On September 25, a handover meeting was held between the residents and the AOA board of Supertech Capetown, Noida, Sector 74. The Noida Authority handed over the Capetown Society from the builder to the AOA board.
In the meeting, 50 residents were present and presented their queries related to the handover. According to the residents, in the first phase, they are only taking the financial part which means the old agency, YG Estate will continue to work. However, the AOA Board has not been called by the authority yet. Despite the completion of the term, the AOA board is only legal till another board is not elected. On this, Naveen Dubey, citing the 26/3 UP Apartment Act, said that it is not valid.
AOA board says that they do not have complete authority, yet after taking the handover, the service and maintenance work will have to be done because they can't wait for the builder to do that. The entire AOA board will have to bear the repair cost of getting the handover from day one.
The AOA Board kept its point that they have almost everything written in the agreement, the builder will not have to fill any outstanding dues here but the resident, Anoop Bhatnagar told that if the builder becomes insolvent, then all this does not apply and the board could not give more information on whether the bank holds the right to the society to recover its money.
A question was raised by the resident that how AOA board will charge common area maintenance charges from the multipoint connection. To this, AOA board said that usually people give these charges on their own but of not, then the law gives them the power to recover the common area maintenance charges.