Greater Noida
Greater Noida
Greater Noida
FOR ALLOTMENT OF
RESIDENTIAL SINGLE STOREY
(INDEPENDENT HOUSE) & FOUR STOREY FLATS
IN SECTOR
XU-I-II-III, OMICRON-1A-1-III, SECTOR-03, MU-II & ETA-II
IN
GREATER NOIDA
IMPORTANT DATES
A. SCHEME DETAILS
Scheme Name/ Code: BHS-13/2010
Scheme Details :
Sl. Sector No. of flats Area (In Tentative Cost of the flat Registration money
No. (Tentative) Sq.m.) (Rs. In lacs) (for every flat in
Rs.)
1 XU-I 20 90 27.62 2,80,000/-
ELIGIBILITY
B-1 GENERAL CATEGORY
(i) The applicant should be an Indian citizen and competent to contract and have
attained the age of majority.
(ii) He/she should not earlier been allotted any residential plot or flat or house, in
full or in part, on lease hold or free hold basis or under HPTA (Hire Purchase
Tenancy Agreement), License Agreement by the Greater Noida Industrial
Development Authority either in his/her name or his/her spouse name or in the
name of his/her minor or dependent children, under this category.
(iii) Eligible applicant, his/her spouse or his/her dependant children can apply one
flat only.
In this category, if flat is allotted to the occupier of staff-quarter, he/she shall has
to vacate it after taking possession of the flat. In case of delay, market
rent/penalty would be charged as fixed by the CEO.
Under this category, Allottee cannot sell the flats within 10 years from the date
of allotment.
If the applications received are less than the flat reserved under any reserved
category, the remaining flats will be transferred to General Category Applicants
at the time of draw of lots.
C. PROCEDURE OF ALLOTMENT
Allotment would be made by the draw of lots within each eligible category. The draw of lots for
allotment of specific flat numbers to the allottees shall also be done alongwith the draw for
allotment.
D. HOW TO APPLY
The application form can be purchased on payment of application-cum-processing fee of Rs.
1100/- from any of the Bank branches listed below. For getting application form by post, Demand
Draft of Rs. 1150/- should be sent to the Sr. Manager, Bank of Baroda, Gamma Shopping
Complex, Sector-Gamma, Greater Noida City, Greater Noida, Pin Code-201308. In such case,
please add Rs. 50/- along with the registration amount towards postal charges. The form can also
be downloaded from www.greaternoidaauthority.in. In such case, please submit Demand Draft of
Rs. 1100/- along with the registration amount towards the cost of brochure.
The application form duly completed and signed alongwith the required registration money should
be submitted to any of the listed Bank branches on or before closing date of the scheme.
Applicants as per their eligibility should apply in the application form attached herewith along
with Demand Draft /Pay Order on account of Registration Money, drawn in favour of “Greater
Noida Industrial Development Authority” payable at New Delhi/Noida/Greater Noida. The
applications completed in all respect can be deposited in any of the Bank branches listed below in
Clause 'D'. The acknowledgment receipt of the application form shall be given by the respective
Banks.
D-1. For General Category, Institutional, Industrial and Commercial Categories prescribed
banks
SR. NO BANK CODE NAME OF BANK & ADDRESS
1- 01 Allahabad Bank, Sec.10, Noida
2- 02 Axis Bank, Sector-16, Noida.
3- 03 Royal Bank of Scotland, Sec. 18, Noida.
4- 04 Bank of Baroda, Sector-Gamma-II Greater Noida.
5- 05 Bank of Maharastra, Sec. Alpha-I, Greater Noida.
6- 06 Canara Bank, Gamma Shopping Mall, Greater Noida.
7- 07 H.D.F.C Bank Sec-Alpha Comm. Belt, Greater Noida.
8- 08 H.D.F.C Bank K-2, Somdutt Tower, Sector-18, Noida.
9- 09 H.D.F.C. Bank, Darbari Lal Sharma Marg, New Vidhan Sabha, Lucknow.
10- 10 H.D.F.C. Bank, G-3/4, Surya Kiran Building, 19, K.G. Marg, New Delhi.
11- 11 Indian bank, S-7, Gamma Shopping Mall, Greater Noida.
12- 12 Indian bank, AB-20, Safdurjung Enclave, New Delhi.
13- 13 Indian Bank , G-41, Connaught Place, New Delhi.
14- 14 Oriental Bank of Commerce , Sector-20, Noida .
15- 15 Oriental Bank of Commerce , The Mall, Kanpur.
16- 16 State Bank of India, K.P.-I, Near Kailash Hospital, Greater Noida.
17- 17 State Bank of Bikaner & Jaipur, Sec.18, Noida.
18- 18 Union Bank of India, C-56,A/28 Sec.62, Noida.
19- 19 Union Bank of India, Om Tower, Alpha Commercial Belt, Greater
Noida,
20- 20 Vijaya Bank, Sector-19, Noida.
