GREATER NOIDA, Feb. 13 -- The Greater Noida authority, on Wednesday, said plot or flat owners can claim benefits, by way of reduced interest, if they clear their dues against the properties bought under the one-time settlement (OTS) scheme.

The authority in its 117th board meeting, held on January 10, approved a proposal that gives opportunity to over 3,500 property owners to settle their default instalment amount and claim benefits.

The OTS scheme will be applicable till March end, 2020, for all those plot or flat allottees, who bought these properties before 2017.

The authority imposes 15% interest on repeat defaulted amount. Under the OTS scheme, an allottee can settle dues after payment of principal amount and 12% simple interest on ...