1. Delay in possession of Greater Noida flats: Here is why Yogi government is planning to hire private agency to probe builders

Delay in possession of Greater Noida flats: Here is why Yogi government is planning to hire private agency to probe builders

UP CM Yogi Adityanath led state government is likely to take legal action against developers who have diverted funds collected from buyers.

By: | Updated: August 28, 2017 11:01 AM
greater noida authority, flat buyers, home buyers, Yogi Adityanath, real estate, greater noida builders, greater noida flat buyers Now, here is some good news for Greater Noida home buyers. (Pic from UP CM Facebook page)

Now, here is some good news for Greater Noida home buyers. UP CM Yogi Adityanath led state government is likely to take legal action against developers who have diverted funds collected from buyers. According to FE bureau, a senior official at the Greater Noida Authority has confirmed that UP CM has directed to address issues of home buyer and those developers who have diverted funds collected from buyers will face legal action.

Reportedly, the authority is likely to hire a private agency to find out whether builders have diverted funds and the reasons for delay. “If survey finds out builders are guilty, then law will take its own course,” the official said, adding that buyers have accused builders of diverting funds collected from them.

Currently, about 203 housing projects are being constructed in Greater Noida.

Recently, insolvency proceedings have been initiated against Jaypee Infratech’s 27 housing projects for defaulting on approximately Rs 526-crore of loans. The National Company Law Tribunal has also admitted an insolvency plea from Bank of Baroda against Amrapali Group’s firms, Ultra Homes, Silicon City and Amrapali Infra, which have projects in Noida as well. The move has triggered panic among home buyers, who fear they will lose the money paid upfront and not get the promised homes.

  1. A
    Amrapali flat buyer
    Aug 29, 2017 at 12:11 am
    I am NRI, I booked flat in Amrapali Verona Heights. Once Modi government came into centre I had lot of social expectation as any other common citizen, that Modi ji will make things better specially for Real estate Buyers, But I realized there is no difference in Modi government with any other government, I saw people suffering and doing protest in sector 62 Noida, and have information that Modi ji didnt speak a single word in order to support justice for Amrapali Buyers The fact I realized, I heard lot of things, that Modi is doing this and that etc. But in ground level I realized practically He is like any other past PMs. you may not be agree on this, I was also not agree on this some time back, But Once I have this problem about Amrapali , Now I am realizing the fact. On top of this issue, Amrapali fraud is happening in hart of country Delhi NCR, Lets see if modi ji will look on this matter, I am not only NRI who have flat in Amrapali, if you see list there are many NRI have flats
    Reply
    1. L
      Lovely
      Aug 29, 2017 at 9:20 am
      Have patience! Yogi is already is doing something for this problem.
      Reply
    2. W
      Wtf
      Aug 28, 2017 at 10:55 pm
      Majority of Property dealers,Builders are ciriminals and mafias. There should be a strict law :( for there s! If they dont give buyers homes on time, then auction their property and give the money back to buyers with interest!
      Reply
      1. S
        Sunil Kumar Singh
        Aug 28, 2017 at 7:57 pm
        Sir, very good decision . But I think private agency would not be much reliable . It is quite obvious that without the diversion of fund no project can't be delayed or incomplete. The developers and builders launch new project one after another with the funds of their earlier project. In this process ,they don't focus on any of their projects It is seen that the builders have registered their projects under RERA with possession date 2 to 3 years ahead of the date mentioned in builder buyer agreement . This malpractice should be checked. There should be compulsion for builders ,to send progress report of the project at regular intervals to the authority. Effort s should be made to sa uard the rights of buyers , they should not be compelled to knock the door of court.
        Reply
        1. K
          Kirti
          Aug 28, 2017 at 6:19 pm
          Respected CM Sir. We have booked a flat in 2010 in Amarpali Golf Homes. Since 7 yrs we are waiting for our dream flat.My husband has lost his job although We are paying a huge amount for EMI every month. Its my humble request to Yogi ji Please punish this fraud Anil Sharma and help us to get back our money.
          Reply
          1. G
            Gaurav Upadhyay
            Aug 28, 2017 at 8:35 pm
            Same position is here. I have also paid 100 and waiting for flat last seven years which was booked in amrapali golf homes in amrapali smart city developers pvt ltd. Please save our money Yogi ji... Save us Yogi ji from this defaulter and Fraud Amrapali group
            Reply
            1. G
              Gaurav Upadhyay
              Aug 28, 2017 at 8:36 pm
              Same position is here. I have also paid 100 percent and waiting for flat last seven years which was booked in amrapali golf homes in amrapali smart city developers pvt ltd. Please save our money Yogi ji... Save us Yogi ji from this defaulter and Fraud Amrapali group
          2. R
            ram
            Aug 27, 2017 at 6:53 pm
            Builder called Bayaweaver announced a project called OMG -in greater noida has taken money since 3 years and has not even started the project--he took money with not even a single approval and now is not responding to any mails or legal notices. the builder has one project in Lucknow --these people operated in the premises of DLF in lucknow at gomti nagar ,these people won the confidence by stating that they were under writers of DLF and cheated the people ----DLF and Bayaweaver both were hand in glove and conned people with their hard earned money .I feel DLF is equally responsible in cheating the customers,both are liable. through this column I hope this message will be conveyed to Yogi ji---GOD bless him.
            Reply
            1. V
              Vishal
              Aug 28, 2017 at 9:28 am
              Respected CM sir, We are also been cheated by a developer named SUNWORLD DEVELOPERS PVT LTD. They launched a project named VANDITA back in 2012 and collected a hard earned money from buyers themselves and through there channel partners. Its been over morw than 5 years and not even a single brick jas been layed down, infact the builders has refused to build thw project and removed all the information pertaining to the project from their official . They have cheated the buyers and has diverted their money for other endevours which could also be there personal use. It's a huge FRAUD by the builder as they dont feat law and order. Our humbel request to you sir is to help us get our money back from the builder as many people have used their live long savings to buy the dream home for themselves and their familiea. PLEASE HELP US!!
              Reply
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