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25th June, 2013 Source:The Times of India

Landowners in Greater Noida will be hit hard if the Greater Noida Industrial Development Authority (GNIDA) changes its building bylaws as they will either need to build structures on vacant plots or sell them to someone else who will to avoid the plots being confiscated. Sources said that the proposal to amend the bylaws comes in the wake of Greater Noida city, which has been in existence since January 1991, falling below its targeted population by almost 25%.

As per the proposal, allottees would be required to construct 100% area of the allowed Floor Area Ratio (FAR) on a plot within two years of allotment. This rule would apply only to the residential category and only on new allotments once the amendment is approved, officials said. Currently, allottees are required to complete a minimum 50% construction of the FAR. Till September 2011, property owners were allowed to seek completion certificates after constructing just 25% of the permitted FAR. In the existing system, allottees of residential plots in Greater Noida are penalized and even allotment are cancelled if construction is not done within the prescribed period.

Sources said with a population touching just 3.5 lakh, nearly 70% of the city remains unoccupied “threatening the social stability of the area.” However, as per the Census 2011, Greater Noida has achieved a population of only 1 lakh in 15 years. This indicates a slow rate of growth of population. According to the Authority board’s regional plan 2021, a population of 7 lakh by 2011 and 12 lakh by 2021 was targeted while the total population for Greater Noida Phase-1 and Phase-2 is targeted to be about 29 lakh by 2021-2031.

Meanwhile, official said the proposal would be sent to the state government for approval after being approved by the Authority board.