Homebuyers who booked flats in the millennium city may still be having sleepless nights about their real estate investments, but at the conclusion of his fourth district grievance committee meeting in Gurgaon, Haryana chief minister Manohar Lal Khattar was patting his own back for the progress made towards resolution of the homebuyers’ grievances.
He said that concerted pressure from the government has led to developers making efforts to complete their projects. On issues concerning Unitech’s projects, the CM said DTCP is preparing an assets and liabilities report, but meanwhile, the developer has been forced to make an effort to complete all Gurgaon projects.
“On-site work of real estate projects, which were stalled for two years, have restarted, in particular Emaar MGF and Unitech projects, which had maximum effect on investor sentiment,” said Khattar after the latest district grievance committee meeting on Sunday.
"For Unitech’s Vista project, an escrow account will be opened to complete remaining work. It will help build buyers’ trust, as they will monitor construction and finances through the escrow account,” said Khattar, adding DTCP is screening the status of other Unitech projects to find ways to complete work. The developer is expected to submit individual revival plans for all Gurgaon projects.
Another major issue raised in the meeting was of Emaar’s Palam Hills project in Sector 77, which has 1,100 units in 63 towers and was launched in 2010. Pankaj Kalra of the society’s home buyers association alleged the promised homes have not been delivered even after six years. “We’re paying EMI and house rent. The developer is only giving assurances,” said Kalra.
An Emaar MGF representative said they have started work on all 10 projects in Gurgaon, including Palam Drive, Palam Hills, Palam Garden and Emerald Hills. Work on these projects had stalled for one and a half years, but is going on in full swing for the last two months. “More than 7,000 workers are working on these projects,” he said, adding the company is expecting to give possession in Emerald Hills in the coming months.
A total of 22 issues were discussed in the meeting, mostly related to developers, which were continued from the previous meeting in June. “Most issues raised in the last meet were reviewed on Sunday. Concerned departments submitted their progress reports,” said a district administration officer who was present in the meeting.