Noida: In a major relief to homebuyers, who have been simultaneously paying rents and EMIs against loan borrowed for buying a home in Greater Noida West, Conciliation forum of Uttar Pradesh Real Estate Regulatory Authority (RERA) ordered a private developer to bear upon monthly house rent and penalty as well for delayed possession of flats to homebuyers.
The decision was taken during 15th meeting of the conciliation forum, which was held on Monday. The meeting was chaired by RD Paliwal, conciliator with RERA in which Abhishek Kumar, Alok Kumar, and Shweta Bharti, were present on behalf of consumers.
In the case of a homebuyer, Pushpendra Tiwari, the conciliation forum told developer of Supertech Eco Village-II that it has to give possession of home to the complainant by August 2020.
In addition, it would have to bear upon the penalty as per the provision in builder buyer agreement and now onward up to the possession, it would also bear upon the monthly house rent that the homebuyers have been paying for rented accommodation.
The forum had received a total 15 complaints from homebuyers with different realty companies developing group housing projects in Noida, Greater Noida West and Yamuna Expressway.
Paliwal also ordered developers of respective housing projects to comply with the decision taken during the meeting.