Homebuyers of Noida and Greater Noida are not pleased with the rules on the new Real Estate Regulatory Authority (RERA) website. They think the state government has failed to revise the pro-builder rules, after Yogi Adityanath, the UP chief minister, launched the RERA website on Wednesday.
The UP urban housing department in May had announced an amendment to the rules finalised on October 27, 2016, for removing some clauses that were found to be to the benefit of the builders. Noida Society News
According to the draft (announced in May) of the rules, the government had proposed that all under-construction and partial projects will not receive occupancy certificates. However, as per the amendments to the rule released on October 27, 2016, ongoing projects will not come under the authority's ambit if the builder has developed common facilities and applied for an occupancy certificate. Noida Local News
Buyers feel the rules are soft towards the developers.
Hitesh Nkashi, a buyer, who invested in an Amrapali Dream Valley project, said, “There are only three days left for the developer to get their projects registered under RERA. If they don't, we don't know what action will be taken against them, as the rules are not clear."
In Noida, about 50 under-construction group housing projects have been delayed by three to four years, affecting about one lakh buyers who had invested in projects that were to be delivered by 2012. In Greater Noida, about 3 lakh homebuyers from 60 delayed projects were yet to receive possession of flats that were to be delivered by 2012. Similarly, 15 projects in the Yamuna Expressway Industrial Development Area, along with the 165-km Yamuna Expressway connecting Greater Noida and Agra, are yet to be delivered. Noida News
Abhishek Kumar, president of the Noida Extension Flat Owner Welfare Association (NEFOWA), told City Spidey that NEFOWA members had discussed the matter with Noida MLA Pankaj Singh and he had even spoken about this with CM Adityanath. The CM had assured that these changes will be incorporated in the next cabinet meeting. “If the changes are not made as per the discussions in May 2016, members of NEFOWA will be left with no other option but to protest outside the chief minister's office in Lucknow,” Kumar added.
