Homebuyers pin hopes on ministerís panel

The three member cabinet committee apponited by the Uttar Pradesh state cabinet to look into the real estate issues of Noida, Greater Noida and Ghaziabad areas held separate meetings in Ghaziabad and Greater Noida yesterday and assured homebuyers that the state government is ‘determined’ to find solutions to their plights.


The committee comprises of industrial development minister SatishMahana, sugarcane development and sugar mills, industrial development (MoS) (independent charge) Suresh Rana and minister for legislative affairs, urban development and SahariSamagraVikas Suresh Khanna.


In the meetings with homebuyers, it emerged that the key issues of homebuyers include late delivery of flats, non-delivery of flats, dilution of rela estate regulatory authority rules, registry on suer area basis and callous attitude of builders. Noida extension homebuyers also demanded that the registry of flats should be executed on the circle rates that were applicable when the builders had promised for the deilvery so that buyers are not forced to cough up more money on stamp duty. Due to delay in flat delivery by the builders, a buyer has to pay more stamp duty because circle rates usually appreciate with the passage of time.


Most of the homebuyers said that they had lost trust in the ability of builders to deliver on their promises and so, the state government should take control of their projects and bring about a solution. Homebuyers asked for a CBI probe and forensic audit of all the builders because most of them have misued the money collected from buyers.


In the Ghaziabad meeting, builders targeted the officals of Ghaziabad development authority (GDA) and said that they have failed to develop the basic facilities which is hampering their projects.  The committee has meetings lined up today too after which it is expected to submit a report to the chief minister within a week, which will be put up before the state cabinet for further action.

Written by The Realty Paper

1 Comment

The high powered Ministerial committee spent plenty of time to understand the problems, but we are sorry to say they have not appreciated the pain of most of the Hme Buyers of all the projects except the JP & Amarpali. Although most of the projects here in this part of west UP are in trouble and buyers too need some solace and solution. My request to GOM is to find a way out for other projects and specially before they go for insolvency.

Leave a Comment

Your email address will not be published. Required fields are marked*