Noida property market: Yogi Adityanath cracks whip, orders builders to deliver 32,500 flats before 2018, National : Today Indya

Noida property market: Yogi Adityanath cracks whip, orders builders to deliver 32,500 flats before 2018

National

Financialexpress

The GoM also directed officials of all the three relevant authorities in the region, as well as the Greater Noida SSP, to take action against eight builders against whom FIRs have already been lodged.

Noida property market: Yogi Adityanath cracks whip, orders builders to deliver 32,500 flats before 2018

In what could help over 50,000 homebuyers in Noida and Greater Noida get possession of their flats by December-end, a group of ministers has began a crackdown on erring builders. The three-member group of ministers led by urban housing minister Suresh Khanna, UP industries minister Satish Mahana and minister of state for cane development Suresh Rana, which met with officials of all the three development authorities in Delhi on Monday, issued strict instructions to the builders to give possession to buyers of not only 32,500 flats by December-end but also insisted on preparing a roadmap for the completion of the remaining 17,500 flats by December 11. The group of ministers also directed the officials of all the three relevant authorities in the region, as well as Greater Noida SSP of Love Kumar, to take action against eight builders against whom FIRs have already been lodged. According to sources, Saya Homes, Mahagun Developers, Omkar Nest Builders, Panchsheel Group, Habitech Panchtatwa, Proview Group and Ultra Home Construction Pvt Ltd are on the list of the eight errant builders.

Speaking to FE, cane minister Suresh Rana said that it is the priority of chief minister Yogi Adityanath to provide flats to all the buyers who have booked their flats in Noida, Greater Noida and Yamuna Expressway Development Authority areas. “We have asked the SSP of Greater Noida to take action against those eight builders who are not fulfilling the completion of their project on time. We are trying to engage them through dialogue, but if they try to dupe the investors who have put in their hard-earned money into the flats, then we will not spare them,” he said, adding that this problem has been festering for the last 10 years. “We were standing at zero a few months back. Today, 32500 flats are ready with all compliances. But our job is still not finished. Every homebuyer must get his flat. Till that time, we will not rest. Our endeavour will continue till the last man does gets possession of his flat,” he said. Echoing the same sentiment, industries minister Satish Mahana said that the government’s thrust is to get all the buyers possession of their flats without delay. “For that, we will not spare any option. We will take the strictest measures,” he said.

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Panel of ministers orders arrest of eight Noida builders

National

timesofindia

HIGHLIGHTS

A group of UP ministers have directed Gautam Budh Nagar SSP to arrest eight builders for not delivering flats to homebuyers.

In September, police had lodged FIRs against 6 builders with projects in Noida & Greater Noida.

The committee emphasised that builders have to be pushed to deliver 50,000 flats by the end of December.

NOIDA: A group of ministers, set up by the UP government to sort out the mess in Noida's real estate sector, directed Gautam Budh Nagar SSP Love Kumar on Monday to arrest eight builders for not delivering 5,000 flats to homebuyers. However, Noida officials refused to name these builders.

In September, police had lodged 13 FIRs against six builders with projects in Noida and Greater Noida. FIRs were registered against Amrapali, Supertech, Alpine Realtech, Proview group, Today Homes, and JNC Constructions following meetings held by the same three-member cabinet committee in August. The builders were booked under Sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code.

Urban housing minister Suresh Khanna, one of the three ministers in the group, further directed the SSP to initiate action against all builders who have failed to hand over possession to homebuyers and have FIRs against them.

The committee emphasised that builders have to be pushed to deliver 50,000 flats by the end of December, a goal UP chief minister Yogi Adityanath had set in August.

Officials said the three development authorities - Noida, Greater Noida, and Yamuna Expressway - have a roadmap to deliver 32,500 flats by the end of the year. But the committee has now asked for a plan to deliver the remaining 17,500 units.

Apart from urban housing minister Khanna, UP industries minister Satish Mahana, and state minister (independent charge) of cane development and sugar mills Suresh Rana are part of the committee.

Monday's directions came after a closed-door review meeting held by the ministerial committee in New Delhi. While Noida Authority has conveyed to the committee that 11,000 flats will be delivered in Noida, builders of Greater Noida have promised 14,000 apartments. Yamuna Expressway Authority has promised 7,525 flats, including, 2,970 houses the authority has built.

According to Noida Authority officials, 5,771 completion certificates have been handed over to builders since August 2017. Of these 5,670 flats were handed over by November. Besides, 3,791 flats are being fast-tracked for year-end delivery.

Greater Noida Authority officials told the group of ministers that they have already given possession of 4,529 flats. About 9,671 are over 90% complete and should get completion certificates this month. About 5,000 flats in Greater Noida are being pushed for completion by January 2018, officials said.