Friday, 24 March 2017

Owners of residential property in Noida urge UP’s new CM to revoke diluted RERA rules

http://www.propchill.com/projectlist/real-estate-property-in-noida


Home buyers have appealed to Yogi Adityanath, the fresh appointed chief minister of Uttar Pradesh, to revoke the diluted land regulative Act (RERA) rules notified by the erstwhile government of the state and notify fresh rules in lines with the rules set by the Centre.

While home buyer's body Noida Extension Flat homeowners Welfare Association (Nefowa) has already written a letter to the UP chief minister these days, with RERA being one of their major demands, another association Fight for RERA had tweeted to the CM on 19th March with its demands and is additionally writing a letter to apprise him of things, that it intends to dispatched during this month. If this happens then, it would provide a major boost to the Property in Noida.

The president of Nefowa stated that the RERA rules in UP ought to be notified with none dilution and therefore the real estate authority ought to be established in a very clear and timely manner.

Massive mandate for BJP in Uttar Pradesh has raised hopes and expectations of the homebuyers across the nation. Revoking the principles won't solely boost the feelings of homebuyers across the country, however, also will boost the belief of voters on Prime Minsiter generally and your Government specially.

Nefowa in its letter has additionally demanded audit of the Noida and bigger Noida Authorities by the (CAG) and investigation of the corrupt officers by the Central Bureau of Investigation (CBI). The authority has further asked the UP CM to get rid of the entire senior and junior officers of Noida and Greater Noida Authorities as they have worked for the builders in noida more than home buyers.

The association has additionally urged Adityanath to instruct the builders to expedite project in noida construction, strictly follow the UP Apartment Act and provides compensation for delay to the buyers. The Real Estate (Regulation & Development) Act, 2016 was notified by the ministry of housing & urban poverty alleviation (HUPA) on May 1 last year for the six Union Territories while not assembly. The HUPA rules additionally can act because of the model rules for different states.

While Uttar Pradesh was the primary among the states to notify this rules, it diluted the Act taking many in progresses projects comes out of regulative body’s purview additionally as decreasing the penalty for offences.
Prime minister Narendra Modi recently had raised the difficulty of the many homebuyers in NCR being duped by the builder lobby United Nations agency don't deliver the flats on time at his Ghaziabad rally for UP elections. The new elected CM of UP from his party has the responsibility to keep the faith of the home buyers in the state. Hope this will provide some respite to the individuals who plan to buy flats in Noida.

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