Submit tower-wise completion schedule and stick to it, Noida CEO tells Credai
The Noida authority chief executive officer (CEO) Amit Mohan Prasad on Friday met a delegation of the Confederation of real estate developers association (Credai) in the authority’s Sector 6 office and directed realtors to submit a tower-wise completion schedule of incomplete projects in the next four weeks.
He also warned of strict action if any developer violated the schedule to be submitted.
The meeting was called following instructions from chief minister Yogi Adityanath, who has directed officials to resolve homebuyers’ issues at the earliest.
Gautam Budh Nagar district magistrate BN Singh, superintendent of police (city) Dinesh Yadav, Yamuna Expressway authority additional chief executive officer (ACEO) Amarnath Upadhyay and Noida authority ACEO Shishir Singh took part in the three-hour meeting.
In Noida, 86 group housing projects have been delayed by three to four years due to a slowdown in the realty sector, affecting around one lakh buyers who had invested in projects that were to be delivered by 2012. In Greater Noida too, around 3.5 lakh homebuyers in 91 realty projects are yet to get possession of flats that were to be delivered from 2012.
“The chief minister has given us clear instructions that builders who are harassing homebuyers should face strict action. The meeting was positive and our objective is to ensure that homebuyers get their flats on time. We will take all steps necessary to enable the realtors to deliver,” said Prasad.
He added that he will reschedule payments of pending land dues as per policy if a builder deposits 25% of the total amount.
“Once the builder is out of the defaulters’ list, he can get help from banks and finish the project. Many developers said they are getting support from banks and will begin delivery of flats by the end of this year. Some promised to start delivery of flats by October this year,” said the CEO.
Leading builders such as Manoj Gaur of Jaypee Infratech, Anil Sharma of Amrapali Group, RK Arora of Supertech Group, Manoj Gaur of Gaursons and Geetambar Anand from ATS were among the realtors present in the meeting.
“We will release our tower-wise schedule next week. We have made a commitment to the CEO and will definitely start delivering our projects in six months,” said Sameer Gaur, director, Jaypee Group.
The state government’s instructions to authority officials to hold the meeting came after Noida MLA Pankaj Singh arranged a meeting of homebuyers with the chief minister.
“If the Noida authority and the builders fail to reach a solution, we will meet the CM again after two months,” said SK Nagrath, a buyer in Jaypee Aman project.