New homebuying rule: It will be mandatory for builders and homebuyers to enter into a tripartite 'sale agreement' when acquiring properties in all new housing projects in Noida. "The Noida Authority board announced a fundamental change in the conduct of real estate transactions in the city on Saturday, allowing it to identify who a flat is sold to as soon as the initial payment is made, rather than at the completion stage, as is currently practiced," a report from the Times of India stated.
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