarakhand, the hospitality division of the Group owns and manages five hotels. 

3. Jaypee’s Hospital:

The Jaypee Hospital is well-developed and offers excellent health facilities. The hospital is now commissioning 525 beds in the first phase of its intended 1200-bedded tertiary care multi-specialty complex.

4. Jaypee’s F1 Sports:

The Group hosted the inaugural Formula One Grand Prix of India on October 30, 2011. The track is anticipated to hold more top-tier international racing competitions in addition to F1. Though this was unsuccessful as F1 races did not succeed in India. 

5. Jaypee’s Real Estate:

The first real estate project of the group, Jaypee Greens Greater Noida, covers 452 acres. This distinguished municipality includes an 18-hole Greg Norman golf course, upscale homes, shopping centers, etc. 

India’s First Wish Town, a premier township featuring an 18 + 9 Hole golf course, world-class residences, commercial developments, numerous entertainment amenities, and acres of greenery, was Jaypee Greens’ second project when it was unveiled in Noida in November 2007. The group then started construction on Jaypee Greens Sports City and Jaypee Greens Wish Town Agra, two townships along the Yamuna Expressway and Jewar International Airport, which is scheduled to open soon, and is a 20-minute drive from the city center. 

But destiny was against Jaypee’s prosperity, and Jaypee’s fantasy township became a failure. So let’s talk about this township’s swindling and how many house buyers lost their dream homes.

Jaypee’s Failure in Real Estate:

Who doesn’t want to be the owner of their own home? All of us do. Not just any house, either. A perfect home must be spacious, well-connected to the rest of the city, have a room with a view, and have the best amenities. However, it has been more than 12 years since thousands of Jaypee Infratech Limited (JIL) home buyers in Noida were victims of the mother of all real estate failures in India. The long-drawn legal battles are ongoing, leaving more than 20,000 Jaypee home seekers running from pillar to post and many giving up.

Jaypee got the land of the wish town in return for building the Noida expressway for Rs 400 crores. The company launched 32000 flats, still, 70% of apartments are in the under-construction stage. This project did not show any signs of readiness for the completion date. Around 90% of buyers made their payment, but it was still claimed that progress has been made on this project, although there was nothing to show for it.

A total of 18,767 people paid a total of Rs.8,676 crores to the company. 1410 people received possession worth 528 crores with no registrations. 413 people canceled their booking and their refund of Rs 64 crores is still pending.

Reasons for the failure:

 The reason behind the Real estate failure of Jaypee are:

  1. Jaypee group took the money that buyers had paid for homes and invested it in other projects.
  2. The company invested the money in other businesses.
  3. The government changed at that time.

 Future of Jaypee’s Failure:

After a super-lengthy resolution process, Mumbai-based Suraksha realty group got the approval of financial creditors and home buyers to take over the company in June 2021. Furthermore, in its offer, Suraksha promised to deliver all Jaiprakash Associates’ pending housing units within 42 months. It has offered to pay Rs 125 crore upfront and infuse Rs 3,000 crore within 90 days for completing the stalled projects. It will also put Rs 300 crore receivable from Jaiprakash Associates for completing the pending housing unit. Since Jaypee was an extraordinary case, the finalization of the bids is pending before NCLT for more than 17 months for approval. After the approval, the 20,000 home buyers who have been waiting for their units in various housing projects of Jaypee can finally breathe a sigh of relief.

Process of Property Registration

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We’ll discuss some of the main points on the entire process of registration of a property in India. Although this process is quite complex, it may require a lot of time and effort by the registry office to complete. So let’s start the process of registering a property in India with propertywala.

