Noida Authority Lift Ban on Sports City Project in Sector 50

                NOIDA: The Noida authority is likely to lift the 
three-year long ban imposed on apartment 
registration in the Sports City housing project 
located in Sector 150, said officials on 
Tuesday.
The move will benefit thousands of 
homebuyers who are suffering for the last 
three to four years after the authority, in 2021, 
had 
imposed the ban in view of the comptroller and 
auditor general (CAG) audit.
The state’s highest body -- public accounts 
committee (PAC) consisting of senior MLAs -- 
following a probe has finally recommended 
to remove the ban, and approve the revised 
layout of Sports City project having Luxury 
housing projects in Sector 150, located along 
Noida-Greater Expressway.

“Since we have got the recommendations to 
lift the ban on registry and also approve the 
revised layout submitted by the developer, we 
have decided to take the matter up in the 
upcoming board meeting that will be organised 
soon after the chairman gives time for the 
same,” said Noida authority’s chief executive 
officer (CEO) Lokesh M.
After discussing the matter, the authority board 
will take a call on starting apartment 
registration, issuance of occupancy certificate 
and also approving the revised layout of this 
housing project, he added.

The Noida Authority aims to organise the 
board meeting any time before the model code 
of conduct comes into effect ahead of the 
2024 general elections, if the UP additional 
chief secretary Manoj Kumar Singh who is also 
chairman of the Noida authority gives time 
for the same, the CEO further added.
Under Singh’s chairmanship, the board will 
discuss the Sports City issues on merit basis 
and decide the fate of this project where huge 
investment is at stake.
“The authority had banned sub-lease (registry) 
of plot or flat sale in Sector 150 because the 
comptroller and auditor general of India 
had started the probe. Now the CAG 
observations were looked into and resolved by 
the PAC. Also, the PAC asked the Noida 
authority 
to remove the ban imposed on sublease deed 
and approve the revised layout of Sports City 
so that the stuck realty projects can take 
off,” said a Noida authority official aware of the 
matter.

The Noida authority’s 201st board meeting had 
on January 18, 2021 banned the approval of 
building map revisions and also the 
registry of the apartment owners in the city’s 
Sector 150, located along Noida-Greater Noida 
Expressway causing distress to the 
homebuyers who are living in their respective 
apartments without registry.
Under the sports city project, the consortium 
of developers led by Lotus Greens 
constructions private limited are developing 
ultra 
luxury housing projects on 30 percent of land 
and remaining 70 percent is reserved for 
recreational green with world-class sports 
facilities as per the terms of the scheme, said 
officials.

In master developer Lotus Greens’ sports city 
the Tata, Godrej, ACE, Prestige Group, Home 
Kraft, Eldeco and Samridhi Group among 
others are developing realty projects, and the 
Birla Estates has also shown interest to take 
up land in this project, they added.

In 2014-15, the Noida authority had allotted 12 
lakh square metres of the sports city land in 
sector 150. However, the Noida authority is 
yet to hand over the possession of at least 
300,000 square metres of sports city land due 
to farmers’ dispute prompting a group of 
realtors to approach the Allahabad high court.

At least 10,000 homebuyers will get immediate 
relief as they will be able to execute their 
registries, if the authority implements the 
court order.
According to Dinesh Gupta, secretary, 
Confederation of Real Estate Developers 
Associations of India (CREDAI), Western UP 
chapter, 
and managing director of Samridhi Group, they 
are happy to learn that the Noida authority will 
remove the ban on registry and also 
approve the revised layout of building maps 
following the PAC directions.

“The move will benefit the homebuyers, who 
are waiting for their registries for a long time,” 
he said, adding: “Also, the move will boost 
sentiment in this sector 150 that is home to 
the luxury realty projects and the most sought 
after destination for those who want to own 
a dream home.”



Source: Hindustan Times