Noida's older sectors are experiencing a sharp rise in builder and investor interest, driven by new policies allowing free area expansion and modern apartment projects, invigorating established neighborhoods.
The National Company Law Appellate Tribunal ruled that registered Apartment Owners Associations must take over project maintenance from builders, even before full occupancy. This landmark decision in Supertech Supernova's case rejects 33% possession thresholds, emphasizing statutory obligations for smooth transitions.
Noida Authority is developing a policy for mandatory structural audits of buildings before and after handover, placing responsibility on developers and AOAs.