Noida Property: If you have a flat in Noida, sell it immediately and run away, know why it was said so
Noida Property: If you have a flat in Noida, sell it immediately and run away, know why it was said so

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Real Estate in UP: Noida is considered a posh area for people living in Delhi. Everyone dreams of owning a flat in areas like Noida and Greater Noida. Meanwhile, significant news has emerged regarding property in Noida, which will surprise many. Finance expert Akshat Srivastava said that if you have purchased a flat in Noida/Gurugram as an investment, sell it immediately. Failure to do so could lead to difficulties in the future. Akshat says that selling these flats and withdrawing your money may become increasingly difficult in the future.

According to media reports, the Uttar Pradesh government is preparing to introduce new regulations. The government is preparing to eliminate the ground coverage limit and increase the floor area ratio (FAR). This will allow for more construction in industrial, residential, and commercial projects. This means that buildings will now be able to be built taller.

In such a situation, people will have more options to buy new properties, and selling old ones may become more difficult. Akshat says that taller buildings mean more supply. This increased supply will make it more difficult to sell old flats. This will also put pressure on existing infrastructure.

Learn about the UP government’s rules
The UP government is developing new building regulations for Noida, Greater Noida, and YEIDA. These regulations aim to simplify construction rules. This will increase investment and eliminate regulatory confusion. The new regulations are based on the Gujarat and Singapore models. These include removing coverage caps, uniform setbacks from 3 to 9 meters, simplifying parking regulations, reducing landscaping requirements by 5-10%, and removing building height restrictions.

However, height restrictions will still apply near airports and heritage sites. This will benefit the construction industry and accelerate the development of cities.

RBI New Rule : If you have a bank account, do this, otherwise it will be closed, this month is the last date

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