As per the realty firm Supertech, there are nearly 17,000 apartments that required to be constructed and delivered to the homebuyers in Greater Noida and Noida.
The authorities of Greater Noida have decided to rethink bout the realty company Supertech which got approval for implementing registries of built homes, regarding the complaints of numerous homebuyers, who have been awaiting for more than 10 years to get their dream homes in the twin cities of Greater Noida and Noida.
Additional CEO Srivatsava says, “We have already informed the developer that permission for the registry is issued only if the developer in question first clears the land cost dues. And if they are ready to clear the dues, then the authority can issue permission for the registry”.
Similarly, RK Arora, Promoter, Supertech Limited states, “We cleared the land cost dues for 2,100 apartments in different housing projects in Greater Noida and 3,000 apartments in Noida’s different projects two years ago. Buyers were shifted into these projects but registry permissions were not issued. We have written and sought a nod from the Noida and the Greater Noida authorities for registries for providing relief to homebuyers”.
“Also, to obtain permission for remaining apartments, we have suggested to the two authorities that they open an escrow account so that money from permission to bring in a co-developer who can infuse funds and help complete projects,” Arora added buyers for sold out inventory can be used for payment of land cost dues and registry. We have also sought.
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