Over 300 flats registered in Noida during the Navratri festival
Real Estate

Over 300 flats registered in Noida during the Navratri festival

Over the past nine days of Navratri, the stamp and registration department registered 303 flats, collecting Rs 1.03 billion in stamp duty. This figure is nearly three times higher than the usual number of registrations.

Assistant Inspector General Registration (I), BS Verma, explained that they typically register 10-20 flats daily, but during Navratri, registrations surged as people view the festival as an auspicious time for significant purchases. On some days, the department processed as many as 75-85 flat registrations in a single day.

In addition to flats, 1,804 other properties were registered between October 3 and 11, bringing the total number of property registrations to 2,107.

The stamps and registration department collected Rs 35.85 billion in 2023-24, compared to Rs 30.18 billion in 2022-23, and the department aims to collect Rs 48.80 billion in the current financial year.

Meanwhile, the Noida Authority plans to refer developers of six residential projects to the Economic Offences Wing (EOW) due to Rs 10.35 billion in unpaid land dues. These developers did not opt for the Uttar Pradesh government’s rehabilitation package for stalled projects.

Out of 57 projects that defaulted on land dues, 29 accepted the package, which provided a two-year zero-period relief from April 2020 to March 2022, exempting developers from penalties and interest during the lockdown.

Seventeen developers made partial payments, while five consented but did not make any payments. Six others neither gave their consent nor made payments. Under the rehabilitation and resettlement scheme, nearly 1,500 flats have been registered in Noida so far.

In December of the previous year, the Uttar Pradesh government introduced a rehabilitation package to accelerate flat registrations in the state. The guidelines incorporated several recommendations from the Amitabh Kant committee, which developed a roadmap to revive 2.4 lakh stalled or stressed housing units. The zero-period waiver applied to interest accrued during the two years of the Covid-19 pandemic.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Over the past nine days of Navratri, the stamp and registration department registered 303 flats, collecting Rs 1.03 billion in stamp duty. This figure is nearly three times higher than the usual number of registrations. Assistant Inspector General Registration (I), BS Verma, explained that they typically register 10-20 flats daily, but during Navratri, registrations surged as people view the festival as an auspicious time for significant purchases. On some days, the department processed as many as 75-85 flat registrations in a single day. In addition to flats, 1,804 other properties were registered between October 3 and 11, bringing the total number of property registrations to 2,107. The stamps and registration department collected Rs 35.85 billion in 2023-24, compared to Rs 30.18 billion in 2022-23, and the department aims to collect Rs 48.80 billion in the current financial year. Meanwhile, the Noida Authority plans to refer developers of six residential projects to the Economic Offences Wing (EOW) due to Rs 10.35 billion in unpaid land dues. These developers did not opt for the Uttar Pradesh government’s rehabilitation package for stalled projects. Out of 57 projects that defaulted on land dues, 29 accepted the package, which provided a two-year zero-period relief from April 2020 to March 2022, exempting developers from penalties and interest during the lockdown. Seventeen developers made partial payments, while five consented but did not make any payments. Six others neither gave their consent nor made payments. Under the rehabilitation and resettlement scheme, nearly 1,500 flats have been registered in Noida so far. In December of the previous year, the Uttar Pradesh government introduced a rehabilitation package to accelerate flat registrations in the state. The guidelines incorporated several recommendations from the Amitabh Kant committee, which developed a roadmap to revive 2.4 lakh stalled or stressed housing units. The zero-period waiver applied to interest accrued during the two years of the Covid-19 pandemic.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?