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- Mid weeks of March will decide future of NE. SC will start hearing on NE cases (Patwari/Bisrakh) once G.Noida reply is received. Hope for best for allCommentQuote0Flag
- Noida Extension homebuyers allege harassment again
NOIDA: Hundreds of Greater Noida West (Noida Extension) homebuyers staged a protest on Sunday at Jantar Mantar demanding stringent action against developers as well as passing of the real estate regulatory bill in the ongoing Parliament session.
Many residents' welfare associations, social activists and buyers from areas like Noida, Ghaziabad, Faridabad, Gurgaon, Kurukshetra, among others joined the chorus demanding a stringent law to regulate builders who allegedly keep harassing innocent buyers.
After the agitation was over, homebuyers also submitted a memorandum to PM Manmohan Singh requesting his support. Buyers have already met several other party leaders of the country demanding that the bill be made into a law to curb buyers' harassments.
Buyers reached Jantar Mantar around 10am and kept protesting till 4pm. Last week, about 200 buyers along with their children had staged protests outside various builders' sites and later sat on a daylong fast at the Greater Noida West's roundabout.
"If Jantar Mantar protests do not awaken the Greater Noida Authority's chief executive officer, UP government and the Centre, then we will stage protests outside the houses and offices of all concerned ministers and officials. I do not understand why the government is not acting against the developers who are harassing innocent buyers," said Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association.
"Several developers, including Gulshan Homes, Nirala, Panchsheel, Buland Elevates, Supertech, Ajnara, Earth group and others, have issued cancelation letters illegally," Kumar alleged. Buyers claimed that developers are accepting new bookings and cancelling old ones to earn more. "I had paid the 10% booking amount in 2011 and I am ready to pay more, but my builder Buland Elevates is issuing cancellation letters so that my flat can be sold to somebody else at current market rates. There are thousands of such cases," said NP Singh, who has booked a flat in Noida Extension.
Noida Extension homebuyers allege harassment again - The Times of IndiaCommentQuote0Flag
- Originally Posted by fritolay_psMid weeks of March will decide future of NE. SC will start hearing on NE cases (Patwari/Bisrakh) once G.Noida reply is received. Hope for best for all
Super Modrator Sahab, where r u?CommentQuote0Flag
- Latest site photos of Sky Garden Project
Following is the link of latest photos of the site of Sky Garden Project (33 Acres) clicked on 23rd Feb 2013. This project is relaunced with all the approvals. Guys, Share these photos with the buyers of this project.
- Also, for the people those are interested in near by projects of Sky Garden
In some of the photos, near by buidings are also showing.CommentQuote0Flag
- Guys, what's the latest update on Amarapali Terrace homes?CommentQuote0Flag
- Originally Posted by raj009Your argument is valid but what if your project got scrapped after few years or builder cancelled your unit after getting a unfavorable judgement by the courts. You will have no chance of buying anywhere then because of the same argument presented by you. Appreciate your courage though. Just sharing my thoughts. At time I also think of investing in NE but hold myself because of the everyday nuisance I hear about NE.
Right Dear, But I feel that after crossing republic at one side and fully grown like city Noida on the other side, this place (NE) will ultimately be given to builders might be after surchages or penalties and time consuming court case's etc.
Therefore I belive that we should not get negative at all about this all and should welcome others even with advice about what can go wrong.
I am following this group for some time but its my first message, I have booked a flat in G City, GC-5, in D/P plan.CommentQuote0Flag
- Originally Posted by vikas3009Right Dear, But I feel that after crossing republic at one side and fully grown like city Noida on the other side, this place (NE) will ultimately be given to builders might be after surchages or penalties and time consuming court case's etc.
Therefore I belive that we should not get negative at all about this all and should welcome others even with advice about what can go wrong.
I am following this group for some time but its my first message, I have booked a flat in G City, GC-5, in D/P plan.
