Execution of over 1,000 flats’ registries held up by builders: Noida Authority

PTI

Noida, May 24

The Noida Authority said subleased deeds, or registries, of 1,097 flats in 21 group housing projects in the city can be executed, but have been held up by the real estate developers who are not getting the work done in favour of home buyers.

The projects are located in Sectors 75, 78, 121, 137, 144, 143B, 108, 168, and 107, the authority said on Tuesday, warning punitive action against the erring developers if the registries are not ensured. It released a list of 21 real estate projects in which registries of a total of 1,097 flats can be executed but are held up.

“The Uttar Pradesh Government has an objective of ensuring that maximum homebuyers get possession of their homes. To fulfil the objective, the Noida Authority has been running campaigns but still tripartite subleased deeds, or registries, in favour of homebuyers have not been executed,” the authority’s officer on special duty (group housing) Prasun Dwivedi said.

“Hence, the buyers of builder projects whose flats or towers have been granted permission for executing registries buyers after completion should contact their builder/developer to ensure execution of tripartite subleased deed, or registry of their homes,” Dwivedi added.

The OSD directed the builders to provide requisite facilities and support to the homebuyers so that maximum registries could be ensured. “In case of non-compliance, punitive action would be considered against builders/developers concerned in line with rules of land allotment and the RERA (Real Estate Regulatory Authority),” the officer warned.

The projects in which flats have been given nod for registry include those built by Aims Max Gardenia Developers (three projects in Sector 75), Apex Dream Home (Sector 75), Maxbliss Constructions (Sector 75), Aims RG Angel Promoters (Sector 75), and IVY County (Sector 121), among others.