May 3 2017
There may be relief for households that invested in Propertyin Noida. It's no surprise that many households and individual who had bought homes in Noida are yet to receive possession of their flats. Many individuals who had invested in projects that have been delayed by months if not years have been reduced to running from pillar to post to compel the authorities to take action.
Help May be Close At Hand
The CEO of the Noida Authority had yesterday called upon a meeting with the president of the Confederation of Real Estate Developers Association of India and with several large real estate players who have projects in Noida. It is expected that the meeting will be held on May 5 in the Noida Boardroom in Sector 6.
A Focus on Homeowners
At the meeting to be held this week, the focus is expected to be on the plight of homebuyers who have been agitating against homebuilders who in turn have failed to deliver completed houses on time. The Noida Authority CEO is expected to urge the builders to complete the projects at the earliest and will postpone revealing the blueprints for a large number of new Upcoming projects in Noida as to begin work on these would block the funds of the builders and developers. It is expected that at the meeting, builders will first be asked to complete the projects that are near completion and to then obtain the completion certificate from the appropriate authority.
Greater Noida and Yamuna Expressway Authorities
While it is about time that Noida authorities took action against builders who have not abided by their promises to homebuyers, authorities in Greater Noida and in Yamuna Expressway are also taking appropriate action against builders in these localities. In the case of builders in Greater Noida and Yamuna Expressway; builders who are yet to complete projects they had promised to buyers and who have dues outstanding to authorities greater than a sum of ten thousand rupees are attracting the attention of authorities.
It's About Time For Greater Noida, Yamuna Expressway
The Chairman of the two areas mentioned had established a committee last week to inquire about the issues homebuyers had been facing. Yesterday, The Chairman of the two areas had held a meeting with the probe committee and the same submitted its report on the basis of which the twin authorities are ready to initiate actions against many of the traunt, top 100 realestate developers in Noida.
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