Noida warns of action as realtors yet to submit tower-wise completion schedule | noida | Hindustan Times
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Noida warns of action as realtors yet to submit tower-wise completion schedule

Only two builders have submitted the schedule required

noida Updated: May 10, 2017 23:25 IST
Vinod Rajput
Major real estate developers like the Jaypee Group and Amrapali Group too are yet to submit the details asked for by the authority.
Major real estate developers like the Jaypee Group and Amrapali Group too are yet to submit the details asked for by the authority.(Sunil Ghosh/HT Photo)

The Noida authority on Tuesday warned that it will take strict action against builders who do not submit tower-wise completion schedule of their projects as ordered.

The authority’s additional chief executive officer (ACEO) Shishir Singh has been conducting meetings with builders and homebuyers since April 10 to address homebuyers’ issues. In every meeting, the authority directs the builders to submit a written delivery schedule of flats to homebuyers. The authority has held meetings for 16 realty projects so far.

According to officials, failure to stick to the schedule will warrant stern action against the builder.

“So far, we have received group housing project details from only two builders — Shubhkamna Group and Unnati Fortune Group. The other builders are yet to submit tower-wise completion details. We hope the rest of them will provide the details asked for before May 10 so that we can put up these cases before the industries minister,” said Santosh Kumar, officer on special duty (OSD), Noida authority.

The two builders have submitted the details of how much they spent on construction of towers, development of common facilities, roads, lifts, landscaping and others. They have also submitted affidavits along with the project details. Officials said they have taken an affidavit so that the builders later cannot deny the details submitted.

“Many builders are reluctant to share flat-wise details of owners and the money received from them against flats booked. However, I have categorically asked them to submit all details or face action. We will meet CEO Amit Mohan Prasad to finalise the action to be taken against those not submitting the desired project details,” said the ACEO.

“Of 16 builders, two have submitted their tower-wise schedule. Even Jaypee Group and Amrapali Group have not submitted the schedule of completion to be shared with the homebuyers,” said ACEO.

The Jaypee Group has to submit completion schedule of around 28,000 flats and Amrapali Group of around 10,000 flats. The housing projects of the remaining builders are much smaller.

Authority officials said that whether more meetings of homebuyers and builders will take place further will be decided after the industries minister’s May 11 meeting, said officials.