‘Follow The Rules Or Face Criminal Action’, Says Courts To Noida And Greater Noida Developers


Noida, Greater Noida, Completion Certificate, Real Estate, Property Registration,
A survey found that over 25,000 home buyers have occupied apartments without registration.
Highlights
  1. The Gautam Budh Nagar District Magistrate recently summoned over 20 developers for handing over apartments without registration.
  2. A survey found that nearly 25,000 home buyers in Noida and Greater Noida were living in unregistered apartments.
  3. Authorities have given developers two months to get their projects registered, failing which they willbe liable to face criminal action.

DELHI: The Gautam Budh Nagar District Magistrate recently summoned over 20 developers operating in Noida and Greater Noida for handing over apartments without registration.

Devesh, a resident of Amrapali Princely Estate in Sector 76, Noida has been staying at the apartment he purchased in the project for the past year and half. However, despite paying all the charges and having moved in with all his possessions – Devesh still has no legal rights over his property. And this is because of the developer’s failure to get the all-important Completion Certificate (CC), without which the apartment cannot be registered.

A survey done by Additional District Administration (Finance) of Gautam Budh Nagar found that over 25,000 home buyers have occupied apartments without registration. In Noida and Greater Noida, the authorities have failed to recover over Rs 10,000 Crores payable as land dues from developers, because of which CC has not been issued to their projects. Caught in the middle are home buyers, who are made to suffer  in spite of paying several registration charges to the developers before they are handed over the possession based on fit outs.

And now, the courts have stepped in, with District Magistrate NP Singh recently summoning over 20 developers and warning them of strict action.

“Builders were told that if you are not promoting the registration before possession and if you have got the deposit of the stamp money from the buyers and not facilitating the buyer in the registration then you (developers) will be liable for criminal action and also the penalty. There is a loss of Rs. 700 Crores to the revenue (department),” stated NP Singh, district magistrate of Gautam Budh nagar.

So where does this leave you, the home buyer? Well, if you have paid the stamp duty amount to the developer then you shouldn’t be worried at all. In cases where developer has been unable to obtain the CC or has taken the stamp duty amount from the buyers and has still not deposited it with the revenue department, the developer will be liable to face action.  

“We have been issuing advisory to all the developers that they must complete the project in time and since the projects are of large magnitude, we are requesting them to complete the project in phases and take the completion certificate in phases and let the customer move in. Wherever the developer has not applied for CC and has given possession is wrong and wherever projects are not complete they should not handover the project,” says Deepak Kapoor, President of the Western UP chapter of developer lobby CREDAI.

The District Administration has given two months’ time to the developers to get their housing projects registered or else face the consequences. In case you have been living in a flat without registry then you have an escape route. A buyer can pay stamp fee directly to UP Stamp and Registrations department to avoid any penalties.  

Edited By Nikhil Narayan Sivadas

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