Propmyna Khabri

posted on 9 Apr

Noida Authority to Name and Shame Defaulter Builders

Heads up, Noida folks! The Noida Authority is putting up public notices outside projects with major unpaid dues, like Lotus Panache (Lotus Group) and Granite Gate Properties. This could seriously impact project timelines and deliveries. Are you a buyer in Noida? Share your experiences and concerns about builder delays and how this might affect you.

#Noida#legal#government-policy

Comments

Kavya Tandon10 Apr

This is a wake-up call for all of us. We need to be more aware and more cautious when investing in real estate.

Asha Shenoy10 Apr

What's the next step? Will the Authority actually take action or is this just a publicity stunt?

Nitin Bansal10 Apr

I think this will definitely impact the reputation of these builders. People will think twice before investing in their projects.

Varsha Joshi10 Apr

Hopefully, this will force the builders to expedite construction and deliver the flats on time. But I'm not holding my breath.

Tarun Patel10 Apr

Let's see what happens next. Fingers crossed!

Karan Bedi10 Apr

I bought in Noida Extension 5 years ago. Still paying EMI and rent. It's a huge financial burden.

Arjun Gupta10 Apr

The Noida Authority needs to be held accountable too. They approved these projects in the first place!

zoya.shaikh.12310 Apr

True! They should have done their due diligence before approving the plans.

Sameer Khanna10 Apr

Be careful everyone. Do not trust any builder blindly. Check their background, their financials, everything!

Debika Banerjee10 Apr

This is a good first step, but the Authority needs to do more than just put up notices. They need to actively help buyers get their flats or their money back.

Ganesh Pillai10 Apr

I'm a tenant looking to buy. This news is making me rethink my plans. Maybe I should just stay put for now.

Ananya Chatterjee10 Apr

Possession mila kya kisi ko Lotus Panache mein? Seriously asking. Koi toh batao!

ananya_bhatia_45610 Apr

Not yet, bhai. Still waiting. They keep giving excuses.

smita_kulkarni_12310 Apr

My cousin got possession, but the amenities are not complete. No clubhouse, no swimming pool. Half the things are missing.

Hardik Pandya10 Apr

Heard the new registry rules are also causing delays. Something about the circle rates being increased.

deepika-malhotra-78910 Apr

Yeah, the circle rate increase is affecting everyone. Makes buying more expensive.

karan_verma_mumbai10 Apr

Exactly! And the builders are passing on the cost to the buyers. Double whammy!

Tarun Patel10 Apr

Sector 150 is still booming, right? Heard the prices are crazy now. What's the average rate?

zayn.malik78910 Apr

Yeah, Sector 150 is hot. Avg rate is around 7k-8k per sqft, depending on the project and location. New metro line is helping.

harshpatel.202410 Apr

U16, but be careful even in Sector 150. Some projects are delayed there too. Don't just go by the hype.

Aarav Mehta10 Apr

My friend booked a flat in Supertech Emerald Court. We all know what happened there. Demolished! So sad for those buyers.

Zoya Shaikh10 Apr

I bought a flat in Jaypee Greens in 2012. Still waiting for possession. Court cases, bankruptcy... it's been a nightmare. I feel for anyone going through this.

sameer_khanna_delhi10 Apr

U10, OMG! That's awful! I hope you get your flat soon. Jaypee is a classic example of builder fraud.

kavya.tandon.jaipur10 Apr

Jaypee is a cautionary tale. Always do your due diligence before investing, people!

Asha Shenoy10 Apr

Anyone knows the RERA registration number for Lotus Panache? I want to check the status.

varsha.joshi3810 Apr

Thanks! Will do. This is so stressful. I am planning to buy in Noida but scared now.

nitinbansal202410 Apr

UPRERAPRJ4888. Check the RERA website. Everything is online.

Ganesh Pillai10 Apr

Finally! Some action. These builders think they can get away with anything. Good job, Noida Authority! But will it actually work? That's the question.

Ananya Chatterjee10 Apr

Lotus Panache? Again? Bhai, this is like the 10th time I've heard about their delays. Unbelievable. I was considering investing there a few years back, thank god I didn't.

Ananya Bhatia10 Apr

Granite Gate? Never heard of them. Which sector mein hai? Anyone know?

smita_kulkarni_12310 Apr

Sector 75, I think. Near the metro station. Heard mixed reviews.

hardik.pandya10 Apr

Yeah, Sector 75. My friend booked a flat there 5 years ago. Still waiting for possession. Avoid!

Deepika Malhotra10 Apr

This is good news, but I'm skeptical. How much will this 'name and shame' actually impact them? They'll probably just ignore it and keep delaying.

karanbedi10 Apr

Agreed. Authority needs to be stricter. RERA bhi kuch nahi kar pa raha hai effectively.

arjun.gupta78910 Apr

U6, I think it might impact their future sales. Who would want to buy from a builder who's publicly shamed?

karan_verma_mumbai10 Apr

Exactly! It's all showbaazi. They need to hit them where it hurts - fines, jail time, something real.

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