Connect with us


Give flats to buyers, Raman tells Gr. Noida developers


Greater Noida Authority Chairperson and CEO Rama Raman on Wednesday asked the developers in Greater Noida (West) to resolve all grievances of the buyers at the earliest and start giving them possession of the flats.

Scores of homebuyers had expressed their grievances to Raman at a meeting held with him at Sector 6.”We have asked the developers, who are members of Credai (Confederation of Real Estate Developers Association of India), to speed up their projects and resolve issues related to late delivery, unjustified penalties, changes in layout plans, high interest on late payments, stalled possession, withdrawal of buyer from the project, among others,” Raman said.

Raman assured the homebuyers of his support and “We will do our best to help resolve the issues and in making sure all developers follow ethical practices,” he said.

“We met the buyers and have heard their issues. We hope to mitigate some of their complaints,” Manoj Gaur, President of Credai NCR, said.

Almost 1.5 lakh buyers in Greater Noida (West) have been waiting for their flats for more than four years. They were put on hold after the row over land acquisition broke out in 2011. Nearly two weeks ago, the SC upheld land acquisition by the Greater Noida and Noida Authorities between 2006 and 2009, bringing relief to thousands of home buyers who had invested in the area.


Latest News

News9 hours ago

UP Real Estate Appellate Tribunal’s “Online Justice Delivery System” awarded for Innovative Technology for Smart Governance by Computer Society of India

U.P. Real Estate Appellate Tribunal’s “Online Justice Delivery System” has been awarded for Innovative Technology for Smart Governance and selected...

News1 day ago

52% NRIs see Indian commercial properties emerging as a new asset class

The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...

Guest Column1 day ago

Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex.  Sintex’s auto business already has a...

New Launches1 day ago

Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting

Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...

News1 day ago

Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23

New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...

News1 day ago

Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai

New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...