Following chief minister Yogi Adityanath’s order to speed up the delivery of flats, the Noida Authority has promised to deliver 10,756 flats by December, while the Greater Noida Authority has said that it would ensure the delivery of 21,563 flats by March next year. Officials said the Greater Noida Authority has promised 7,460 flats by October-end, 5,334 by the end of December and 8,769 by the end of March next year. However, this is far short of Adityanath’s directive to facilitate handover of 50,000 flats to buyers over the next three months. Adityanath’s instructions came in response to the long-standing demand by homebuyers who have been waiting to get possession of their flats for the past three to seven years. The majority of homebuyers have even paid the flat cost in full but the builders have failed to finish their housing projects.
According to officials, the authorities subsequently held meetings with builders and developers to find out the progress made on various projects and set timelines for their completion. The Noida Authority and the Greater Noida Authority have sent a detailed plan of completion of these units to the principal secretary (industries). Officials said the action plan states that the delivery of flats is subject to builders’ compliance with the dates. Meanwhile, officials have also expressed doubt over builders sticking to the deadlines. “Delivery of 50,000 flats in two months is close to impossible as builders have not developed common facilities such as water supply connections, roads, elevators and community centres,” a senior official said.
The Greater Noida Authority is also going to hire realty experts as consultants to carry out an audit of all stalled projects in the city in the next two months. Around 107 projects with nearly 1.4 lakh residential units will be audited in two stages by the consultants, officials said.
Last month, the state government had ordered an inquiry into the financial details of sick developers including the Amrapali group. Homebuyers had urged the state government to order a forensic audit of each builders’ accounts. A forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court. The objective of the audit is to ascertain whether the builder diverted the funds collected from buyers to other housing projects/businesses.