NOIDA: Following TOI report that the Centre's draft of the redrawn eco-sensitive zone around the Okhla bird sanctuary doesn't affect any realty project in the area, wave of hope has float among the home buyers and other major beneficiaries. The home buyers and developers association has sent a letter to the Centre to speed up the process of notification.
Notably, with the NGT order, 20 thousand flat buyers, who have invested in different 17 group housing projects had hampered. The buyers even after paying the money could not shift to their dream homes.
"We are thankful to the government that steps has been taken to sort out the issue. We are were earlier expecting that our dream of home has postpone for years. We have written letter to the Prime Minister Narender Modi to speed up the process of notify the eco sensitive zone," said Vivek, a Jaypee group buyer.
Neeraj Pandey, who had booked a flat in Jaypee Wishtown said that he was supposed to shift in his flat in April 2014. "We are thankful to the government to initiate action to sort out issue. We are curious to shift in our new flat. We had infect, planned how to decorate our house but our dreams had vanished after NGT imposed ban on completion certificate. We had met with environment minister and he had assured us to get ready to distribute sweets. Now it appears that time has come to distribute sweets."
"We welcome the decision of the Centre to bring relief to thousand buyers. NGT blanket ban on directing the Noida Authority to not to issue completion certification is illogical and impractical. I do agree we need to protect environment but the NGT should have also understand the pain of home buyers. To protect 4 Km area you can't stop everything in 400 km area. It's a good news for buyers that they have arrived at a decision which will ease out the stress among buyers," said a Jaypee group buyer Bibek Kumar.
Realtors body CREDAI has also wrote a letter to the Centre to sort out the issue by notifying the eco sensitive zone in a logical manner. P. Sahel, Vice Chairman, Lotus Greens Developers, said "The Centre's draft of the redrawn eco-sensitive zone around the Okhla bird sanctuary is a pragmatic move intended to protect and balance the interests of all stakeholders, including that of the future of the ecologically sensitive habitat. The decision removes the cloud of uncertainty that has been hanging over the fate and prospects of various real estate projects near the sanctuary while seeking to strike a fair balance between the imperatives of urban housing development and ecological sustainability."
"Home buyers who have invested in these projects can now look forward in getting possession of their homes sooner and put to rest all the speculation that had come to surround the projects in the region. We hope that the official notification in this regard is brought out at the earliest so that developers can complete pending formalities and expedite their delivery schedule," said Amit Gupta, MD, Orris Infrastructure.
In a major relief to thousand of home buyers, the Center has drafted notification in a way that no real estate project would be hit. Following environment ministry's objections, highly placed sources in the government said, 1.27 kilometer from north side (towards DND fly way) of the Okhla bird sanctuary will be notified as eco-sensitive zone while 100 meters to be notified from rest of the sides, that is east, west and south. Sources said that entire process of notification will be completed at most in the next three months, providing relief to home buyers who have been unable to register their flats. Before notification the government will also invite objections.