UP govt orders audit of ongoing Noida & Gr Noida housing projects

The issue of interminable delay in delivery of flats in the Noida and Greater Noida areas and action by homebuyers has prompted the Yogi Adityanath government to start an audit of all ongoing housing projects in the twin cities of Delhi NCR.

The direction came from chief secretary Rajiv Kumar following a meeting in Lucknow over the issue of high pendency of flats that buyers have booked years ago. This meeting was attended by principal secretaries Mukul Singhal (housing), Alok Sinha (industries) and Hemant Kumar (stamps and registrations) besides officials of the Greater Noida Industrial Development Authority (GNIDA).

The CEOs of the Noida and Greater Noida authorities are expected to meet various real estate companies, including Amrapali — whose directors submitted their passports to the administration earlier this week to assure homebuyers about their intention to finish their projects — on August 16 and 18.

Noida CEO Amit Mohan Prasad said, “The directions from the chief secretary were clear. We have been told to resolve the situation and to ensure the interests of homebuyers are protected at all costs.” He added, “I have called a meeting with 36 builders who have ongoing group housing projects on August 16 and 18. The last meeting we had with builders was in May this year. We will follow up on that and once again review the progress and check if the builders’ promises have been kept and whether they have delivered as per schedules given to us. We have also been directed to take the strictest action against any builder who fails to provide us with the required information. These cases will be referred to RERA (the Real Estate Regulatory Authority).”

Asked about the problems being faced by the Amrapali group, and the anxiety among its investors, Prasad said, “The Amrapali group is a big defaulter and owes Noida nearly Rs 1,200 cr. We intend to conduct an account audit of the company to find out how the firm intends to complete its projects, deliver homes to its buyers and how it intends to pay our dues,” he said. Over 30,000 housing units have to be delivered by the builder in Noida and Greater Noida. The GNIDA also has to recover Rs 2,000 cr.

Amrapali officials have expressed their commitment to complete all of their ongoing projects and the company is making efforts to monetise its land bank and rope in co-developers. Scores of Amrapali home buyers have been staging an indefinite relay hunger strike since the last Saturday outside the firm’s office located in Sector 62 in Noida. Homebuyers want their homes or a refund from the builder.

Written by The Realty Paper

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