The Greater Noida Authority has taken a proactive step to address disputes between residents and builders or apartment owner associations in the area. With approximately 200 societies in Greater Noida, conflicts often arise over issues such as non-issuance of no objection certificates (NOCs) for transfer memorandums, formation of Apartment Owners Associations (AOAs), and the transfer of Interest-Free Maintenance Charge (IFMS) funds within societies.
To swiftly resolve these concerns, the GNIDA CEO, NG Ravi Kumar, has established a nine-member committee. This committee, chaired by ACEO Saumya Srivastava, will convene on November 21, December 12, and January 3 next year to address these builders-buyers issues. The committee comprises members from various departments, including OSD Builders, planning, project management, finance, legal, and two nominees from CREDAI, a builders’ association.
Complaints from flat buyers and residents will be presented to this committee for resolution. Regular updates and details of the committee’s meetings will be communicated to the concerned homebuyers by the Greater Noida Authority. This proactive measure aims to foster a harmonious living environment and ensure swift solutions to disputes in housing complexes.
The real estate sector, traditionally a playground for high-net-worth individuals, is undergoing a transformation with…
Real estate experts highlighted that the strong response reflects the growing residential demand in the…
According to the company, Bagri brings extensive expertise in corporate finance, controllership, treasury, strategic planning,…
Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing personal finance by transforming how individuals…
Gross Development Value (GDV) is a critical metric in real estate development, representing the total…
'New Agra' is set to emerge along the Yamuna Expressway, approximately 190 km from Noida…
This website uses cookies.