Noida: Private agency to monitor housing projects will be hired in a month

Noida authority’s CEO said the agency to monitor delayed housing projects will be selected following the norms laid down

The Noida authority’s chief executive officer (CEO) Amit Mohan Prasad on Tuesday said that the private agency to be hired for monitoring the progress of delayed housing projects will be selected in a month following laid down procedures.

The authority had decided to rope in a private agency to monitor the progress of delayed housing projects and ensure that builders stick to their new delivery schedule. (Sunil Ghosh/HT File Photo)

On May 26, the authority decided to rope in a private agency to monitor the progress of delayed housing projects and ensure that builders stick to their new delivery schedule.

“At present, 12 private agencies have expressed interest in monitoring the realty projects. Private agencies with expertise in construction can apply for this till June 26. After that, we will process applications and select an agency that will do the monitoring properly and submit weekly reports,” said Prasad.

“We do not have skilled manpower in the planning department to monitor the under-construction housing projects. Thus, we have decided to hire a private agency that will assist us in this work. If the agency informs us that a particular builder is not carrying out construction properly, we will act on it. If the agency certifies that a builder is doing his job properly as per the schedule, we will not act against him,” said Prasad.

Officials said the agency should have experience in monitoring at least three construction projects worth Rs250 crore. It should have an annual turnover of Rs10 crore, the capability to deal with housing, legal and financial issues and must be aware of the standard operating systems in construction.

“The private agency will keep monitoring whether or not a builder is carrying out construction as per the schedule submitted by him,” said Prasad.