Noida: Real estate developers in the city have begun to pursue buyers for coughing the remaining payments for their flats in Noida and Greater Noida this celebration season.
However, some buyers have approached the industrial development authority to determine the status of their current project.
Desperate to increase liquidity, certain developers come with various explanations to demand money from buyers.
The most common tool used by developers in supporting them is the order of up-late September 2019 which states that if the occupation certificate (OC) is waiting with the authorities outside eight days, the project will be considered “considered approved”.
Some builders have notified the command in their recent communication with buyers, asking them to pay the final amount by claiming that their project is “considered complete”.
“But at the same time the customer relationship management team from the developer also said that implementing the registry would take months more.
They said the registry problem was waiting before the APEX court and asked me to make a final payment,” Shakti Singh said, who bought a unit In the larger noida project in 2016.
“After going through the letters, I realized that the flat registry was also important.
I asked the Builder representative to give me clarity on the timeline for the registry and he assured me to return with complete details,” Singh added .
Meanwhile, Singh learned that the registry was cut by the authority of the development of the Noida Industry Big because of the default payment by the developer.
President of President Builders Credai-Western, Prashant Tiwari said, “Caregiver fences are interested in buying properties today and sentiment has improved because of the celebration season.
Up-rera orders are quite clear and there is no doubt for confusion.
This is an order by the Authority of the Real Estate Supervisor and There is nothing wrong with sharing it with the buyer.
“CEO of Gnida Narendra Bhoooshan, however, said that the existing buyers and candidates need to move carefully.
“We have all seen the ra sequence.
It is a general order and needs to be seen in context.
The buyer must ask the developer to produce a written order by the regulator, which states that their project has been given a settlement certificate that is considered.”
Builder citing Rera orders to find payments
