In an announcement that has brought cheers to Noida residents the Noida Authority is considering making property freehold from leasehold that will mean that the buyers or allottees will have the title in their name. The Noida Authority has given an ‘in-principal approval’ for such conversion. However, the proposal needs to be ratified by the state. If approved this change will have at least an impact on property rates from a psychological point of view. The decision was taken in the Noida Authority’s 195th board meeting.

 

delhincrnews.in reporter

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