21- 21 Andhra Bank, Sector-19, Noida.
22- 22 ICICI Bank, Alpha Commercial Belt, Greater Noida.
23- 23 Punjab National Bank, Sector- Alpha -2, Greater Noida.
24- 24 Indusind Bank, K-10, Sector-18, Noida
25- 25 Corporation Bank, S-6, Gamma Shopping Mall, Greater Noida.
E PAYMENT PLAN
E-1 CASH DOWN PAYMENT PLAN (Payment Code B-5.1)
In this plan, successful applicant/ allottee are required to pay the total premium of the flat
(after adjusting registration money already paid) within 90 days from the date of
allotment. Once Cash down payment plan is opted, no change in payment plan will be
permitted. A rebate of 2% on balance premium shall be given to the allottees opting cash
down payment plan.
E-2 TEN YEAR PAYMENT PLAN WITH INTEREST (Payment Code B-5.2)
In this plan, 30% of the total premium of the flat (after adjusting registration money
already paid) shall be payable within 45 days from the date of allotment as allotment
money. Balance 70% shall be payable in Twenty equal half-yearly instalments calculated
from the 46th day from the date of allotment with interest @12 p.a.
NOTE:
1. For the purpose of this document the date of issue of allotment letter shall be
reckoned as the date of allotment.
2. For the purpose of this document the date of execution of lease deed shall be
reckoned as the date of taking over of possession.
F MODE OF PAYMENT
F-1 All payments to the Authority can be made in the form of Demand Draft/Pay Order
drawn in favour of “Greater Noida Industrial Development Authority payable at New
Delhi/Noida/Greater Noida”. The payments shall be accepted directly at the Bank
branches authorized in allotment letter.
F-2 Normally, no extension in payments shall be allowed. If the amount payable to the
Authority is not paid within the prescribed time limit, extension of time for such default
period under exceptional circumstances may be allowed upto a maximum of 3 months
subject to the condition that during the entire payment plan such extensions shall not be
more than three times. In the event of extensions, interest @ 15% per annum
compoundable quarterly shall be payable on the defaulted amount for the defaulted
period.
F-3 The payment made by allottee/lessee shall first be adjusted towards the interest due, if
any, and thereafter the balance shall be adjusted towards the instalment due and the lease
rent payable.
G AREA
G-1 The area of flat allotted may slightly vary at the time of handing over of the possession.
The premium of the flat will proportionately vary due to such variation. If such variation
is less than or equal to 10%, no change in location or surrender shall be allowed.
However, if such variation is more than 10%, the allottee shall have the option of
surrendering the allotment and take back entire money deposited by him/her with 4%
simple interest.
H AS IS WHERE IS BASIS
The flat will be accepted by the allottee on “as is where is basis” on lease for a period of 90 years
unconditionally.
I UNSUCCESSFUL APPLICANTS
Those applicants who have not been allotted flats will be returned their registration money without
interest, if the period of deposit of such money with the Authority is less than one year. However,
if the period of deposit is more than one year, 4% simple interest, shall be paid for the entire
period of deposit.
J SURRENDER
J-1 In case of surrender before allotment/draw of lots, the entire Registration Money
deposited shall be refunded without interest.
J-2 In case of surrender after the allotment/draw of lots but within 30 days from the date of
allotment, 10% of the Registration Money shall be forfeited and balance amount
deposited shall be refunded without interest.
J-3 In case of surrender after 30 days of allotment but before 90 days (for Payment Plan B-
5.1) and within 45 days of allotment (under Payment Plan B-5.2), 50% of the registration
money will be forfeited and balance amount shall be refunded without any interest. No
separate notice shall be given for the same.
J-4 In case the allotment is sought to be surrendered after 90 days (under Payment Plan B-
5.1) and after 45 days (under Payment Plan B-5.2) but before 6 months from the date of
allotment, 10% of the total premium of flat shall be forfeited. Balance amount, if any,
shall be refunded without any interest. No separate notice shall be given for the same.
J-5 In case of surrender after six months from the date of allotment, entire deposited money
shall be forfeited.
J-6 In case the allottee fails to deposit the due amount within the stipulated time, allotment
will be liable for cancellation and in case of such cancellation, the money so deposited till
the date of cancellation will be forfeited.
NOTE: The date of surrender in the above cases shall be the date on which application is
received at the Authority's office. No subsequent claim on the basis of postal
certificate will be entertained.
K CANCELLATION
In addition to the other specific clauses relating to cancellation, the Authority/Lessor, as the case
may be, shall be free to exercise its rights of cancellation of allotment/lease in the case of :
1. Allotment being obtained through misrepresentation/supression of material facts.
2. Any violation of directions issued, or rules or regulations framed by the Authority or by
any other statutory body.
3. Default on the part of the applicant/allottee/lessee for breach/violation of terms and
conditions of registration/allotment/lease and/or non deposit of allotment amount.
