The construction work of Jaypee Wish Town, a residential project in Sector 134, and Aman, a residential project in Sector 151, is likely to begin within two months.
At a tri-party meeting between the builder, homebuyers and Noida Authority officials held in Indira Gandhi Kala Kendra in Sector 6, Noida, Sameer Gaur, director of Jaypee Infratech, said that he has Rs 600 crore to begin the construction work and it would begin within two months.
“Tower-wise completion report of some towers has already been submitted to the Authority and the rest of the report will be submitted by May 31,” he added.
Shishir Singh, ACEO of Noida Authority, said that he has given five days to the developer to submit all the tower-wise completion reports. "I also asked the builder to open an escrow account of the project," he added.
The meeting was held as part of the chain of meetings held between the stakeholders and was chaired by Singh.
Pramod Singh, a buyer, told City Spidey that when the buyers reached the venue, none of the higher officials of the developer were present. “Buyers told the Authority officials that they were going to boycott the meeting and also approach the UP CM’s office. Noida Authority then called Gaur. He reached the venue after an hour of the scheduled time of meeting,” he said.
Buyers complain that they booked their flats in 2008 and the builder was supposed to deliver them in 2011-12. “We have given about 80 to 90 per cent of the flat’s cost, and are still living on rented accommodations and paying EMIs,” Pramod Singh said.
Buyers say that some of them want to exit the project and want their money back with the interest whereas others want their flat as soon as possible.
