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Noida: Ministers’ panel to discuss action plan for delivery of flats

In the run up to the ministerial panel’s visit, the Noida authority chief executive officer Alok Tandon on Tuesday evening met with 15 builders and discussed the action plan of delivery of the flats to homebuyers.

noida Updated: Oct 03, 2017 22:25 IST
Vinod Rajput
(HT File)

Aiming to resolve homebuyers’ issues, the committee of three ministers appointed by the staUttar Pradesh te cabinet will discuss the roadmap for the delivery of 50,000 flats in three months with the officials in Greater Noida on Thursday.

Members of the committee, including Industries minister Satish Mahana, urban housing minister Suresh Khanna and state minister (independent charge) of cane development and sugar mills Suresh Rana will meet the buyers and builders to find solutions to the problems faced by the realty sector.

“The committee will discuss the roadmap for delivery of 50,000 flats in three months in the meeting with officials in Greater Noida,” said Manmohan Mishra, financial controller of the Noida authority.

The panel during their last visit here on August 31 failed to bring any solution to the deadlock in which thousands of homebuyers have been suffering. Following committee’s visit to Greater Noida, chief minister Yogi Adityanath in Lucknow announced that the Noida, Greater Noida and Yamuna Expressway will deliver 50,000 flats in three months. However, the builders did not have an action plan for the delivery of flats.

In the run up to the ministerial panel’s visit, the Noida authority chief executive officer Alok Tandon on Tuesday evening met with 15 builders and discussed the action plan of delivery of the flats to homebuyers. Supertech, Amrapali, Jaypee Group, ABA Corp, Gardenia Glory and Antriksh among others met the CEO in his Sector 6 office.

“The CEO discussed problems of each project with the respective builders. He met three builders at a time and heard problems that are delaying a housing project. We hope that now builders will start delivering flats because the new policy of clearing 10-15% of the land dues for obtaining occupancy certificate will help them a lot,” said Amit Modi, vice-president of CREDAI (western UP) and director of ABA Corp.

Greater Noida has 203 housing projects out of which 82 are critical in nature and builders owes ₹7,200 crore debt to pay to the government. The Noida authority in around 90 housing projects needs to recover ₹10,215 crore land dues from the builders. The Yamuna authority struggles to recover around ₹3,000 crore from 13 builders. In the three areas, thousands of homebuyers suffer as the builders have delayed housing projects for four to eight years.

Officials said that if the builders are unable to deliver their respective flats even after the new scheme, it would mean they do not wish to deliver the flats.

“I do not think the builders will not deliver now. I am very positive about the new scheme and hopeful of it working out well for both the builders and buyers,” said Manoj Rai, director of Gardenia Glory housing project stuck due to financial crisis in Sector 46.