Greater Noida: Under the new policy in Greater Noida, 3057 people will be able to get their ownership rights. The implementation of the recommendations of the Amitabh Kant Committee has started reaching the common flat and plot buyers.
From January 1 to June 30, 3057 flat and plot buyers got their ownership right
The authority has released the figures of the registry after the implementation of the new rules. According to the new policy, the target of registration of 10 thousand buyers was set in the authority area, but due to the delay of the builders, 70 per cent of the buyers are still stuck.
The problem is being solved by the recommendation of the Amitabh Kant Committee
To end the problems of builder buyers, in December 2023, the government implemented the recommendations of the Amitabh Kant Committee. Under this, the authority had issued orders to 9 builder projects to deposit Rs 981 crore as 25 per cent of the total dues of Rs 5012 crore. But out of all the nine builder projects, only three builders have deposited the entire amount as per the recommendations of the authority. These include Logix, Buildstate and Omnis Builder. The remaining 6 sublessees have also deposited their entire dues.
ATS has deposited Rs 5 crore and has sought time till August 2024 for the rest
Greenway Infrastructure Private Limited, which is a project of more than 100 acres, has deposited Rs 92 crore. ATS has deposited Rs 5 crore and has sought time till August 2024 for the rest. There is a stay from the court on some other projects including Supertech and Omnis. However, the authority is trying to provide relief to the buyers by making agreements and pressure in other ways. Efforts are on to get relief to the buyers of Jaypee Infratech and 3C from the court. In Supertech Upcountry, the authority has cleared the way for the registration of 600 buyers at its level.
971 registrations have been done in Sector 20
According to the records of the authority, except for Sector-20, 703 registrations of BHS flats and plots have been done in the rest of the housing sectors including Sector-18 and 17. 971 registrations have been done in Sector 20. 1383 buyers stuck in 9 group housing projects have also got ownership rights on flats and plots.
The authority’s efforts are to provide relief to the rest of the stock buyers
Yamuna Authority CEO Dr Arunvir Singh says, “3057 registrations have been done under the recommendations of Amitabh Kant Committee. Efforts are on to provide relief to the rest of the buyers.”