1. Noida property: Authority issues notices to Supertech, Omaxe, Unitech, Ajnara, others to provide relief to aggrieved home buyers

Noida property: Authority issues notices to Supertech, Omaxe, Unitech, Ajnara, others to provide relief to aggrieved home buyers

The Noida Authority has issued notices to 24 real estate developers, asking them to submit their action plan to provide relief to aggrieved home buyers.

Published: July 11, 2017 6:52 AM
Noida property, Noida property news, Noida property latest news, noida, noida news, Supertech, Omaxe, Unitech, Ajnara The notices have been issued to developers such as Supertech, Omaxe, Unitech, Ajnara, Logix, Antriksh, Divine India, Today Homes, Assotech (Windsor Court), Laureate Buildwell, SDS Infratech, among others, a senior official from Noida Authority said. (Representative Image: Reuters)

The Noida Authority has issued notices to 24 real estate developers, asking them to submit their action plan to provide relief to aggrieved home buyers. The notices have been issued to developers such as Supertech, Omaxe, Unitech, Ajnara, Logix, Antriksh, Divine India, Today Homes, Assotech (Windsor Court), Laureate Buildwell, SDS Infratech, among others, a senior official from Noida Authority said. “We have issued notices to 24 developers and asked them to submit their action plan or be ready to face action,” the official said. The move comes after CM Yogi Adityanath had directed officials to organise tripartite meetings among authority officials, developers and home buyers, to resolve builder-buyer issues in the state. The meetings were held between 41 developers and home buyers. About 36 builder-buyer-official meetings have taken place since April. “In each meeting, developers had promised to live up to their promises made in the meetings. However, even after months they have failed to do so,” the official said.

The developers had promised to submit an action plan with the authority. But months after the meeting, 24 out of 41 developers had failed to submit the action plan which would have provided relief to home buyers. Consequently, the state government has now decided to take on errant developers.

Meanwhile, the 17 developers who have submitted the details have provided information on their spending on the construction of towers, development of common facilities, roads, lifts, and landscaping, the official said. The builders have also submitted affidavits along with the project details about the schedule of completion and possession of homes to the property owners. The authority has taken affidavit from the builders so that they later cannot deny the details submitted, the official said. “Many builders are reluctant to share flat-wise details of owners and the money received from them against flats booked. But, they have been asked to submit all details or else face action,” the official added.

Directions have been communicated with Noida, Greater Noida and Yamuna Authority officials to protect the interest of home buyers, another official said, adding if developers fail to live up to promises, they will have to face consequences.

  1. I
    Indra
    Jul 11, 2017 at 8:19 am
    Noida Authority is not taking any strict deterrent steps. For Amrapali Eden Park and Amprapali Saphire Amrapali's Anil Sharma is to pay back 26 crores and 130 crores to Noida Authority, while all residents have paid full to the builders. Noida Authority knows that. It must be between Noida Authority and builders who are responsible and messed up with the money due. Under natural judgement, why should the hundreds of residents, many very senior citizens are stressed and living under a cute tension, as their apartments are not getting registered. While Noida Authority has been keeping on the interest adding, the residents after paying regularly the maintenance charges are in suspense as Amrapali has a due of lakhs of rupees of UP Electrical dept and we hear it can snap the electrical connection any day. Even media is not presenting the correct situation of these rogue builders who pay them huge for regular full page age. Will the media decide to stop taking ads from these builders.
    Reply

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