With no offence ,Paying in downpayment plan in current scenario is not a smart thing. What if it take 4-5 years to complete.CommentQuote0Flag
- Originally Posted by hindustanWith no offence ,Paying in downpayment plan in current scenario is not a smart thing. What if it take 4-5 years to complete.
he might be the initial buyer of 2010 end... there banks funded the DP plan and now buyers have paid heavy interest on those payments made... almost getting 3 years.
they may not good deal in re-sale as kafi pisa chala gaya hai interest main ... and moreover new buyer has to pay them the premium + DP amount which almost as 95 %
my sympathy with those buyers... wish things get stable soonCommentQuote0Flag
- Buyers flock to Noida and Greater Noida as twin cities lead home-owning boom
By MAIL TODAY BUREAU
PUBLISHED: 23:14 GMT, 24 February 2013 | UPDATED: 23:14 GMT, 24 February 2013
Twin cities Noida and Greater Noida are attracting buyers from different parts of Uttar Pradesh and the Capital.
Mail Today Property Expo 2013, showcasing projects from Noida, Greater Noida, Greater Noida West and Ghaziabad, witnessed a footfall of around 3,000 people on Saturday and Sunday, with aspiring homebuyers showing deep interest in these areas.
Leading developers such as Supertech, Premia Projects, Civitech, Ajanara, Antriksh, Jaypee Greens, Mahagun, Exotica, Amrapali, SVP group and Valencia Homes participated in the expo.
:bab (59):The projects at the Yamuna Expressway are among the hottest selling destinations. :bab (59):
Property buyers at a stall at the Mail Today Property Expo 2013 in Noida
"Noida and Greater Noida are coming up in a big way. The Yamuna Expressway stretch is more of a tourist's destination road with the F1 track, hotels and greenery. Agra is also now closer to Delhi with the expressway. We met many people from Agra and Mathura who want to buy property in Greater Noida and Yamuna Expressway owing to the minimum reaching time via e-way," said Jitendra Singh, senior vice-president, sales and marketing, Supertech.
"The expo has made it easier for a buyer to choose a property because there are many real estate developers under one roof," he added.
Homebuyers had stopped inquiring about residential and other property in Noida Extension, following the Shahberi and Patwadi verdicts.
But after the Allahabad High Court verdict, which did not quash land acquisitions in villages where projects are under construction, there has been a gradual increase of footfall.
Many real estate developers have come up with new projects, for instance, Premia Projects Ltd.
It is constructing India's first corporate city.
"This is called Premia Corporate city. A first of its kind, it will have malls, gyms, parks, etc under one roof. The site has schools and hospitals nearby. The minimum investment in this property is Rs 5 lakh with assured 12.5 per cent return," said Vishal Raheja, assistant vice-president, Premia Projects Ltd.
"The future of Noida Extension is bright. Around 2.5 lakh people are going to reside in Noida Extension and the people who booked their property in the initial stage have got very good appreciation," he said.
Prateek Group is also coming up with a luxurious project called Prateek Edifice with houses worth Rs 3 crore with the cheapest property priced at Rs 58 lakh.CommentQuote0Flag
- NEFOWA Update :
Today NEFOWA organized a big Dharna protest at Jantar-Mantar in which huge number of flat buyers from different part of NCR participated. The flat buyers started reaching Jantar-Matar from 10 O’clock in the morning and raised slogans against the builders unethical actions. The flat buyers also urged the govt. to pass the’ Real Estate Regulatory Bill’ in the ongoing parliament session. We would like to bring to your notice that the bill is pending since long time. In past, NEFOWA met Mr Ajay Maken, Mr. Kamal Nath & Mr. Rajnath Singh and requested them to put the bill on the floor of the parliament session.
Today apart from the buyers of Greater Noida West, buyers of Faridabad, Greater Faridabad, Noida, Gurgaon also participated and raised their voice against the builders activities. They also requested the govt. to take strong action against such activities. Lot of ladies and children also shown their presence and took part in the protest.
NEFOWA will also hand over a memorandum to the Prime Minister, Dr. Manmohan Singh, Mr. Ajay Maken & Mr. Kamal Nath in which NEFOWA has proposed some changes in the recommended bill.
