Noida: The Gautam Budh Nagar district administration has got the Amrapali group to submit a detailed plan of execution of all its 11 real estate projects which are in different stages of completion. The district magistrate, N P Singh, told media that the administration shared the realty group’s plan with homebuyers’ representatives and listened to their responses on Wednesday.
The administration’s intervention follows the report in TOI on the homebuyers of 11 Amrapali group projects joining hands to stage a massive rally in the city on October 22. The administration office has now demanded that the buyers bring all their demands to the table, so that agreement could be reached with the builders on delivery. DM Singh said the administration felt the need to intervene in the issue to protect citizens’ rights and to maintain law and order. “The buyers might need to create an escrow account with the builder so that the builder could complete the projects and hand them over. The objective is to dissolve the buyer-builder deadlock,” Singh said.
Credits Times of India