Karnataka Property Registration - Procedure and Charges - IndiaFilings

STEPS OF PROPERTY REGISTRATION IN INDIA:

  1. The first step is to choose the property and look for all the details in the property. Negotiate with the seller. Pay 10% booking amount. Then we have an agreement to sell.
  2. Buyers should check that there are no liens or other encumbrances on the property before they make an offer.
  3. Calculate Stamp Duty. Stamp Duty is the tax levied on the transfer of real property in the state. Stamp duty rates vary from state to state. It’s calculated either on the circle rate or on the market rate, whichever is higher. It’s generally 3-10% of the property value and 1% is the registration charge.
  4. There are three methods for paying stamp duty, as follows:
    1. Method 1 – Non-Judicial stamp paper (picture). If stamp duty is Rs. 1 lakh, buy papers worth Rs 1 lakh, where sale deed will be printed on an official stamp paper.
    2. Method 2 – Franking method – Print the sale deed on plain paper. Pay stamp duty in the cheque, cash, online, or DD draft. Then the bank attests to the sale deed.
    3. Method 3 – E-Stamping (picture) – it will mention all details – generated online – Go to Stock holding corporation of India – www.shcilestamp.com. Payment will be made only at authorized centers. Collect e-stamp then.

HOW TO CALCULATE STAMP DUTY:

Now, buyers should also be aware of the Stamp duty calculation. They should also know that this tax is payable when they register their property.

For example, if the actual value is Rs. 40 lakhs and the circle rate is Rs. 50 lakhs, then you have to pay stamp duty at the highest rate out of the two. Hence, in this example, because the circle rate is greater than the actual rate then you have to pay a stamp duty of Rs. 50 lakhs.

And in another case, let’s assume that you bought a property in India with a market value of Rs 90 lakhs and the circle rate was Rs 80 lakhs. In this case, you would have to pay a stamp duty of Rs 90 lakhs. Therefore, you can calculate your stamp duty. In addition, you can also estimate stamp duty online because it varies differently and is higher in large cities and towns than in small towns or cities.

5. The next thing is a draft and print sale deed or conveyance deed, or gift deed. It mentions all details like name, address, age of both the buyer and seller, etc. It provides details about payment, including through cheque, cash, or any other method. After that, you have to print the sale deed on stamp paper and then sign each page of the sale deed. Two witnesses also have to sign the last page of the sale deed.

6. After drafting and printing the sale deed, you must register it at the sub-registrar office. The office should be located in a fixed zone of your property’s locality. To schedule an appointment online or to obtain a token number, contact the sub-registrar office by phone or in writing. Both buyer and seller should attend the registration; witnesses should be present as well. If either of them cannot attend, they must appoint someone to act on their behalf with power of attorney. All parties should bring documents such as an Aadhaar card and an identity document. Three photographs will be attached to the sale deed, and both buyers and sellers will be asked to sign their names in the presence of a sub-registrar. Fingerprints will also be taken for security purposes.

7. After that, you have to collect the registered sale deed. The deed can be collected within 15-20 days. If you took a bank loan, the bank will collect the original deed.

8. Now that the registration process is over and the property transfer is complete, you need to change the name in the land records. This process is called a mutation. If your property is located in a rural area or outside municipal limits, you will have to change the name in land records. The mutation has different names in different states. For example Jamabandi in Haryana, Punjab, and Rajasthan; Khatauni in Uttar Pradesh; 7/12 in Gujarat and Maharashtra; and Khatian in Orissa, West Bengal, and Bihar. After you register your property, the whole process of registration of your property is completed.

After Noida Lucknow to have the Realty Focus.

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Real estate gurus in the Noida region are worried a lot on Tuesday. Mega projects such as construction of the Formula 1 motor racing track were possible due to considerable political backing during the Bahujan Samaj Party (BSP) regime. However, farmers, caught in the recent land acquisition row in the same area are rejoicing after the UP election result.

As Noida and Greater Noida, next to Delhi, had gained in prominence under Mayawati as the UP chief minister, Lucknow would get the same treatment now, experts said after the results to the five state elections were announced.

So, now Lucknow may well become the new real estate capital of Uttar Pradesh under the Samajwadi Party’s rule in the state, as a result of clear shift from Noida at present.

