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Uttar Pradesh panel to come up with ‘possible solution’ - Mr Mishra

Infra News - Published on Thu, 12 Jul 2018

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Financial Express reported that the empowered committee set up by the Uttar Pradesh government to look into the problem of stalled real estate projects is likely to come up with a ‘possible solution’ in next 6 months. “Government is for the homebuyers. We want to relieve the home buyers and we are likely to come up with broad guidelines to solve this problem,” secretary of housing and urban affairs Mr Durga Shankar Mishra told reporters after chairing the second meeting of the empowered committee.

The meeting was attended by representatives of home buyers, builders body Credai and Naredco, officials from Noida Authority, Greater Noida Authority, Yamuna Expressway, NBCC chairman Anoop Kumar Mittal, bankers, state and central government officials.

Mr Mishra said that “All the stakeholders put forward their problems… Now, I will meet all the stakeholders separately.”

He said that there are 2.5 lakh housing units which have been delayed in the Gautam Budh Nagar in Uttar Pradesh. Homebuyers have said that they are ready to pay the pending amount but will not pay anything extra while the bankers have urged the government to create stressed funds. The various authorities have already audited accounts of builders who have delayed possession to home buyers.

He added that “There is some possibility but the authority said that they need to look at each case separately and study them.”

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Posted By : Nanda Koijam on Thu, 12 Jul 2018
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