Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
The upcoming board meeting of the Yamuna Authority scheduled for today will address several crucial proposals. One of these proposals aims to provide relief to around 1,600 allottees affected by the cancellation of two housing schemes. They will be charged only for the period of their transition to the new scheme, reducing penalties for delayed payments. The board will also consider offering successful flat scheme allottees the option to participate in the plot scheme and plans for a 150-bed old-age home, with 50 beds for the sick and disabled. Changes to the group housing scheme, modifications to data centre park plots, and a one-time settlement for certain allottees will also be discussed. Additionally, a revised detailed project report for the proposed heritage city in Mathura-Raya is on the agenda.
The Yamuna Authority is gearing up for an important board meeting scheduled for September 13, where several significant proposals are set to take centre stage. One of the prominent proposals on the agenda is expected to bring relief to approximately 1,600 allottees who were originally allocated flats constructed by the authority under two now-cancelled schemes. Under these schemes, allottees were given the choice to either withdraw their investments or opt for flats in an alternative scheme. Those who chose to join the new scheme faced penalties in the form of levied penal interest for delayed instalment payments.
Advertisement
In response to protests from affected allottees, the Yamuna Authority is now poised to propose a fairer approach. Specifically, they will recommend charging allottees only for the period during which they transitioned into the second scheme, aiming to alleviate the financial burden on these individuals.
Furthermore, the authority is contemplating extending an opportunity for successful flat scheme allottees to participate in the plot scheme. This move aims to address the concerns of families who have found residing in small flats challenging and offer them an alternative in the plots scheme.
In a bid to cater to the needs of the elderly, a proposal to construct a 150-bed old-age home will also be presented during the board meeting, with 50 beds specifically reserved for the sick and disabled. Changes are also on the horizon for the group housing scheme, as the board intends to offer allottees the flexibility to make payments over a five-year period, deviating from the previous lump-sum payment requirement.
Moreover, the board will consider a proposal to modify the rules governing the upcoming data centre park plots scheme, making it more accessible and attractive to potential participants. For those falling under the categories of industrial, mix land, commercial, and institutional allottees, a one-time settlement (OTS) will be proposed, potentially easing their financial obligations.
Last but not least, the revised detailed project report (DPR) for the proposed heritage city in Mathura-Raya will be presented for the board's consideration, adding to the diverse array of topics to be discussed during this pivotal meeting. Stay tuned for updates as the Yamuna Authority addresses these critical issues and potential reforms in the coming days.
Advertisement
Facebook
Whatsapp
