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YUGEN REALTY, SURAT
The Greater Noida Industrial Development Authority (GNIDA) on Wednesday held a meeting with real estate developers from industry body CREDAI, directing them to pay dues soon and ensure registry of flats in scores of projects in the area. Pending registries and delayed possession of flats is a pressing issue in Noida and Greater Noida for a long time, with the Uttar Pradesh government also pushing for the resolution of homebuyer’s woes.
At the Centre, too, a panel headed by Amitabh Kant has made recommendations to end the distress involving homebuyers, builders and the local authorities.
“On Wednesday, GNIDA CEO N G Ravi Kumar instructed the builders to get the registration done in the names of the flat buyers immediately. He asked the builders who have not deposited 25 per cent of the total outstanding amount on their projects to make the payment within a week and start the registration of the flats in the names of the buyers, failing which action would be initiated against them,” according to an official statement.
Many officials from the Confederation of Real Estate Developers’ Associations of India (CREDAI), including Manoj Gaur, Geetamber Anand, Dinesh Gupta, were present in the meeting.
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