However, a buyer will have to pay the entire amount against a booked flat if he wants it to be registered with the Registrar in the Department of Revenue.
A high-power committee of ministers formed by UP CM Yogi Adityanath, which has been investigating the Amrapali fiasco, has asked homebuyers to pay their remaining amounts only at the time of possession.
This mandate was pronounced yesterday at the auditorium of Gautam Budh Nagar University in Greater Noida, in the presence of a gathering of homebuyers and media representatives.
The high-powered committee consisting of Suresh Khanna, Minister for Urban Development, Satish Mahana, Minister for Industrial Development, and Suresh Rana, Minister in charge of Sugarcane Development and Sugar Industry, however, stated that in case a buyer wanted his property registered with the Registrar in the Department of Revenue, he would have to clear all dues against the booked flat.
Khanna said the committee had interacted with nearly 200 homebuyers of different housing projects in the past two days and gathered that most buyers desired possession at the earliest. Many of these buyers had booked flats in Amrapali, Jaypee and Unitech groups.
“The Amrapali Group was supposed to grant possession of 40,000 flats to individuals buyers. Since this has not happened, the government is now mandating a time frame of two years. Within this period all the 40,000 homebuyers should get their flats,” Khanna explained.
The minister further informed that Jaypee had already agreed to start giving possession. The group had committed that every month from coming November, possession shall be given to 600 buyers.
The story is a little different for Unitech. The group has proposed to surrender the plots allotted to them for developing projects across Noida and Greater Noida. They said that currently the legalities were being worked out and a decision would be taken accordingly.