The Greater Noida Authority now mandates payment of full stamp duty at the time of booking flats, aligning with RERA guidelines.

Builders must register flats and execute a sale agreement once 10% of the flat’s cost is paid. This aims to prevent multiple unregistered transfers and boost revenue. However, developers and homebuyers have raised concerns, especially over lack of clarity on stamp duty refunds in case of booking cancellations. Critics argue this rule increases financial burden, may deter NRI buyers, and could lead to legal disputes if buyers default. Stakeholders feel the policy is impractical and was implemented without adequate consultation. The decision may impact the already strained real estate sector in Greater Noida.