The Noida authority has decided to call a meeting of realtors in Noida to discuss issues faced by buyers. The authority has asked the confederation of real estate developers association of India (CREDAI), a realtors’ body, to attend the meeting at 11:30am on May 11 at the authority’s Sector 6 office.
“Our agenda for the meeting is to discuss the problems in real estate sector. One of the important points of discussion will pertain to addressing homebuyers’ issues. Realtors and officials will brainstorm for solutions of problems faced by buyers,” Pramod Kumar Aggarwal, additional chief executive officer (ACEO) of the Noida authority, said.
A major problem faced by homebuyers is delay in possession of flats and failure of realtors to provide promised amenities. Homebuyers have formed groups to stage protests and demand delivery of flats due to such incidents.
Around one lakh homebuyers in various residential projects in Noida are suffering due to delay in delivery of flats.
All top officials, including the chief executive officer (CEO) of Noida authority will be present in the meeting. “Realtors can also discuss their problems with the CEO in the meeting. The objective of the meeting is to find a solution. We will find solutions to ensure that promises made to buyers can be fulfilled,” Aggarwal said.
Members of CREDAI said they are prepared for discussions. “We received a communication about the meeting. We will definitely have a detailed discussion of the issues, particularly those faced by buyers. Buyers are resorting to protests because they are suffering for no fault of theirs. It is the duty of all builders to address their grievances. We will do our best in this regard,” Amit Modi, vice-president of CREDAI (western UP) and director of ABA Corp., said.
Noida assures help to buyers of Sector 107 houses
Two days after homebuyers in Sector 107 sought help from Uttar Pradesh chief minister Akhilesh Yadav, the Noida authority on Monday promised buyers a quick resolution.
Rama Raman, chief executive officer (CEO) of the Noida authority, promised buyers that the authority’s legal team will monitor the cases of the three group housing projects in Sector 107 and find a solution. Raman also directed the planning department to prepare a detailed report on the land in question.
The three group housing projects in Sector 107 were launched in 2009-10 with a promise of delivery of flats in 2012-14. According to authority officials, the Supreme Court had on August 5, 2013, quashed the acquisition of land in sectors 101 and 107, leading to a delay in completion of projects.
“Noida and realtors had filed a review petition in the Supreme Court in 2013. The Supreme Court issued a direction that the authority should go to Allahabad high court for relief in this matter. The next date of hearing is on May 17,” a Noida authority official said.