The Greater Noida Industrial Development Authority (GNIDA) will hand over occupancy certificates to nearly thousands of new residential units before Diwali.
The Greater Noida Industrial Development Authority is planning to fast-track the completion certificates of 21 group housing societies in an attempt to address homebuyers’ problems and hand over the much-delayed dream homes to them. If all goes according to plan, the GNIDA will hand over occupancy certificates to nearly 4,000 residential units before Diwali.
Speaking to TOI, Deepak Agarwal, chief executive officer, GNIDA, said, “We have scheduled a meeting with the 21 developers to sort out issues first-hand and expedite the process of issuing completion certificates,” he said. “We have urged the developers to join hands with us in this endeavour so that during this festive season, scores of homebuyers will be able to have possession of their homes,” he said.
Agarwal said he had reviewed each of the 21 projects in detail. “I am confident of handing over the completion certificates to 90% of the projects by October 15. If any are left out, we will surely hand over the certificates by October 31,” he said. “If the developers have in place all the clearances and mandatory prerequisites including no dues certificates, which are linked to respective default amounts, deposit of labour cess, pollution consent and payments for compoundable variation in layout plan, we will have no problems in issuing the completion,” he said.
Once the developers have the completion certificates, they can issue the occupancy certificates, after which the homebuyers can register their properties.
Officials said the 21 projects included some leading developers’ projects. The 21 projects are Sam India, Le Residencia, Nirala, Ajnara, Exotica, Gaur Hitech, Panchsheel, Eldeco, Proview, Earthcon, Eros, Galaxy, AIG, Supertech, AVJ, Spring Meadows, MSX, County Homes, etc.
According to officials, on reviewing the situation on Thursday, which was the last date for application of the rescheduled payment plan, it was found that out of the 95 defaulting group housing builders, 95% had submitted their applications to the GNIDA. In the last 15 days, the GNIDA has collected nearly Rs 100 crore from the defaulters, officials said.
“The situation is expected to improve and look up by the end of this month and by October end we have targeted a collection of Rs 200 crore,” said, chief executive officer, Greater Noida Development Authority.
News Story Source: TOI