Raman tells builders to give buyers flats in Greater Noida
Nearly 1.5 lakh buyers in Greater Noida (west) have been waiting for their flats for more than four years
May 28, 2015
Source : The Economic Times (ETRealty.com)


NOIDA: Scores of homebuyers in Greater Noida (west) conveyed their grievances to Rama Raman, the chairperson and CEO of Greater Noida Authority, on Wednesday.
Following the meeting, Raman asked the developers in question to resolve all buyers' grievances at the earliest and start giving them possession of the flats.
Nearly 1.5 lakh buyers in Greater Noida (west) have been waiting for their flats for more than four years. Their dreams were put on hold after the row over land acquisition broke out in 2011. Nearly two weeks ago, the SC upheld land acquisition by the Greater Noida and Noida Authorities between 2006 and 2009, bringing relief to thousands of homebuyers who had invested in the area.
"We have asked the developers, who are members of CREDAI (Confederation of Real Estate Developers Association of India), to speed up their projects and resolve issues related to late delivery, unjustified penalties, changes in layout plans, high interest on late payments, stalled possession, withdrawal of buyer from project, among others," Raman said.
Raman assured the homebuyers of his support and "We will do our best to help resolve the issues and in making sure all developers follow ethical practices," he said.
"We met the buyers and have heard their issues. We hope to mitigate some of their complaints," Manoj Gaur, president of CREDAI NCR, said.

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