Greater Noida Authority to Crack Down on Builders Providing Possession Without Registry

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    In a bid to protect the interests of flat buyers who have invested their hard-earned money, the Greater Noida Authority is gearing up to take action against builders who hand over possession without completing the necessary registry process. The Authority, under the guidance of Ritu Maheshwari, CEO, recently conducted a project-wise survey in collaboration with Currie & Brown to identify such cases.

    According to Soumya Srivastava, OSD, Greater Noida Authority, the survey revealed that several builder projects in Greater Noida have residents living without a registry, as builders have failed to obtain occupancy certificates due to outstanding dues to the Authority. To rectify this situation, the Authority will issue notices to the builders of these projects.

    Srivastava emphasized that flat buyers cannot claim ownership rights until the flats are officially registered, regardless of whether they are already residing in them. The Authority expressed concern over builders providing unauthorized possession to buyers, and they are determined to take action against such practices.

    As part of the crackdown, Ritu Maheshwari instructed the builder department to cancel allotments for those builders who have not completed their projects and have not cleared their dues with the Authority. This action will result in the Authority taking possession of the vacant areas left by these builders.

    Also Read: Greater Noida Authority Launches Scheme for 22 Commercial Plots, Aims for Rs 1,100 Crore Revenue

    Conclusion: The Greater Noida Authority is taking a strong stance against builders who hand over possession without completing the necessary registry process. The move aims to protect the interests of flat buyers who have invested their money in these properties. By issuing notices and canceling allotments, the Authority is sending a clear message to builders that unauthorized possession and non-compliance with dues will not be tolerated. This step is expected to bring relief to affected buyers and ensure greater accountability within the real estate sector in Greater Noida.

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