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Noida Authority, Real Estate News, ET RealEstate


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NOIDA: The Noida Authority on Friday called on authorities to ensure that developers of collective housing projects in the city hand over responsibility for public spaces and amenities to apartment owners associations (AOA) by September 30.

Noida Authority CEO Ritu Maheshwari released the directive after a meeting here on builder-buyer issues with AOAs and real estate developers, including Supertech Group, Mahagun Group, Prateek Group, ATS, RG Residency, Sunshine Infrawell and Perfect Propbuild.

“During the meeting, it emerged that the promoters of several projects had not yet completed the process of handing over companies to AOAs. In some cases, the interest-free maintenance and security (IMFS) funds have not been returned to the AOAs, ”the authority said in a statement.

“In some cases the maintenance works in the projects are not completed while in others the sewage treatment plants (STP) are not functional. It has also appeared that in some projects, charges for water and sewer facilities are pending, ”he said.

In view of the above, Maheshwari asked officials to communicate with builders and ensure that companies are handed over to AOAs by September 30 in projects for which AOAs have been established, he said. he declares.

“If there is non-compliance by the builder, the CEO has ordered legal action against them and seals their unsold stocks. In projects that do not have a STP, public spaces and clubs should be sealed so that untreated waste does not reach the drainage system, “the statement said.


Tags : real estate
Mary Cashion

The author Mary Cashion