Yogi Adityanath Meets Noida Homebuyers; Assures Timely Resolution

Finally some ray of hope for the thousands of harassed homebuyers of Noida-Greater Noida area. 

Uttar Pradesh Chief Minister Yogi Adityanath has assured quick resolution of all homebuyers' issues and said that stern action would be taken against both the Authority and the builder in case they fail to address and resolve the homebuyers' problems. 

The Chief Minister has directed the Noida-Greater Noida Authorities to set up grievance redressal cells and hold meetings for builders to address buyers' issues. The CM has assured time bound resolution of homebuyers' problems.

The assurances came from the Chief Minister following a meeting with the aggrieved homebuyers of Noida-Greater Noida. CEO Noida-Greater Noida Authorities, Amit Mohan Prasad was also present at the meeting.

The homebuyers met under the banner of NEFOMA (Noida Estate Flat Owners Main Association).

"We brought to his notice that buyers are waiting for their homes for 6 years now. We are being harassed. Builders are forcing old buyers to deposit extra money for payment of farmers' compensation, construction cost escalation charges, the list is unending. We have requested proper and timely implementation of RERA on priority," Annu Khan, President, NEFOMA said. 

The homebuyers forum submitted a list of 27 builders against whom they want action to be taken.

5 thoughts on “Yogi Adityanath Meets Noida Homebuyers; Assures Timely Resolution

  1. While it is a apositive development giving some hope to the home buyers desperately waiting for possession of their apartments, real issue is of funding to complete these projects. Most of the developers have either diverted funds received from the buyers as also borrowed from the banks/financial institutions to other projects or for political funding/corruption for which the real estate sector has been exploited by all parties since ages. Developers, as a result, have not been able to repay the banks and financial institutions and as such banks have huge NPAs in their books of accounts from this sector. Besides, there has been cost escalation on account of delay in execution of the project due to stay granted by authorities like NGT/Courts in litigation initiated by vested interests sometimes in connivance with the developers themselves.Therefore, the real challenge is to mobilise resources for completing these long delayed incomplete projects. Unless  funds are made available, these projects would continue to languish wothout any relief to home buyers. 

  2. Sir we have buyed 4 flats in 2012 and the finishing date was 2015 but till now no work has been not started so please solve our problem. As soon as possible.

  3. We deposited more than 95% of the required amount of the flat as per schedule. Builder did not give delivery even after the period which he self-extended for handing over. Where should I file suit: Consumer court or RERA? I learnt RERA has not started functioning.regardsGurmit Singh

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