...
...
Next Story

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.

Updated on: Oct 2, 2014, 17:29:12 IST
Hindustan Times | By , Noida
Prefer HTon Google
Advertisement

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.

HT Image
HT Image

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.

“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.

 
ABOUT THE AUTHOR
Vinod Rajput

Vinod Rajput writes on environment, infrastructure, real estate and government policies in Noida and Greater Noida. He has reported on environment and infrastructure in Delhi, Gurgaon and Panchkula in the past.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe