UP ministers formulate action plan for homebuyers

NOIDA: To provide justice to homebuyers, a three ministers committee in Uttar Pradesh announced relief measures for homebuyers on Thursday.

After two days of deliberations, the committee comprising ministers Suresh Khanna, Satish Mahana and Suresh Rana, on Thursday afternoon, briefed media about the findings of the committee and measures being taken to resolve the issues between homebuyers and builders.

At the press conference, Khanna told reporters: "We have listened to the concerns of homebuyers and also discussed issues with the stakeholders, including builders, district administration and officials from Noida, Greater Noida and Yamuna Authority. Upon discussion, we have carried out that the major issues are with the homebuyers of three builder's group including Amrapali, Jaypee and Unitech builder's group".

"We acknowledge the concerns of homebuyers, as they have been waiting for their homes for the past many years, despite having made full payment for their flats. Looking at the circumstances, we have sought the best possible solutions, which is to ensure completion of projects and exempt buyers from the burden of paying further installments till the completion of projects" Khanna added.

Elaborating the measures taken, the minister informed that co-developers or smaller builders with clean record will be joined with Amrapali builder projects, who will work in collaboration to ensure the completion of projects within next two years.

Concerned about thousands of investors in Jaypee builder's project, the minister said: "The Jaypee Group has assured that they will start delivering 600 flats every month from November".

Khanna also said that the buyers of these projects also do not need to make any further payments till completion.

After getting completion, the buyers can clear their dues just before the registry.

On Unitech, the Minister said: "The Project Settlement Policy of Unitech builder's group will be resolved soon. The land will be surrendered to the authority who will then take the task to complete the dwelling projects".

Later in the conference, he directed the police to file FIR on builders against whom buyers produced necessary documents to prove violation.