Special Registration Camp Generates Rs 2.4 Crore for 81 Flats in Noida

21 Oct 2024 CW Team

Homebuyers receiving their registration papers expressed joy, describing the experience as an early Diwali celebration. Nikhil Singhal, president of the Eldeco Aamantran apartment owners' association, noted that construction began in 2006-07, with possession starting in 2019. Of the 1,260 flats across 14 towers, 950 were registered, while 310 registrations remained pending due to unpaid dues to the Noida Authority.

Singhal stated, “We met with CM Yogi Adityanath twice, and he assured us the issue would be resolved.”

BS Verma, assistant inspector general of stamp and registry, emphasized the camp's purpose: “Following the state government's orders for doorstep property registrations, we organized this camp to assist flat buyers who have paid their dues but waited years to complete registration. We will conduct more such camps in the future.”

Residents, relieved by the progress, echoed sentiments of joy. Kavita Singh, a homebuyer, remarked, “We moved in after paying dues but could not complete registration due to pending payments by the developer. Without registration, it did not feel like we owned the flat.” Another resident, Pooja Mehta, shared, “I booked a flat two years ago and was waiting for registration. This camp feels like a Diwali gift.”

Sandeep Tandon, AGM of the Eldeco Group, confirmed that the developer had paid Rs 50 million in dues to the Noida Authority and plans to hold another registration camp after Diwali. Officials clarified that Eldeco Aamantran did not qualify for the rehabilitation package due to its low dues. Only 29 out of 57 defaulting projects in Noida accepted this package, which offers two years of relief on interest and penalties for developers impacted by the COVID-19 lockdowns.

The stamps and registration department hosted a special camp at Eldeco Aamantran, Sector 119, successfully registering 81 flats and generating revenue of Rs 24 million. The camp was organized following the Uttar Pradesh government's directive to facilitate doorstep property registrations, despite the developer opting out of the rehabilitation scheme for stalled projects due to relatively low dues. Homebuyers receiving their registration papers expressed joy, describing the experience as an early Diwali celebration. Nikhil Singhal, president of the Eldeco Aamantran apartment owners' association, noted that construction began in 2006-07, with possession starting in 2019. Of the 1,260 flats across 14 towers, 950 were registered, while 310 registrations remained pending due to unpaid dues to the Noida Authority. Singhal stated, “We met with CM Yogi Adityanath twice, and he assured us the issue would be resolved.” BS Verma, assistant inspector general of stamp and registry, emphasized the camp's purpose: “Following the state government's orders for doorstep property registrations, we organized this camp to assist flat buyers who have paid their dues but waited years to complete registration. We will conduct more such camps in the future.” Residents, relieved by the progress, echoed sentiments of joy. Kavita Singh, a homebuyer, remarked, “We moved in after paying dues but could not complete registration due to pending payments by the developer. Without registration, it did not feel like we owned the flat.” Another resident, Pooja Mehta, shared, “I booked a flat two years ago and was waiting for registration. This camp feels like a Diwali gift.” Sandeep Tandon, AGM of the Eldeco Group, confirmed that the developer had paid Rs 50 million in dues to the Noida Authority and plans to hold another registration camp after Diwali. Officials clarified that Eldeco Aamantran did not qualify for the rehabilitation package due to its low dues. Only 29 out of 57 defaulting projects in Noida accepted this package, which offers two years of relief on interest and penalties for developers impacted by the COVID-19 lockdowns.

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