On the lines of its Noida counterpart, the Greater Noida Authority will now upload details — status of dues, occupation and completion certificates — of its 197 group housing projects on its official website. The move, officials said, seeks to enhance transparency and safeguard the interests of investors.
“We plan to upload the data by next Friday. At present, the Authority is preparing tower-wise data for each builder. This is taking some time. It is online, homebuyers will be able to check the status of all projects and invest accordingly,” GNIDA officer on special duty (builder department) Saumya Srivastava told on Sunday.
The Noida Authority has recently uploaded the details of its 115 projects, including their status of completion and occupation certificates, arrears, disputes and registry of flats, on its website. The authority has uploaded details in two categories — realtors whose projects are ready for a registry, and defaulting realtors who have failed to clear dues.
According to officials, 135 of the 197 housing projects in Greater Noida are on the defaulters’ list and 107 builders have been issued notices for clearing their dues amounting to nearly Rs 5,600 crore. While five projects have cleared all dues, 10 have applied to clear the payments under GNIDA’s reschedulement policy, announced in January.
Recently, the Authority has received Rs 400 crore under the reschedulement policy and SWAMIH Funds. “We hope to realise another Rs 80 crore in the second instalment of the projects that applied under the policy. The Authority plans to issue recovery certificates and cancel the land allotment of developers who have, so far, not shown any interest to clear their dues,” said an official.
Builders altogether owe over Rs 14,500 crore to GNIDA in dues. Twenty-one projects, which are undergoing insolvency proceedings at the National Company Law Tribunal, cumulatively owe GNIDA over Rs 2500 crore.
Amid the stalemate over payment of dues, nearly 1 lakh homebuyers in Greater Noida West are facing difficulty in registering their flats.
