Noida Authority gives in principal nod to free holding properties
| Friday | 2nd November, 2018
NOIDA: The Noida Authority on Thursday gave its in-principal approval to the conversion of landholding rights from "lease hold" to "freehold" subject to nod from the Uttar Pradesh government, according to officials.
The authority also agreed to take feedback from the public over allowing floor-wise sales of houses built in residential areas, they said.
"The proposal was brought for discussion in the meeting and the board gave an in-principal nod for converting the landholding rights to freehold.
The protestors, who were joined by Gautam Buddh Nagar MP Mahesh Sharma, had accused the Noida Authority of having "anti-people" policies.
In cases of acquisition of farm land, the authority is liable to provide its owners with five per cent developed land in a populated area.