Greater Noida panel to resolve disputes

09 Nov 2023 CW Team

The city, which is home to 191 residential complexes, sees frequent disputes between residents and representatives of builders or AOAs over matters like issuing NOCs or formation of apartment owners? associations (AOAs), that reach the Authority. To expedite the resolution of these logjams ? over non-issuance of no-objection certificates for transfer memorandum by the builder or AOAs to flat buyers, formation of AOA in a society, transfer of interest-free maintenance security (IFMS) funds of the society among others ? CEO Ravi Kumar NG has set up the panel. ?At present, AOAs and homebuyers walk into GNIDA office on all days and seek resolutions for their grievances instantly. The builders sometimes do not adhere to GNIDA?s decisions and create a difficult situation for all the parties. Sometimes, AOAs have vested interests and try to arm-twist builders. The present initiative is to put a stop to these issues,? Srivastava told TOI. The panel will also include officials from various departments of GNIDA, including the officer on special duty (OSD), manager of the builder's department, general managers of planning, project, and finance departments, legal officer and two members nominated by Confederation of Real Estate Developers? Associations of India (CREDAI), West UP. The committee will meet once a week to hear and resolve disputes. It will also have the power to impose penalties on builders or AOAs who do not comply with its decisions. The formation of the committee is a welcome move for residents of Greater Noida, who have long been frustrated by the lack of an effective mechanism for resolving builder-buyer disputes. The committee is expected to help reduce the number of disputes and to ensure that they are resolved quickly and fairly.

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