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Realtors say up to 2-yr delay likely in delivery of flats in Delhi-NCR | Noida News


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NOIDA: The completion timelines of flats in various stages of construction in Delhi-NCR could stretch up to two years, realtors’ associations Naredco and Credai have said, an impact primarily of two successive waves of the pandemic and the financial and work force disruptions caused by it.
This will also make the wait for delayed flats frustratingly longer. According to a survey by real estate consultants Anarock, there are over 3 lakh such flats in the main cities of Delhi-NCR. Flats are considered delayed or stuck if they were launched on or before 2014. Constructions that began after that period are ‘ongoing’. Delivery timelines of ‘ongoing’ projects will also be hit. Completion deadlines of over three lakh flats in NCR may be hit by a two-year delay because of two waves of Covid-19. Realtors’ bodies Naredco and Credai claim at least a two-year setback has to be accounted for by buyers and regulatory authorities. According to Anarock, a ....

Uttar Pradesh , Balvinder Kumar , Pankaj Bajaj , Prashant Thakur , உத்தர் பிரதேஷ் , பால்விந்தர் குமார் , பங்கஜ் பஜாஜ் , பிரஷண்ட் தாகூர் ,

'Over 100 realty projects have no valid registration' | Noida News


NOIDA: The second wave of the pandemic seems to have dealt a severe blow to the already ailing real estate sector. In Noida, Greater Noida and Ghaziabad, for instance, over a 100 realty projects are currently functioning sans sanctioned maps and registrations, according to the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera). Affected are lakhs of homebuyers who have sunk their life savings in these projects.
In fact, these builders are in a catch-22 situation as they do not have funds to pay up their dues to the respective industrial authority for which their plans are not getting periodic review. With plans not reviewed and stamped by the authority concerned, officials said, the UP-Rera is also not renewing their registrations without which they are not able to secure loans to help settle the government debts. ....

Uttar Pradesh , Balvinder Kumar , Uttar Pradesh Real Estate Regulatory Authority , Greater Noida , உத்தர் பிரதேஷ் , பால்விந்தர் குமார் , உத்தர் பிரதேஷ் ரியல் எஸ்டேட் ஒழுங்குமுறை அதிகாரம் , அதிகமானது நொய்டா ,

32 properties sealed, money will be used to refund homebuyers | Noida News


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NOIDA: The Noida administration has sealed properties worth Rs 344 crore in 32 builder projects. These properties will now be put under the hammer and the money earned from it would be handed over to UP-Rera. The regulatory authority will, in turn, use the amount to refund buyers.
Some of the developers whose properties were sealed on Wednesday were Sikka Group, Ajnara, Supertech, Rudra Buildwell and Antriksh. UP-Rera had issued recovery notices against these properties. This money would be used to refund buyers in cases where Rera has issued refund orders but they have not been honoured by the defaulting builders. ....

Balvinder Kumar , Rudra Buildwell , Gautam Budh Nagar , Rajesh Kumar Tyagi , Sikka Group , பால்விந்தர் குமார் , ருத்ரா பில்ட்வெல் , கௌதம் புத் நகர் , ராஜேஷ் குமார் தியாகி , சிக்க குழு ,