DDRWA, Gautam Budh Nagar wrote a letter to the principal secretary of the residential and urban town planning department, Uttar Pradesh on January 10, 2022, expressing concerns over the new update in land conversion policy for allottees.
Uttar Pradesh government has brought a new update in the conversion of leasehold land into freehold policy. According to the latest update, the owner of the land has to pay 25 per cent of the circle rate. The policy was last updated 7 years ago.
The letter mentioned that one-time lease rent has been deposited by most of the residents of Noida to the Authority. Thus, it is unreasonable to ask them for lump sum money for freehold. The last date of feedback submission was January 18.
Freehold policy has already been issued by the ruling government, the number has been notified by 1639/6 - 1-95-80- f ms/86 on May 10, 1995. It has been valid for entire Uttar Pradesh, except the cities which come under the seven industrial development authorities.
Sanjeev Kumar, Vice President DDRWA says, "There is no rationale or justification for bringing in a freehold policy now based on conversion charges as per current circle rates, which are quite high at this stage. Undoubtedly, this would be a harsh and heavy burden on the allottees and it is certainly against the public interest."
N.P Singh, President of DDRWA says, "Noida has been converted into residential towns, while it was originally planned as an industrial city."
He adds, "Most of the allottees have already paid the required premium as the cost of the allotted land as well as the lump sum lease rent and some others are paying the annual lease rent regularly."