new delhi apartment bookings in greater noida near delhi have resumed after authorities recently approved a revised master plan for the township ending the yearlong uncertainty over land acquisition issues that had left projects and buyers stranded real estate developers say enquiries are pouring in and bookings have started looking healthy amrapali developers which is promoting five projects in the area has received booking orders for some 250 apartments in the week since a planning committee for the national capital region approved the new building bylaws after the greater noida authority approved a metro line to the area we got 50 bookings said executive director shiv priya the greater noida authority on monday approved the revised master plan 2021 setting the stage for development work to resume in the area also referred to as noida extension the plan will be sent to the uttar pradesh government which in turn will forward it to the ncr planning board for final approval the boards approval is expected by the end of the month real estate development work had come to a standstill in this township in may last year after farmers protesting over low prices for their land dug up roads and blocked projects the agitation snowballed into a political issue after farmers in adjoining areas joined the protest the master plans approval is expected to push up home prices once construction work resumes many people are booking now to still get flats at comparatively lower prices said rk arora managing director of supertech another developer the cheer has permeated the ranks of real estate dealers sandeep pal a worker for a real estate agent based in noida extension said i had been out of work for many months i am now back in business and have already booked five flats in the last one week pal is part of a broker mandi market that employs 50odd workers to flag down cars and woo prospective homebuyers with colorful brochures of upcoming projects every booking confirmed translates into a payment of 3500 it finally looks positive now even with an increase in prices it still looks very attractive said sachin bhasin one such prospective home buyer the roads leading to noida extension may not be packed with buyers yet but pal is excited about the expected rush over the weekend in 2009 developers had flocked to greater noida after the greater noida authority increased the floor area ratio from 175 to 275 and increased the density from 800 persons per hectare to 1600 persons per hectare the move allowed developers to build 140 apartments per acre compared with 70 earlier the authority later increased the far to 35 the knockdown effect reached middleclass homebuyers as developers were now able to offer houses at very low rates however apartments that were then being sold for less than rs 2000 per sq ft now cost up to rs 2700 per sq ft and this is expected to top rs 3000 once construction resumes the authorities