Gaurav K Singh, Founder and Chairman, Womeki Group, said, “I welcome this step of the UP Cabinet which will not only benefit lakhs of people but will also increase real estate investment in Noida. The developer will not have to pay interest for this zero period. In such a situation, registration of flats of lakhs of people living in the projects of developers who have not deposited the dues will be possible. This decision of the government has brought relief to home buyers and has also brought a positive message to the real estate sector which will directly benefit. Home buyers were facing a lot of problems for a long time due to lack of registration, hence this decision will further increase confidence in investment in the real estate sector. As a result, noida real estate market will boom.”
