GHAZIABAD: Prime Minister Narendra Modi harped on the challenges faced by homebuyers of NCR during the course of his speech in Ghaziabad on Wednesday by pointing out the irregularities prevailing in the housing sector.
“Whoever wants to reside in Delhi heads towards Noida and Ghaziabad for a home. Homebuyers invest their life’s savings in flats in the region. But many of them are duped by the builder lobby who do not hand over the flats on time. The flats are sold to whoever offers more money. In many cases, the flats that are delivered are not built according to plan,” Modi said.
He said Ghaziabad is adjacent to Delhi and should have been planned and developed like a big city. “It was the responsibility of previous governments to make necessary laws for middle-income homebuyers. Our government at the Centre brought the Real Estate Regulation Act soon after coming to power,” the PM said.
Credits ET Realty