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Home > Forum > Noida > Real estate News > Institutional plots can be used for residential purposes in Noida

Institutional plots can be used for residential purposes in Noida

Q: Hi, It seems that the earlier lands that were reserved for only institutions can be now used by home owners.

noida authority
noida real estate
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Replies (2)
1
Well, Some portion and limitations are there as only 10% residential, 10% commercial and 5% for other facilities can be sub leased out and the lease deed too has been divided in three parts depending on the size of allotted plots.
Aloke Kumar Singh


2
Yes Wahi, the authority was finding it difficult to find people to develop the plot and so has decided to allow the owners to sell part of the land for residential purposes. This will boost housing projects in the area.
Subhankar Das


Yea, although located on or near the Noida - Greater Noida expressway And big and good plot sizes, there are no developers for about 1200 such institutional plots.
Lekshmi,  
13th May 2014


3

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