They think the state government has failed to revise the pro-builder rules, after UP Chief Minister Yogi Adityanath launched the RERA website on Wednesday.
Homebuyers of Noida and Greater Noida are not pleased with the rules on the new Real Estate Regulatory Authority (RERA) website. They think the state government has failed to revise the pro-builder rules, after UP Chief Minister Yogi Adityanath launched the RERA website on Wednesday.
Buyers feel the rules are soft towards developers.
Hitesh Nkashi, a buyer, who invested in the Amrapali Dream Valley project, said, “There are only three days left for developers to get their projects registered under RERA. If they don't, we don't know what action will be taken against them, as the rules are not clear."
In Noida, about 50 under-construction group housing projects have been delayed by three to four years, affecting about one lakh buyers who have invested in projects to be delivered by 2012. In Greater Noida, about three lakh homebuyers from 60 delayed projects were yet to receive possession of flats that were to be delivered by 2012. Similarly, 15 projects in the Yamuna Expressway Industrial Development Area, along with the 165-km Yamuna Expressway connecting Greater Noida and Agra, are yet to be delivered.
Abhishek Kumar, president of the Noida Extension Flat Owner Welfare Association (NEFOWA), told City Spidey that members had discussed the matter with Noida MLA Pankaj Singh and had even spoken with the CM. The CM had assured them that these changes would be incorporated in the next Cabinet meeting. “If the changes are not made as per the discussions in May 2016, NEFOWA will be left with no option but to protest outside the chief minister's office in Lucknow,” Kumar added.
