RWAs demand freehold property rights and separate authority for new Noida

Members of the Confedrations of NCR Resident Welfare Association (CONRWA) demanded converting residential land property of Noida Authority from leasehold to freehold, no increase in FAR post-freehold, and establishment of a separate authority for upcoming New Noida, during a meeting with Noida MLA Pankaj Singh over the weekend. Currently, all plots and flats in Noida are sold on a 99-year lease. Residents have been long demanding freehold rights of their properties under the UP Industrial Act 1976. In 2018, the Noida Authority in its 195th (CEO), Alok Tandon, gave in-principle approval for converting Noida properties from leasehold to freehold. A committee was formed under the chairmanship of then ACEO on Oct 10, 2018, based on which, Tandon sent the recommendation to the state govt on Nov 26, 2018. The committee recommended setting up a short-term corpus fund on converting the assets of the residential plot from leasehold to freehold, which will be invested or can be a source of recurring income by receiving interest on it. New Noida, the NCR body maintained that a separate authority should be formed for this area. "The current area of Noida is about 200 square kilometres and the population is about 15 lakhs with a total of 163 sectors. At present, there is a huge shortage of staff within the Authority to manage this area. A new CEO, an ACEO, and an OSD should be appointed for New Noida," said Lokesh Kashyap, another member of the delegation. 
 

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