Sanjay Sharma of Qubrex, referred to industrialist Subrata Roy’s close associations with the SP. “They (Sahara) would gain. Sahara has Sahara City Homes in Lucknow and various places in Uttar Pradesh. He also said that “They have acquired a lot of land in UP”.

As a result, even the small developers in Lucknow will benefit from this shifted focus.

Hopes Revive for Housing , Infra Projects in Patwari

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With the Supreme Court on Wednesday dismissing as withdrawn a special leave petition (SLP) filed by a group of Patwari farmers ,who challenged the Government ‘s move to work out an out of court settlement with farmers , The greater noida industrial development authority (GNIDA) is confident that the crises in Patwari will be resolved soon. There’s relief for 20,000 homebuyers who have booked flats in projects coming up in Noida Extention’s paywari village.

The Dismissal of the SLP and the indications that the Allahabad high court will begin hearing the Noida and Greater Noida land acquisition cases only after two weeks have allowed the government more time to make more and more Patwari farmers fall in line.
Not only homebuyers but projects like Metro line which is proposed from Noida to Greater Noida road (140 Metre wide, 28 Kms long) , a Greater Noida – Ghaziabad road (60 Metre wide , 22 Kms Long) will also get a new lease if life.
The authority had allotted 3,000 residential plots to people , plus there are number of corporate offices , besides schools and other institutions in that area. A section of farmers in Patwari , where the state government on August 6 struck a higher compensation deal to revive real estate projects , had moved the Supreme Court against the arrangement. Greater Noida chief executive officer Rama Raman termed the SC order “a positive sign”.
A two judge bench of the same court on July 19 quashed forcible acquition of 589 hectares of land in Patwari. But another two judge bench of the same court , while hearing some remaining petitions from Patwari on July 26 , referred the matter to the higher bench for hearing. The court also allowed the contesting parties time till August 12 for the settlement.
Farmer Layer Mr Parminder Bhati said “our contentions was when the HC had quashed acquition in Patwari village , the remaining petitions should have got the same relief. In the name of out of court settlements , government, officials and its heavy weight politicians have been putting pressure on farmers”
Farmers also claimed the court’s stand on Wednesday as victory for them. Ranveer Pradhan a farmer said “we thought we might not get back our land.but the court has approved of the july 19 verdict of the high court”.”The court has said the July 19 verdict was in favour of farmers and assured if the high court’s higher bench ruled against the interest of farmers they can move the Supreme Court.” Said Bhati.

Relief in Patwari Village, Admin Begins Paying

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Greater Noida: The out of court agreement reached between a 15-member committee of Patwari and the officials are super quick in making payment of revised land rates. Officials on Tuesday distributed cheques among 24 farmers. Another 14 farmers have signed the draft agreement. The CEO Rama Raman of GNIDA confirmed the payment.

If the Patwari pact stands, it will save 20,000 under constructed houses in the village. Generally, authority takes months to pay compensations but in it’s desperation this time the authority is issuing cheques in hurry. GNIDA will give the increased cash compensation to only those farmers who agree to the deal through affidavits, stating they will withdraw petitions and will never challenge the deal in court. The authority, three years ago acquired 589 hectares of land in Patwari at Rs 850 per sq m. About 15% of farmers have not accepted the compensation. Now, the compensation has been hiked to Rs 1400 per sq m. Of Rs 550 hiked, Rs 290 will be borne by the builders.

Property Prices Set to Soar in Twin Cities

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The lands in Noida and Greater Noida will make houses costlier in both cities. Out of 54 villages in Noida, 40 have been agitating for plots for years. So, more land is still required. There will be no land left for allotment to developers. Demand for land is ever increasing; land prices are bound to go up considerably. Apart from 10,000 odd farmers who are seeking developed land plots, about 4500 farmers in 11 villages of Noida, whose land was acquired before 1997 have also launched an agitation.

The authority says in order to meet the demand the option of raising floor area ratio that allows construction of bulkier buildings. But this alone can’t solve the crisis. The land rates have to go up.