NEFOWA thanks all those who participated in the protest and given us strength. NEFOWA will continue its effort to get the Regulatory bill passed.CommentQuote0Flag
- NEFOWA UPDATE
Memorandum to Prime minister on "Real Estate Regulatory Bill' by NEFOWA :
Sh. Dr. Manmohan Singh
Hon’ble Prime Minister,
Govt. of India,
Subject:- Need of passing of The Real Estate (Regulation and Development) Bill-2011 immediately and suggestions of improvement.
Hon’ble Minister Sir,
You are aware that Noida Extension Flat Owners Welfare Association (NEFOWA) has been continuously fighting for the rights of innocent buyers of Greater Noida West projects who have been by now made to believe that they have been cheated at the hands of the powerful builder’s lobby and have been living in the constant agony of many kinds which include cancellation of their bookings, paying excess interests to the Banks so on and so forth. Above all, the biggest concern is regarding possession as most of the projects are running quite late which is in the notice of one and all. It is also believed that Greater Noida West Projects are not the sole examples which attract the concerns of the buyers of dream houses. There are many more projects across the country which, envisage the same concerns of the buyers. The woes of the buyers are aggravated due to the well known fact that there is no regulatory authority/law in this regard amidst so many prevailing State Legislation. Perhaps this situation compelled all of us to establish a Regulatory Authority for regulation and planned development in the real estate sector and to ensure sale of immovable properties in an efficient and transparent manner protecting the interests of consumers in the real estate sector.
It is really a sigh of relief that the much sought after Real Estate (Regulation and Development) Bill stands drafted, waiting to be passed in the Parliament. A delegation of NEFOWA met Sh. Ajay Maken, Hon’ble Minister of Housing and Poverty Alleviation, Govt. of India, in the month of December 2012 and requested to get it passed in the Winter Session of the Parliament and the same was assured to us. It would not be out of place to mention that earlier it was slated to be tabled in Parliament in the Monsoon Session. However, both the sessions slipped away and now the Budget Session is ongoing. It is, therefore, strongly requested that this Bill may please be tabled before the Parliament for getting it passed now avoiding any further delay with some suggestions for improvement as under:-
1. First suggestion of improvement relates to Chapter II (Registration of Real Estate Project and Transfer of Immovable Properties), provision no. 3 (b) which implies that this bill would not be applicable to the projects where the promoter has sought all permissions and received all requisite approvals for the development of immovable property one year prior to the commencement of this Act. NEFOWA demands and suggests that this bill should be applicable to all the projects in which possession is yet to be given.
2. Second suggestion is with regard to provisions of Chapter II (Registration of Real Estate Project and Transfer of Immovable Properties) provision no. 5 which implies that Registration wouldn't be extended beyond two years. NEFOWA’s concern is: what if the builder fails to give possession to the buyer within that time. Therefore NEFOWA demands and suggests that Registration should be valid till one year after the possession which should be renewed by some competent authority every six months/one year after reviewing the project.
3. Third suggestion is with regard to provisions of Chapter II (Registration of Real Estate Project and Transfer of Immovable Properties) provision no. 4 (7) which confers powers of revocation of registration on the Authority. NEFOWA suggests and demands that after revoking the registration of a particular project, the Authority should ensure more safeguards for the buyers/investors and there should be provision of criminal proceedings against the builders also.
4. Fourth suggestion is made with regard to Chapter III (Obligations of Promoters and Allottee), provision no. 9 with regard to ‘Issuing of advertisement or Prospectus inviting bookings, advance or deposits’. NEFOWA suggests and
demands that the Prospectus of a project must contain names of promoters and the legal cases pending to the particular Real Estate firm, if any.
5. NEFOWA attracts the provisions envisaged in Chapter IV (The Real Estate Regulatory Authority) and strongly demands that the Authority should necessarily comprise the 50 % representatives of buyers to raise their issues.
