Noida Plot Owners Protest Delays in Possession, Eight Years Post Registry

18 Jul 2024 CW Team

In Noida, plot owners have voiced their frustration as they continue to await possession of their properties, even eight years after completing the registry process. The prolonged delay has prompted protests among affected owners, highlighting systemic issues in the real estate sector.

Many plot owners, who completed their property registries several years ago, have expressed dismay over the lack of progress in handing over possession. They cite various reasons for the delays, including legal disputes, incomplete infrastructure development, and bureaucratic hurdles.

The protest underscores a broader issue of delayed delivery in the real estate sector, affecting not only individual homeowners but also impacting investor confidence in the region. Owners affected by the delays have emphasised their financial strain and the uncertainty caused by the prolonged wait.

Authorities in Noida have acknowledged the grievances raised by plot owners and have pledged to address the issue promptly. They have assured affected parties of swift action to resolve pending possession matters and expedite necessary approvals for completion certificates.

The protest by plot owners in Noida serves as a poignant reminder of the challenges facing the real estate sector, particularly concerning timely delivery and transparency in property transactions. Efforts are underway to streamline processes and restore trust among stakeholders, aiming to mitigate delays and ensure smoother handovers in the future.

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