A delegation of homebuyers from Noida Extension Flat Owners Main Association (NEFOMA) on May 9 met Amit Mohan Prasad, CEO of Noida authority and Greater Noida Authority, to apprise him of issues faced by them. They also handed over a memorandum of understanding containing several demands.
The association said that when the master plan 2012 was approved, the builders promised that they would work round the clock to stick to the deadlines for handing over flats to the buyers. But those were empty promises as thousands of buyers were still waiting for their homes. They are forced to stay in rented homes and pay EMIs as well. After Chief Minister Yogi Adityanath assured them of justice, they have become hopeful.
The association argued in the memorandum that as buyers were suffering for no fault of theirs, the Authority should relieve buyers from making payment to the builders for super built up areas or interest on due payments. The builders should be told to strictly commit to buyers that their homes would be given on time and return payments along with compensation to those buyers who want to cancel their deal.
Builders are trying to obtain completion certificates on partly completed projects to evade the rules of Real Estate (Regulation and Development) Act, 2016. Under RERA, only those projects that have not been granted completion certificates will fall under the purview of the regulatory law. Keeping these points in mind, the association urged the Authority to not issue a completion certificate without a thorough inspection of promised amenities in the residential complexes.