OWN A FLAT IN NOIDA? SELL IT AND RUN

Finfluencer Akshat Shrivastava real estate opinion

• Finfluencer Akshat Shrivastava claimed on Monday that hard times are about to come to people who own flats in Noida/Gurugram as an “investment”.
• Akshat’s take comes after UP government new building rules scrapping ground coverage limits and raising floor area ratio (FAR) for industrial, residential, and commercial projects, allowing for more vertical and lateral growth.
• Akshat Shrivastava explained why the news is bad news for those seeking to sell their flats.
• "Taller buildings = more supply. More supply = means it gets more and more difficult for you to sell your existing units. More supply puts more pressure existing (by the way: extremely poor) infrastructure. If you are owning a flat as an "investment" in Noida/Gurugram etc, sell it. And, run. Don't look back. Hard times are about to come. You just don't see it yet," Akshat Shrivastava wrote in a post on X (formerly Twitter).

What does the UP government new building rules have in store for us?

• The new common building bylaws for Noida, Greater Noida, and YEIDA claim to unify and simplify construction rules, boost investment, and get rid of regulatory confusion.
• The draft, modelled on states such as Gujarat and practices in Singapore, proposes removal of coverage caps, standardizing setbacks (3-9m), easing parking norms, reducing landscaping needs (5-10%), and getting rid of building height restrictions (except near airports or heritage sites).
• Floor area ratio (FAR) limits will rise – industries up to 3, group housing up to 3.5, and commercial up to 4 – encouraging higher-density development in high demand areas.
• These changes, aligned with Awas Vikas standards, look to expedite approvals, cut down costs, and make projects more viable. The draft has been submitted to Invest UP for further review.

Editor’s Note

• With the passing of UP government new building rules, people with flats in Noida as “investments” will face problems while selling them. Finfluencer Akshat Shrivastava warns Noida real estate owners of hard times that these new bylaws for Noida, Greater Noida, and YEIDA aims to unify and simplify construction rules, boost investment, and get rid of regulatory confusion but all that seems fun isn’t the truth as these new bylaws will put the owners of flats as “investment” in danger.
• #noidarealestatenews #upgovernmentnewbuildingrules #noidafarincreaseimpact