Noida Authority warns home buyers against investing in unauthorised projects
The Noida Authority on Thursday said it has issued a public notice to home buyers warning them not to buy flats or plots in a builder project without exercising due-diligence.business Updated: Oct 02, 2014 17:29 IST
The Noida Authority on Thursday said it has issued a public notice to home buyers warning them not to buy flats or plots in a builder project without exercising due-diligence.
The notice comes after many builders were allegedly found selling flats and plots in Noida, Greater Noida and Yamuna Expressway areas, without having the allotted land for the same.
The authority had received complaints of buyers, who were duped by builders, who promised a flat/plot without having land and requisite building lay out map approvals.
“In notified area of around 20,000 hectare in Noida, the Noida Authority is only government agency that has got mandate to allot land and subsequently approve building layout map for the purpose of planned development. If a builder sells or launches a project on a land not allotted to him/her by the authority, then the same project is unauthorised. Therefore, buyers should first authenticate details of a project before investing money,” said a senior Noida Authority official, requesting anonymity.
The authority had recently issued notice to eight builders and lodged an FIR against another for launching an unauthorised group housing project.
“We are likely to issue notice against one more builder, who is selling an unauthorised project. Buyers should not invest in a project which is not approved by the Noida Authority,” said official.
A few builders have been launching group housing project on village land after obtaining approvals from district panchayat.
The authority said that district panchayat has no right to approve such building map in Noida area, where Uttar Pradesh Industrial Act, 1976 is in effect.
It added that the builders are cheating home-buyers and such group housings are illegal.
The authority said that it had issued several notices to the builder not to carry on construction. It also advised home buyers not to invest in such projects because buyers will face issues in getting possession of houses.
First Published: Oct 02, 2014 17:22 IST