Developers Warned By YEIDA To Stop Illegal Selling Of Flats

Strict action will be taken against the builders who are involved in illegal selling of flats and taking money from homebuyers, as announced by the Yamuna Expressway Development Authority (YEIDA).

An order has been issued stating that if the builders do not stop selling flats which are a part of unapproved or illegal project, YEIDA will be forced to take some legal actions against such builders. This order being passed is a consequence of many homebuyers being cheated by developers in residential projects.

All the officials of the three authorities – Greater Noida, Noida and Yamuna Expressway- have been strictly instructed by the Chief Minister, Yogi Adityanath, that homebuyers should not be exploited or should not face any kind of duping by the builders.

The notice which the CEO of YEIDA has issued strictly warns the builders to stop the practice of selling flats of whose building maps are not properly approved by the concerned authorities. It is completely illegitimate to sell flats without the building layout map being approved.

The builders and developers have also been instructed by the authority to provide all the details of the flats that have already been sold off.  They have to give information regarding the amount of money they have collected till date from the homebuyers. This is because the Yamuna Authority doesn’t want the homebuyers to keep spending money in projects that have not even received approval from the concerned authorities.