In the event of cancellation, under sub-clause (1,2,3) above, the entire deposits till the date of
cancellation shall be forefeited and possession of the flat will be resumed by the Authority/Lessor
with structure thereon, if any, and the allottee/lessee will have no right to claim any compensation
thereof.
The possession is likely to be offered to the allottees within a period of 2 to 3 years from the date
of issue of allotment letter.
O DOCUMENTATION CHARGES
The cost and expenses of preparation, stamping and registering the legal documents and its copies
and all other incidental expenses will be borne by the allottee who will also pay the stamp duty of
transfer of immovable property levied or any other duty or charge that may be levied by any
authority empowered in this behalf.
P MORTGAGE
1. The allottee/lessee may, with the previous consent of the lessor, mortgage the flat after
execution of lease deed to any scheduled bank / financial institution for raising loan
subject to such terms and conditions as may be decided by the authority/lessor at the time
of granting the permission, provided that in the event of sale or fore closure of the
mortgaged or charged property the lessor shall be entitled to claim and recover such
percentage, as decided by the lessor, of the unearned increase in the value of said land as
first charge, having priority over the said mortgage charge. The decision of the lessor in
respect of the market value of the said land shall be final and binding on all the parties
concerned.
Provided further that lessor shall have pre-emptive right to purchase the mortgage or
charged property after deducting such percentage as decided by the lessor of the unearned
increase as aforesaid.
The lessor's right to the recovery of the unearned increase and the pre-emptive right to
purchase the property as mentioned herein before shall apply equally to involuntary sale
or transfer, be it by or through execution of decree of insolvency/court.
2. The lessee/allottee shall not be allowed to change the specifications made in the flat.
3. In case of any violation of any regulation/direction, the defect, if not compoundable could
be got rectified by the Authority and the expenses incurred in carrying out such work will
be recovered from the allottee/lessee.
Q TRANSFER OF FLAT
Q-1 LEGAL HEIR (In the event of death of allottee)
The transfer of flat to his / her legal heir will be allowed with prior permission of the
Chief Executive Officer/or any officer authorised by CEO in this regard, subject to the
fulfillment of prescribed conditions.
T MAINTENANCE
1. The allottee at his own expense will take permission for sewerage, electricity and water
connections from the concerned departments of the Authority or from the competent
authority in this regard.
2. That the Lessee will keep the demised premises and buildings
i) at all times in a state of good and substantial repairs and in good sanitary
condition to the satisfaction of the lessor.
ii) the available facilities as well as the surroundings neat and clean and in good
healthy and safe condition to the convenience of the inhabitants of the place.
3. That the lessee shall abide by all regulations, bye-laws directions and guidelines of the
Authority framed/issued under section 8, 9 and 10 or under any other provisions of the
U.P. Industrial Area Development Act, 1976 and rules made therein.
4. In case of non-compliance of these terms & conditions, and any directions of the
Authority, the Authority shall have the right to impose such penalty as the CEO may
consider just and/or expedient.
5. If the maintenance work of any area is not found satisfactory according to the Authority,
then the required maintenance except which shall be constructed over the demised
premises or at a place specified for the purpose by the lessor. Such work will be carried
out by the Authority and the expenses incurred in carrying out such works will be borne
by the allottee/s, collectively or in parts. The decision of the Authority will be final as
regards to the expenses incurred in the maintenance work.
6. That the lessee shall not display or exhibit any posters, statues, other articles which are
indecent or immoral.
7. The lessee shall also not display or exhibit any advertisement or placard in any part of
the exterior wall of the building, except which shall be constructed over the demised
premises or at a place specified for the purpose by the lessor.
8. For proper maintenance and security, allottees of the block/sector shall have to constitute
RAW/NMC.
U OTHER CLAUSES
U-1 The Chief Executive Officer or any officer authorised by the CEO in this regard reserves
the right to make such additions/alterations or modifications in the terms and conditions
of allotment from time to time as he may consider just or/and expedient.
U-2 In case of any clarification or interpretation regarding these terms and conditions the
decision of the Chief Executive Officer or any officer authorised by the CEO in this
regard shall be final and binding on the applicant/allottee /lessee.
U-3 If due to any “Force majeure” or such circumstances beyond the Authority's control, the
Authority is unable to make allotment or the possession of the allotted flat, entire
registration money or the deposit, depending on the stage of allotment will be refunded
alongwith simple interest at the rate of 4% per annum.
U-4 Any dispute between the Authority/Lessor and allottee/lessee shall be subject to the
territorial jurisdiction of the Civil Courts having jurisdiction over Greater Noida or the
Courts designated by the Hon'ble High Court.
U-5 The registration/allotment/lessee will be governed by the provisions of the U.P. Industrial
Area Development Act, 1976(U.P.Act No.6 of 1976) and by the rules and/or regulations
made or directions issued under this Act.
U-6 The flat can also be owned jointly by husband/wife.
U-7 All arrears due to the lessors are recoverable as arrears of land revenue.