Noida: 15 builders get extension of deadline to complete projects
Noida: Due to the coronavirus pandemic, the Noida Authority has extended the deadline for over 15 builders to complete the pending projects under its zero-period policy. Now, the builders will have to complete the projects by December 31, 2021.
The board also allowed no imposition of penalty on land allottees for not executing their documents or taking possession during the lockdown period.
The builders had assured possession of flats by the end of June 2021.
“The developers who have given written assurance to complete their pending projects by December 31, 2021, have been given an extension till December 31, 2021, from June 30, 2021, as part of the zero-period policy. Sixteen (land) allottees have been issued letters for giving written assurance regarding completing the incomplete projects by December 31, 2021,” the official release stated.
The decision was taken in the 199th Board Meeting of the Noida Authority. The meeting was convened by Alok Tandon, Commissioner of Infrastructure and Industrial Development.
Noida Authority CEO Ritu Maheshwari, Greater Noida Authority CEO Narendra Bhooshan and Yamuna Expressway Authority CEO Arun Vir Singh were present in the meeting.