A committee of three UP ministers has prepared an action plan to bring respite to homebuyers waiting for their flats to get delivered, especially in Noida, Greater Noida.
A committee of three UP ministers has prepared an action plan to bring respite to homebuyers waiting for their flats to get delivered, especially in Noida, Greater Noida. More than 40,000 homebuyers have still not got their flats, as per Indian Express. The roadmap, which the government has prepared, states that the homebuyer will not make any payment till the completion of their flats. The announcement was made yesterday two days after, Urban Housing Minister Suresh Khanna, Industries Minister Satish Mahana and State Minister of Cane Development and Sugar Mills (independent charge) Suresh Rana conducted meetings with homebuyers and builders in the district.
Suresh Khanna said, “Most homebuyers wanted their flats delivered to them. With this concern in mind, it has been decided that no payment of any outstanding amount will be made by them to the builder till the project is complete. However, once the registration process begins, they will have to make the payment,” as per The Indian Express.
The real-estate group Amrapali, has been asked to start the construction within a month, and complete these projects within two years. Another group Jaypee Infratech has been asked to deliver 600 flats every month from November this year, he added. Shiv Priya, Amrapali director, assured the buyers that it will complete the flats, as per Hindustan Times.
The Confederation of Real Estate Developers’ Association of India (CREDAI) will also be roped in to act as co-developers with the realtors, the committee said. “The proposal to complete unfinished Amrapali projects has come from CREDAI. We are likely to come up with a scheme where some CREDAI members can become co-developers. The details of the scheme — finances and legal aspects — need to be looked into,” the housing minister was quoted as saying by IE. The committee of UP ministers, constituted by Chief Minister Yogi Adityanath, may again visit Noida on September 14 or 15 to assess the situation, as per HT.