The government is committed to finding a solution for all affected homebuyers in Noida and Greater Noida, said Union Housing and Urban Affairs Minister Hardeep Puri on Monday.
Empowered Committee
The Minister said the Empowered Committee, under the chairmanship of the Housing and Urban Affairs Secretary, is expected to finalise its report shortly to resolve the problems of affected homebuyers of stalled housing projects.
“We are committed to finding a solution for all affected homebuyers,” Mr. Puri told journalists when asked about steps being taken by the government to resolve the issues of buyers.
Earlier this month, NBCC, which comes under the Ministry, told the Supreme Court that it was ready to “undertake” the projects of embattled real estate major Amrapali Group, which has failed to hand over possession of flats to around 42,000 buyers.
The apex court asked NBCC to place before it a “concrete proposal” within 30 days on how it proposes to complete the projects along with a timeline of work. The Centre has already introduced the Real Estate (Regulation and Development) Act, 2016, under which proper protection is provided to buyers.
So far, around 29,033 real estate projects have been registered under the RERA Act, while 22,568 real estate agents have been recorded under the law.
