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12/10/2018 04:49pm

Noida resident’s demands freehold of property; Noida Authority to take call on Oct 25 in a meeting

image Noida resident’s demands freehold of property; Noida Authority to take call on Oct 25 in a meeting

New Delhi, Oct 12 (KNN) To take a final call on whether the residential properties in the city will remain leasehold or be allowed to become freehold, Noida Authority will hold its next board meeting on October 25, informed NP Singh, President of Noida Residential Welfare Association umbrella body FONRWA.

Speaking to KNN India, Singh said “We have been demanding conversion of Noida’s leasehold properties to freehold so that citizens of Noida can become the owners of their properties.”

In Noida, citizens are just like tenant because they do not have full authority of the property in which they have been living so long, he added.

He further added that in Noida, the allotment of residential plots is done on leasehold basis that is for 90 years and 40 years has already been passed.

Since properties in Noida are leasehold and due to which citizens find difficulty in selling the property as full control has been with government.

However, he told that with the freehold of property, an allottee has a right of ownership of the property in which they have been living.

He further added that because of leasehold the property holders can’t even distribute the property between their sons.

Being assured about the decision to be in their favor he said “This is our long pending demand and we already had meeting with various ministers over this matter, the decision will definitely come in our’s favor and in case if doesn’t, we will continue this fight.”

Demanding representation in Noida Authority meeting, he said, “We demand membership for at least two from FONRWA and two from Noida Entrepreneurship Association on the board.”

Noida residents and businessmen last month had protested outside the Noida Authority’s office demanding freehold property.

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