6. In addition to all the above, there are many more suggestions with regard to the provisions of the draft Bill. NEFOWA is concerned with the interests of innocent buyers who are not part of any lobby but victims of their own fortune to say the least. Such suggestions include transparency in the working of the Authority, responsibilities of Govt. officials, and above all the accountability of the Authority towards imparting justice to the victimized buyers.
7. NEFOWA is concerned with the interests of innocent buyers in case of dispute with regard to the land acquisition involving Govt. and land owners which in turn lands the innocent buyers in trouble.
8. NEFOWA expresses its concern over the fact that along with the proposed Bill, various State laws related with real estate will co-exist. However, if there is too much inconsistency in the State legislation, they will have to amend their laws. There is no plan to include any provision of giving direction to the States under the Bill.
9. NEFOWA expresses its concern and demands that the interests of buyers need to be looked after and protected primarily as he is the last in leg of the subject matter of the area of function of the Authority. A standard format of the Builder-Buyer Agreement should be standardized by the Regulatory Authority to ensure removal of all one sided clauses to safeguard the interests of buyers.
10. The role of state govt. be also made accountable in so far as Registration of plots are concerned. It is often seen that number of advertisements are floated in nationalized newspapers, TV and other mediums by the developers with promises of "pakki registry" from the concerned office of sub registrar (a state govt. authority). However, once all the plots are sold to the middle class buyers who also pay the hefty registration charges to the state govt., the land owning agency comes into picture all on a sudden and demolishes the structures/houses made on such plots. The state govt. has to play a vital role for the safeguards of the interests of the buyer by keeping a check over such misleading advertisements in nationalized newspapers, TV etc. at the very outset of the launch of such illegal colonies. NEFOWA demands that once authority takes the money in the name of Registry (Stamps), then it should be his responsibility to check the Legal rights of the land. If the land is not legal, then Authority should refuse to register it. .
11. It is most often also seen that the buyers are lured to go for the projects by the developers/builders through ever chasing advertisements of the project in Newspapers, SMS, Phone calls and other mediums on daily basis. Meaning thereby that the before sale service is very good. But what about after sales service? NEFOWA demands that builders should fix a Builder-Buyer meeting every three months for under construction projects and ensure minimum 50% grievances resolved through mutual understanding of both the parties.
12. Another area of concern is the issue of resale of flat. If one buyer wants to resale his booking before the completion of the project due to unavoidable circumstances, most of the builders are not allowing resale of flats. Some builders are charging Rs.300/-to 400/- psf from such buyer for transferring name. NEFOWA demands that the Regulatory Authority should fix a uniform transfer charge on all such bookings/completed projects, so that builder’s monopoly can be checked.
13. The amendments are required in the age old Land Acquisition Act of the country also which is certainly a deterrent in so far as the total safeguards of the interests of the innocent buyers are concerned. The recent experiences of Greater Noida West makes us wary of the propositions of filing of litigation of compensatory claims at such a later stage when the interests of innocent buyers see-sawed overnight. It was noticed that some farmers even filed cases against
the acquisitions of 1990. NEFOWA demands that a time frame for filing of such cases against land acquisition in court be fixed so that the interests of further more people could be saved.
14. Last but not the least, NEFOWA demands instant step ahead for passing the draft Bill in the ongoing session of Parliament itself, avoiding any further delay. For, this Bill is going to be one strong step ahead in implementing the noble motive of it.
With all the above, NEFOWA is looking forward to see the Bill grow into an Act to institute a regulatory oversight mechanism for facilitating disclosure, fair practice and accountability norms in the real estate sector and providing an adjudication machinery for speedy resolutions of issues as well.
On behalf of NEFOWA (Noida Extension Flat Owners Welfare Association)
Dated: 24th February 2013CommentQuote0Flag
- Originally Posted by Johny123
The crowd seems very less.... this is sad part which even allowed Britishers to rule us for more than 300years.
Hmmmmmmmm it seems other buyers r not at all botheredCommentQuote2Flag