Over 30,000 buyers who have invested in Jaypee group are crying foul. Stranded for years, their wait just doesn\'t seem to end any time soon. We have been relentlessly raising the issue of chronic delays for the past 3 years and in our continuing effort, Chanakya Bhatia yet again attempts to shake the developer out of the slumber.
Around 300 homebuyers on Monday created a ruckus at the Indira Gandhi Kala Kendra in Sector 6 on Monday after Jaypee Group chairman Manoj Gaur and director Sameer Gaur failed to not turn up on time at the tripartite meeting organised by the Noida authority. The buyers simmered down only after Sameer Gaur put in a late appearance, which had the authority ACEO Shishir Singh pulling up the builder for “being insensitive to buyers’ issues”. The authority since April 10 has been organising meetings of buyers and builders to address realty sector issues, following instructions from chief minister Yogi Adityanath. Jaypee Group homebuyers, who have bought flats in the delayed Jaypee Wish Town and Jaypee Aman housing projects, gathered at the Sector 6 office as per schedule at 12:30am for the meeting. But neither Manoj Gaur nor Sameer Gaur turned up till 1pm. Later they informed that they will not take part in the meeting as they are busy with office meetings. This infuriated the buyers, who started shouting slogans against Jaypee Group. They stopped only when Sameer Gaur reached the meeting late. Buyers agreed to remain quiet only after Noida authority ACEO Shishir Singh pulled up Gaur for reaching late. “This is disrespect to UP chief minister Yogi Adityanath’s orders, because he is the one who directed officials to organise these meetings. Now, the Jaypee Group is not bothered to attend the meeting. All builders has attended the meeting and reached on time. We do not trust the Jaypee Group because they have delayed the project for 3-4 years and siphoned off the money collected from buyers,” said Umesh Saini, a homebuyer. SK Nagrath, president Jaypee Aman buyers’ welfare association, said,“The UP government and the Noida authority should confiscate Jaypee Group properties to arrange funds for delivering stuck realty projects. The Jaypee Group does not have any plan to deliver these projects. It is high time the builder is put behind bars and the government took over the project.” Jaypee Infratech has only given possession of 6,000 of 28,000 flats. It had promised give possession of 6,000 flats by October 2017, another 8,000 flats by 2018 and the remaining flats in 2018-19. “We no more trust the Jaypee Group because they keep making false promises,” said Sachin Sharma, a buyer. ACEO Singh directed the Jaypee Group to submit tower-wise delivery schedule within the next 10 days. The authority also said another meeting will be held once Jaypee arranges funds. “We will manage Rs 800 crore by selling our cement plant. We will arrange Rs 1,200 crore from toll operations on the Yamuna Expressway. We have already given the delivery schedule of 17 towers on April 29. We are raising working capital to finish the project. We have not siphoned off any money. We are open to probe by any agency,” said Sameer Gaur, director, Jaypee Group. He said he will arrange Rs 1,800 crore by June 30. “Homebuyers can have a meeting with the builder once they arrange Rs 1,800 crore,” Singh said. http://www.hindustantimes.com/noida/noida-jaypee-director-turns-up-late-for-meeting-with-buyers-draws-authority-ire/story-8zqxpehl9l2ZSF9h15U4oN.html
Industries minister Satish Mahana assured builders of necessary help to finish stuck projects but warned them of stern action if they fail to deliver flats to buyers. A delegation of homebuyers and realtors on Thursday met Mahana separately at the Sector 6 administrative building. “We will provide help to builders so that they can deliver flats to homebuyers. We will not provide undue help to builders. If they do not deliver, we will do what they haven’t expected us to do,” the minister said. Homebuyers demanded action against builders who have delayed delivery of flats. They also demanded that the Noida and Greater Noida authorities ensure realtors deliver flats without further delay. A delegation of 30 homebuyers met the minister. Another group of around 50 homebuyers in Amrapali Zodiac and Unitech’s Unihomes protested at the Noida authority office because the minister refused to meet them. However, a delegation of five protesters was later ushered in by Santosh Kumar, an officer on special duty. Chief minister Yogi Adityanath had directed the industries minister and officials to address homebuyers’ issues at the earliest. “We briefed the minister about harassment of buyers by PAN Oasis builder for many years. It had allowed possession in an incomplete building and used poor construction material. Our builder has violated sanctioned building plans and constructed shops on the green area,” Kapil Kumar, a PAN Oasis buyer, said. Noida authority chairman-cum-principal secretary for industrial development department Alok Sinha and chief executive officer Amit Mohan Prasad were also present. “Jaypee Infratech was supposed to give possession by 2011 in Aman housing project but the construction has been stopped for several years now. The UP government should seize Jaypee’s assets to finish stuck projects. Only holding meetings will not help,” said SK Nagrath, president of Jaypee Aman flat buyers’ association. In the meeting, realtors asked the minister to ensure that the state government waives off interest for the periods when construction was halted due to National Green Tribunal order and during a dispute over land. “The Noida authority and the Uttar Pradesh government should waive off interest so that realtors are in a position to deliver projects,” said Anil Mithas, CMD of Unnati Fortune Group. Supertech, Jaypee Infratech, 3C Group and ABA Corp, among others, met with the industries minister. “If the authority waives the interest, we will deliver projects with the help of escrow accounts, which will ensure that buyers’ funds cannot be diverted and is spent solely on finishing the housing project,” Vidur Bharadwaj, director of 3C, said. However, Mahana said they will waive interest for a 77-day period for 105 projects when NGT had stopped construction. http://linkis.com/hindustantimes.com/1sIQW
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