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Realty Scoops

Apr

10

Noida Authority Plans Meetings with builders, buyers to resolve stuck projects; Starts with Amrapali

With the goal to resolve the issue of delaying handover of flats to thousands of home buyers in Noida and Greater Noida, the authorities of Noida and Greater Noida are starting to conduct project-wise meetings with builders and home buyers from Monday. Officials said that they will discuss the issues delaying the project in detail with both parties.

 

There are 86 under-construction group housing projects in Noida and 95 in Greater Noida area that are behind schedule, and have been in a state of limbo for over last 4-5 years as builders have cited slowdown in the realty market as the reason behind no progress.

 

Before the 2017 assembly polls, Bharatiya Janata Party (BJP) had promised to resolve home buyers’ issues if it was elected to form the government. Now, the state government has directed the officials to look into the issues and take action against erring builders.

 

“Addressing home buyers’ issues is a priority. I have instructed all departments — planning, finance and group housing — to make a detailed plan for meeting each realtor whose project faces problems and is troubling home buyers. We will discuss all problems with buyers and builders to find out viable solutions,” Deepak Agarwal, the chief executive officer of the Noida and Greater Noida authorities, said.

 

To begin with, the authority has on Monday called a meeting of Amrapali Group and home buyers in Amrapali Zodiac project in Sector 120 at the administrative office of the Noida authority in Sector 6. On April 12, the authority will discuss issues related to the Amrapali Silicon City in Sector 76.

 

Issues pertaining to the Shubhkamna Buildtech project in Sector 137 will be discussed on April 13 and on April 18, representatives of Unitech Limited in Sector 117 are scheduled to meet buyers and authority officials.

 

“We have decided to take up the issues of all struck projects, one by one. Home buyers can lodge a complaint at the authority office and our planning department will make a schedule to discuss their problems with the builder concerned,” Agarwal said. “We hope these meeting will yield results and benefit home buyers. We will try to find a solution if a realtor is facing financial issues in a particular project,” Agarwal added.

 

The authority had held similar meetings in May 2016 as well but it did not have an effect in expediting projects or providing relief to buyers. 

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