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Buyers' pressure tactics pay dividends

Although there was considerable pressure from real estate sector and politicians, what finally forced the Centre act fast was the pressure mounted by homebuyers, Vinod Rajput reports.

delhi Updated: Aug 25, 2012 00:03 IST
Vinod Rajput

Although there was considerable pressure from real estate sector and politicians, what finally forced the Centre act fast was the pressure mounted by homebuyers.

On Wednesday, a group of buyers threatened to gherao Urban development minister Kamal Nath on Saturday, if he did not approve the draft master plan. They met him on Friday.

"When we requested the minister to give his nod to the master plan, which was approved by the NCRPB, he said he would do it. But we were not ready to relent. We insisted him to do it on Friday itself," said Abhishek Kumar, the president of NEFOWA.

The affected builders too agreed that it was the buyers' fight which clinched the deal.

"They put up a strong fight. Noida Extension will give a much-needed push to the realty sector. All will benefit - farmers, buyers, developers and investors," said Anil Sharma, CMD and chairman of Amrapali Group.

Noida Extension consists of 13 villages such as Khera Chauganpur, Khairpur Gujjar, Tushyana, Amnabad, Shahberi, Saini, Bisrakh, Patwari, Haibatpur, Itaidha, Roja Yakoobpur, Chipyana Khurd and Yusufpur (Chak Shahberi).