Uttar Pradesh minister’s panel to discuss the roadmap for delivery of 50,000 flats

October 04, 2017

The committee of three ministers appointed by the state Uttar Pradesh cabinet will discuss the roadmap for the delivery of 50,000 flats in three months with the officials in Greater Noida on Thursday. The committee members, including Industries minister Satish Mahana, urban housing minister Suresh Khanna and state minister of cane development and sugar mills Suresh Rana will meet the homebuyers and builders to resolve the problems. Related Post: Noida Authorities assures delivery of 10,756 flats by December “ The panel will discuss the action plan for the delivery of 50,000 flats in three months in the meeting with officials in Greater Noida,” said financial controller of the Noida authority, Manmohan Mishra. Recently the Noida authority chief executive officer Alok Tandon on Tuesday evening met with 15 builders and discussed the roadmap of delivery of the flats to homebuyers. Supertech, Amrapali, Jaypee Group, ABA Corp, Gardenia Glory and Antriksh among others met the CEO in his Sector 6 office. “ The CEO discussed issues of each housing-project with the respective builders. He met three builders at a time and heard problems that are delaying the delivery of flats. We hope that now builders will start delivering flats because the new policy of clearing 10-15% of the land dues for obtaining occupancy certificate will help them a lot,” said Amit Modi, vice-president of CREDAI (western UP) and director of ABA Corp. In Greater Noida, there are over 203 housing projects out of which 82 are critical in nature and builders owes Rs.7,200 crore debt to pay to the government. Whereas, Noida authority has around 90 housing projects needs to recover Rs.10,215 crore land dues from the builders. Moreover, the Yamuna authority is struggling to recover around Rs. 3,000 crore from 13 builders. In the three areas, there are thousands of homebuyers suffering as the builders have delayed housing projects for three to seven years. Manoj Rai, director of Gardenia Glory housing project located in Sector 46, said “ I do not think the builders will not deliver now. I am very positive about the new scheme and hopeful of it working out well for both the builders and homebuyers,”