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Greater Noida Authority permits registry of 5,200 flats across 19 projects

Priya Singh | 2023-12-11

The registration of 20,000 more flats is likely to be permitted by the Authority in two-three months, and discussions regarding the same are already underway.
The Greater Noida Industrial Development Authority (GNIDA) has permitted the registration of around 5,200 flats in 19 projects. These registrations are pending because of several issues, including builders’ dues, non-issuance of occupancy certificates (OCs), non-completion of projects, etc., people aware of the matter said.
They also said that registration of as many as 20,000 more flats is likely to be permitted by the Authority in a few months, as meetings in this connection are being held with the concerned stakeholders, including developers and homebuyers.

A GNIDA official said, on condition of anonymity, that the Authority is of the view that homebuyers should not suffer, hence it has permitted the registrations.
Apart from this, the Authority is also preparing a report on stuck projects based on the recommendations of the central government-appointed Amitabh Kant committee, to further resolve issues pertaining to builders’ dues and benefit homebuyers. The report will be submitted to the state government for due action, the official said.
Representatives of the Confederation of Real Estate Developers' Associations of India (CREDAI), Western Uttar Pradesh, said that registrations of all 5,200 units will be executed before the festive season kicks in in October.