GNIDA to Hand Over 4000 Housing Units to the Homebuyers Before Diwali

According to the latest news, the Greater Noida Industrial Development Authority is planning to provide certificates to the 21 group housing societies and hand over the dream homes of homebuyers before Diwali. If all process will complete according to the plan, then GNIDA will hand over occupancy certificates to nearly 4,000 residential units before Diwali.

The Chef Executive Officer of GNIDA Deepak Agarwal said that we have scheduled a meeting with the 21 developers on Friday to sort out the problems first-hand and expedite the process of issuing completion certificates.

He also said that we have requested the developers to co-operate with us in this endeavor so that during this festive season, scores of homebuyers will be able to have possession of their homes.

According to the review of each 21 project, he said that we are confident of handing over the completion certificates to 90% of the projects by October 15. In this process, if anybody left out we will surely hand over the certificates by the end of October 31.

He said that if developers have in place all the clearances and mandatory prerequisites including no dues certificates, which are linked to respective default amounts, the deposit of labor cess, pollution consent and payments for compoundable variation in layout plan, we will have no problems in issuing the completion.

If the developers have provided the completion certificates, then GNIDA can issue the occupancy certificates after that the homebuyers will be able to register their properties.

According to the officials, after reviewing the situation of the rescheduled payment plan on Thursday. The authority had found that out of the 95 defaulting group housing builders, 95% had submitted their applications to the GNIDA. Besides this, the officials said that in the last 15 days, the GNIDA has collected nearly Rs. 100 crore from the defaulters.

Agarwal said that 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.

News Source: http://realty.economictimes.indiatimes.com/news/residential/4000-buyers-may-get-greater-noida-flats-by-diwali/54474673

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