Noida Authority mediates between homebuyers, Unnati Aranya builder
Noida Authority mediates between homebuyers, Unnati Aranya builder
Avishek Dubey
Noida Authority mediates between homebuyers, Unnati Aranya builder
Photo: Avishek Dubey

Noida Authority mediates between homebuyers, Unnati Aranya builder

Noida Authority held a tri-party meeting between homebuyers of  Unnati Aranya, an under construction project in Sector 119, and the builder to discuss issues faced by buyers at Indira Gandhi Kala Kendra, Sector 6, on April 26. The meeting was led by Shishir Singh, ACEO of Noida Authority.

Buyers complain that they invested in the project in 2011 and deposited 95 per cent of the cost of the property bought. Although the builder promised to deliver by the end of 2014, the construction work was still pending.

Another issue faced by the buyers was the builder seeking the remaining dues in a letter of prepossession sent recently. The letter stated that buyers clear the remaining dues within 30 days so that they can get possession after 90 days.

Arun Gupta, a homebuyer, told City Spidey, “The builder-buyer agreement clearly mentions that that remaining dues, which is five per cent of the flat cost, will be paid after the possession. They have only completed 50 per cent of the construction work.”

 

Anil Mithas (left), managing director of the Unnati Fortune Group, along with Noida Authority officials at the meeting

 

“We demanded that the letter be withdrawn and decided that buyers won’t pay the builder until we get possession of the flats. The Authority officials also ordered the builder that no money would be paid until possession,” he added.

GK Chaturvedi, another homebuyer, said that the builder has also demanded maintenance charges for two years in advance, which is Rs 104,190, at the time of possession. “This is wrong and the Authority has rejected this demand,” he said.

Homebuyers said that the builder is supposed to complete the project in two phases but the work on the second phase has not yet begun and they have already paid around 70 to 80 per cent of the property cost.

When City Spidey spoke to Shishir Singh, ACEO of Noida Authority, he said, “The builder has to submit a tower-wise report before May 10. The builder also has to pay Rs 105 crore to the Authority. We will conduct tri-party meeting again in the coming days and have instructed the builder to conduct a meeting with the buyers to solve some issues.”

Anil Mithas, managing director of the Unnati Fortune Group, told City Spidey that he would submit the tower-wise report to Noida Authority in time. "As per the instruction of the Noida Authority, we will conduct a meeting with the buyers to solve some issues on May 6," he added.