Noida authority asks builders to submit flat delivery schedule

Around thirty five housing project owners were present in the meeting that took place in the Noida authority’s administrative officer located sector 6 on Saturday.

Four days after Uttar Pradesh chief minister Yogi Adityanath’s directions, Noida authority chief executive officer Alok Tandon on Saturday asked the builders to submit a fresh action plan for delivery of flats to homebuyers.

Noida authority asked builders, including Gardenia Glory to submit action plan to deliver flats. (Sunil Ghosh/HT Photo)

On September 12, the CM in a meeting held in Lucknow directed the Noida, Greater Noida and Yamuna Expressway top officials to deliver 50,000 flats in next two months to buyers. Yogi’s instructions came in response to the long standing demand raised by the homebuyers, who have been suffering for past three to seven years. Homebuyers have paid almost total flat cost but the builders are failing to finish housing projects on time citing fund crunch amid slowdown in realty market.

Around thirty five housing project owners were present in the meeting that took place in the Noida authority’s administrative officer located sector 6 on Saturday.

Tandon paid individual attention to problems of each builder separately with an aim to resolve issues and pave the way for flat delivery to buyers. The Supertech, Amrapali, Jaypee, Ajnara, Gaursons, Gardenia Glory, Antriksh, Divine Meadows, ABA Corp, Sunworld and Unnati Fortune Group among others were present in the meeting.

According to the Noida authority survey there are 78,000 flat buyers who are unable to take possession in around 40 housing projects. Ninety four builders are unable to finish and deliver flats because they owes Rs10,290 crore land dues to the Noida authority.

“Since the builders face financial issues the authority has two schemes to help in such cases. One scheme is that a builder can get deliver flat and get execute flat registry by paying land dues per flat wise. Second scheme is that a builder can deposit 10 percent of total land dues at one time and then pay remaining dues per flat at the time of execution of a registry,” said Tandon.

The Greater Noida authority chief executive officer Debasish Panda has also directed the builders to complete formalities and finish projects to deliver flats as soon as possible.

“I have directed 20 builders on Friday to submit required papers and get occupancy certificate issues so that buyers can get flats,” said Panda.