Homebuyers ask new Noida MLA to push for regulatory body
A group of homebuyers met Noida MLA Pankaj SIngh demanding the constitution of a Real Estate Regulatory Authority without any delaynoida Updated: Mar 24, 2017 22:29 IST
Homebuyers in areas under Noida, Greater Noida and Yamuna Expressway started a campaign demanding the constitution of a Real Estate Regulatory Authority (RERA) without delay. A group of buyers met the newly elected member of legislative assembly (MLA) from Noida, Pankaj Singh, in this regard on Thursday.
Buyers said that their interests should be protected and alleged that the builders’ lobby in Noida does not want an effective regulatory authority.
Buyers said that chief minister Yogi Adityanath should act immediately to implement RERA, which will benefit thousands of homebuyers in Noida and Greater Noida.
Homebuyers in Noida, Greater Noida and Yamuna Expressway areas have been left in the lurch for four to five years as many builders have failed to deliver housing projects on time, citing a slowdown in the realty market. There are 86 under-construction group housing projects in Noida, 95 in Greater Noida and 13 in Yamuna Expressway area that are behind schedule.
“I have assured homebuyers that I am committed to helping them. I will take up their issues at all levels — be it the Noida authority or the Uttar Pradesh government. We will involve all stakeholders including realtors, officials and homebuyers, to find a solution to the issues being faced by buyers,” the MLA said after the meeting.
The Uttar Pradesh housing and urban planning department rolled out the UP Real Estate (Regulation and Development) Rules, 2016, last November and the stage is set for the formation of RERA.
Homebuyers said that the regulatory authority will keep a check on developers who have collected total flat cost but are yet to complete their projects.
“We are planning to start a campaign on social networking site Twitter, demanding the prompt implementation of RERA. We requested Pankaj Singh to ensure that RERA is implemented in UP now that the BJP government is in power. The builders are lobbying to make changes to RERA and also delay its implementation, as was done during the previous regime, which failed to implement it. So, we will actively work to ensure it is implemented soon,” Abhishek Kumar, the president of Noida Extension flat owners welfare association (Nefowa), said.
Pankaj Singh said that he will take up the issue with the cabinet soon. The portfolios were allotted to the ministers in on March 22. “Let the ministers settle down in their departments. I will take up homebuyers’ issues and ensure an effective solution,” Singh said.