residential projects in Noida

UP RERA asks authorities to submit list of stuck residential projects in Noida, Ghaziabad

News Noida

In the latest development, the Greater Noida bench of UP RERA has asked Noida, Greater Noida and Yamuna Expressway development authorities to submit a list of stuck housing projects that can be fast-tracked. The deadline fixed to submit the list is September 20.

The decision took place in a meeting few days back which was attended by CEO of Yamuna Expressway Authority Arunveer Singh, vice-chairman of Ghaziabad Development Authority Ritu Maheshwari, CEO of Greater Noida Industrial Development Authority (GNIDA) Parthsarathi Sen Sharma and UP-RERA chairman Rajive Kumar. He has given a deadline to every authority to identify all such delayed housing projects which could be fast-tracked towards completion and delivery.

Giving more information on this, Rajive Kumar said, “RERA is not just a regulatory body. Development is also part of its function. So, even as we are regulating the deliveries of the pending projects, we are also going to stress on our development function. After we get the lists by September 20, we will get into action to ensure that some of these projects in Greater Noida, YEIDA and Ghaziabad areas are delivered at the earliest to investors.”

He further said that they will not address the cases of those builders, applications against whom are currently with the Supreme Court, though we have a significant number of complaints from those projects.

“We have got the list earlier too, but in order to remove any duplication we have asked for a final list from all the three authorities,” Kumar added.

After the meeting, GDA vice-chairperson said, “We already have data on the status of projects as they are in Ghaziabad, of which we will now sort out and create a list specific to the requirement of UP-RERA. While the buyers’ complaints are being addressed, this will add fillip to the issue of completion and time-bound delivery. We have been given time till September 20 to submit this list.”

Moreover, Homebuyers from all the three regions have welcomed this move of UP-RERA and said that if they give a push to delayed projects, it would be a strong push for the buyers who have been awaiting these flats for up to 10 years.

The Greater Noida bench of the UP-RERA has started its functioning from September 4. On the first day, the regulatory body has heard as many as 31 complaints, all related to delayed projects.