More than 94 projects are stuck in Noida and Greater Noida for the past 8 years. The flat owners have already paid as much as 80-95 per cent money to the builders.
Series of frauds and inaction against the accused builders besides pressure from the aggrieved home buyers had prompted Uttar Pradesh Chief Minister Yogi Adityanath to direct all the real-estate developers to fulfill the promises made or face tough action.
In the meeting held late Friday evening, he ordered around 20 big developers to clear their debts and complete their projects.
The minister also reviewed the performance of the three development authorities - Noida, Greater Noida, and Yamuna Expressway. These three authorities account for the development of the city in their respective areas- from lands to buildings, air pollution to water and roads to traffic.
"No representatives from UP-RERA was invited for the meeting," sources aware with the matter said.
According to a senior official who was present in the meeting, the CM emphasised that struggling home buyers should get their flats as soon as possible.
"Chief minister has given a final warning to the builders who have either fooled or are unable to fulfill their promises to the buyers or haven't cleared the debts of the authority. If a particular builder fails to do so, he would have to face action. While the three authorities will keep a check on their work," the official said.
The CM also discussed issues related to traffic, development, industries in the meeting.
"The officials of the three authorities have been told to prepare projects related to infrastructure, beautification of the city, traffic, garbage disposal. They were told to submit a road plan to the CM," the official concluded.