Teams to keep a tab on progress of realty projects in Noida

Noida: Following the directions from Uttar Pradesh Government and acting over the plight of home buyers, the Noida authority has formed five teams comprising two officials each from Noida authority to conduct inspections and monitor the progress of all the builder's housing projects across the city, said Noida authority officials.

According to the officials, the team will inspect each residential project and will ensure that the progress of construction work at these projects meets the schedule they have submitted to the authority.

Santosh Kumar, officer on special duty (OSD), Noida authority said "the teams have been assigned housing projects for monitoring the progress in work. A daily survey report of projects monitored, mentioning the progress will be submitted to the CEO. The CEO will himself keep tab on the progress reports. Strict actions will be followed if the builders do not adhere to the schedule given".

The home buyers are in a quandary as they have not been given the possession of flats despite paying money to builders and have been left in lurch for past 7-8 years. Taking notice of the plight of home buyers, the chief minister of state Yogi Adityanath directed the three authorities of Noida, Greater Noida and Yamuna Expressway to expedite the process of providing possession of flats and ensure that the home buyers are not deprived.

Over fifty thousand home buyers are affected due to delay in possession. In around 94 stuck projects in Noida, the lifetime savings of around 75,000 homebuyers are in dark. However the authority is trying to make every possible effort to help the builder in completing their projects. Many builders have applied for issuance of completion certificate following the change in policies by the authority and they have assured that by March 2018 around 28,000 flats will be delivered.