In Greater Noida, the situation is different. Here, two court decisions have quashed forcible acquisition of about 750 hectares of land in two villages. Other villages have also moved court. The process of out-of-court settlement is on. If the farmers are paid more, land prices automatically will go up. If there is no out-of-court settlement, land has to be reacquired under the state’s new acquisition policy, which leaves less saleable land with the authority.

Talks Fails, GNIDA CEO faces ‘Hostile’ Crowd.

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Greater Noida: 11 days left for the state government to work out an out of court settlement with Noida Extension farmers, the GNIDA has rushed talks but without success. The discussion between authority and the farmers of Patwari village failed on the issue of compensation, because back to back court orders quashing forcible land acquisition. The fate of 1 lakh houses in Noida Extension hangs in the balance.

The CEO of GNIDA Rama Raman, faced a hostile crowd of farmers, who said if the authority could not hike the compensation then there is no point of holding this discussion. They also accused the authority of trying dividing farmers by giving rehabilitations and other benefits to selected farmers, to weaken the movement against land acquisition.

Farmer leader said the authority is trying to play divide and rule policy by keeping land of some influential farmers. He told CEO, no out of court settlement could be reached out without hiking the compensation. The CEO said 4 bighas of land belonging to the village head would be regularized and not termed as encroachment.

The discussion between the authority and the Patwari village’s farmers failed on the issue of compensation. The authority wants to acquire the land and pay according to new acquisition and rehabilitation policy which allows the authority to give farmers bigger developed land plots, Rs 200 more per sqm as cash compensation, besides annuity payouts.

Proposed Delhi Metro Project to Greater Noida through Noida Extension Shelved

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In Noida extension land buyers woes know no end. The Allahabad court quashed acquisition of about 600 hectares of land in village Patwari. Almost 20,000 buyers have been affected. But the damage caused is huge.  The court deferred its hearing on a petition till July 26 challenging the acquisition of 466 hectares of land in Roza-Yaqoobpur village.

The GNIDA will have to dig up two important inter-city road links and make the stretch fit for cultivation. The authority will not be able to build its Metro line from Noida to Greater Noida via Noida extension. The CEO Rama Raman, GNIDA, confirmed the undoing of the road links and shelving of Metro  project.

GNIDA has so far spent INR 1500 crore in Noida extension in terms of development to its infrastructure. The common catchphrase is, when roads have to be dug up and returned then why build one? The Deputy CEO Akhilesh Singh of GNIDA said, 70% work on Greater Noida – Noida road which is 130mtr wide and 28 Km long is over. The link was even operational in patches. But since it passes through Shahberi, Patwari and some other villages, so this road might have to be returned to the farmers in the form of agricultural field. Similarly, the Greater Noida – Ghaziabad road which stretches 60mtr wide, 22 Km long will have to be undone as its land also falls within the affected areas of Noida Extension.

Omaxe to develop Hi-Tech Township in Lucknow

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Omaxe Ltd. is going to develop a Hi-tech township spread over about 2700 acres in Lucknow the city of nawabs. Garv Buildtech Private Ltd, a subsidiary of Omaxe, has entered into a MoU to develop the said Hi-tech Township in Lucknow.

The Hi-Tech Township which is expected to yield estimated revenue of over Rs 2800 crores will be executed over a period of 5-7years and is slated to cater to the growing demand of quality living space in the city. The township is strategically located on the proposed Lucknow Ring Road in close proximity to Lucknow Airport and only half an hour drive from Hazratganj, center of Lucknow city.

Speaking on the announcement, Mr. Rohtas Goel, CMD, Omaxe Ltd said, “The hitech township is an attempt to recreate an entirely new living experience in the city of Nawabs. There is already substantial pressure on the existing infrastructure and this township will attempt to ease the demand by providing state of the art facilities in close quarters. This hi-tech township will indeed reinforce the commitment to develop and deliver a world class product to the new aspiring class of local residents and the migrants from other cities.”