Homebuyers raise concerns about Paramount Emotions
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Homebuyers raise concerns about Paramount Emotions

GreNo West: As the Sector 1 housing project falls way behind schedule, worried buyers met the builder with their demands.

Homebuyers raise concerns about Paramount Emotions

A delegation of homebuyers of Paramount Emotions, an under construction housing project in Sector 1, Greater Noida West, with members of Noida Extension Flat Owners Welfare Association (NEFOWA), met Mukesh Agarwal, managing director of Paramount Group, at  his office in Sector 63, Noida, on February 25. They demanded the builder to speed up the construction work of the project.

They complained that they booked flats seven years ago and the project was behind schedule by four years.

Abhishek Kumar, president of NEFOWA, told City Spidey, “Homebuyers have been waiting for their house for the last six to seven years. They are still not sure when the builder will hand over the keys as the project is incomplete. We demanded him [the managing director of Paramount Group] to expedite construction work on the site so that the project is completed as early as possible.”

Chandan Chaudhary, a homebuyer, asked the builder if he had cleared the dues for land allotment with Greater Noida Authority. He said that if the dues for land allotment were not cleared, it would cause problems to homebuyers during registration of the property with department of stamp and duty. The process of granting of completion certificates to individual or to the projects by the Authority would also get delayed.    

Pankaj Chauhan, another homebuyer, enquired with the builder if he would be imposing any charge other than what was already paid by the homebuyers. He asked the builder to clarify if he, like many other builders, would “harass” homebuyers over payment for super built up areas.

Bharat Sharma, another homebuyer, demanded the builder to pay interest to the homebuyers over delay of possession of flats. Shweta Bhari, general Secretary of NEFOWA, was also present at the meeting.

The builder took note of homebuyers’ concerns and assured that they would be given possession of their properties soon. “The pace of work will be increased at the sites to complete the projects and to hand over keys to everyone. We have cleared all dues with the Authority and buyers need not worry about it. We are trying to complete the project first,” Agarwal said.


Homebuyers and NEFOWA members during the meeting with the managing director of Paramount Group