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Construction : General1213 | May 2011 | Source : Construction Update

Realty Buyers Adopts Wait-n-Watch Policy for Noida Extension

The Allahabad High Court has recently denotified more than 150 hectares of land acquired by the Greater Noida Authority and directed the entire land to be returned to their respective owners in Gautam Buddh Nagar district. The Greater Noida Industrial Development Authority is planning to move the Supreme Court against this directive.

Due to the court ruling, the housing demand in NOIDA extension is likely to be affected to a greater extent. The realty buyers are now adopting wait-n-watch policy with regard to taking real estate decision in the Noida extension area.

 
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