200 Developers Instructed By GNIDA To Submit Project Details

200 developers have been asked to provide with the following project details by the Greater Noida Industrial Development Authority (GNIDA) –

•Total number of units which are unsold and sold
•The time which will be taken for phase-wise completion
•Details of finances
•Complete information about the size of the project
•The background and past of the developers
•Layout and map details and approval

In order to address the issues faced by the homebuyers since a long time, the Greater Noida Industrial Development Authority (GNIDA) has asked for all these details to be submitted by the developers by 8th May. The Noida Authority is also not left behind as it has also started to prepare a list of all the projects in Noida.

There are a total of 80 under-construction projects in Greater Noida and 86 under-construction projects in Noida which are delayed as per the schedule. The two biggest issues faced by the homebuyers is the constant delay in handing over the possession and inefficiency in providing the guaranteed amenities and facilities.

This action of seeking the details from the developers will be able to check the inconsistency in the development plans by the builders. The builders have been given a form which they have to fill with all the details mentioned and then return it.

The builder who is not able to provide with all these details will come under some action taken by the Authority. There are around 80 (approx.) such builders who have not even started with the construction process. Out of these 65 (approx.) are still lingering around obtaining the completion certificates and registries, while around 7 are still to pay the huge amount of outstanding dues. The Authority says that as soon as it will receive all the details by the developers, it will make a start taking actions.