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NOIDA: Developers of nearly 900 projects incomplete and under-construction that suffered due to the pandemic will be given an extension of six months for completion, Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) secretary Rajesh Kumar Tyagi said on Monday.
The deadline extension was announced by the state government during the lockdown, but the policy initially covered only those projects that were due in 2020. However, Tyagi said builders of all projects that were under construction on March 26 last year or later will get the benefit, regardless of the scheduled year of completion.
Halt in construction activities across the city due to the lockdown announced in March last year led to a mass exodus of labourers. In Gautam Budh Nagar, which is a dense construction hub of realty projects, a few builders managed to retain only around 40,000 workers. Before the pandemic outbreak, the district had around four to five lakh labourers working at c
Noida: Year 2021 has started with double workload for the builders of Noida and Greater Noida, with the backlog of 2020 piling up on the deliverables .
Bar association, buyers, promoters demand UPREAT extension bench at Greater Noida hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
UP-Rera started hearing cases from September 4, 2018. At the end of that year, the regulator had registered 9,601 cases and disposed of 7,089 in 2019.
NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has been able to clear major backlogs through virtual hearings this year, despite the Covid-19 lockdown.
Of the 30,956 complaints registered so far, the regulator has already heard 24,026 cases till December 15. And of these, some 5,115 complaints were filed by buyers in Gautam Budh Nagar in 2020 and 1,454 have been disposed of this year itself. The new year is supposed to start with 6,930 pending cases to be heard from previous applications, officials said.