Yogi Adityanath has ordered to speed up the delivery of flats, the Noida Authority has promised to deliver 10,756 flats by December, while the Greater Noida Authority has said that it would ensure the delivery of 21,563 flats by March next year. Greater Noida Authority has promised 7,460 flats by October-end, 5,334 by the end of December and 8,769 by the end of March next year. However, this is far short of Adityanath’s directive to facilitate the handover of 50,000 flats to buyers over the next three months. Adityanath’s instructions came in response to the long-standing demand by homebuyers who have been waiting to get possession of their flats for the past three to seven years. The majority of homebuyers have even paid the flat cost in full but the builders have failed to finish their housing projects.
According to officials, the authorities subsequently held meetings with builders and developers to find out the progress made on various projects and set timelines for their completion. The Noida Authority and the Greater Noida Authority have sent a detailed plan of completion of these units to the principal secretary (industries).
Earlier in a press conference, CM Yogi had said “My government’s experience of the last four months has been that there is a big issue between the builders and buyers in the state. Projects being left incomplete by the real estate builders is the biggest problem, especially in NOIDA and Greater NOIDA. Nearly 1.5 lakh buyers are awaiting getting their apartments after paying money to the builders. Due to this behaviour of the real estate builders, a crisis of confidence has arisen regarding them,”
The Yogi government have been involved in a series of discussions with real estate developers after buyers have filed repeated complaints with the new government.