New policy may allow owners of old flats bigger homes for free in Noida
NOIDA: Noida Authority has unveiled a redevelopment policy that promises to transform old and deteriorating housing societies into contemporary living spaces. The policy, approved on June 14, offers existing homeowners larger apartments with a minimum 15% increase in carpet area along with temporary accommodation for the period when reconstruction will take place. Officials said the policy involved residential buildings that were over 30 years old or those declared structurally unsafe by recognised engineering institutions like IITs and NITs. With over 115 private housing projects and numerous Authority-built complexes now showing signs of wear, the policy comes at a crucial time…