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This is an archive article published on November 8, 2023

Greater Noida Authority sets up 9-member panel to resolve builder-flat buyer issues

A nine-member committee under the chairmanship of Greater Noida Authority Additional CEO Soumya Srivastava will resolve disputes between builders or apartment owner associations and flat buyers quickly.

greater noidaThe nine-member committee under the chairmanship of Additional CEO Soumya Srivastava has been formed to resolve the disputes quickly, the official added. (Representational/Express File Image)
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Greater Noida Authority sets up 9-member panel to resolve builder-flat buyer issues
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Greater Noida Authority CEO N G Ravi Kumar on Wednesday constituted a committee to resolve disputes between builders or apartment owner associations (AOAs) and flat buyers in Greater Noida.

The committee will look into issues like non-issuance of no objection certificates for transfer memorandum by the builder or AOA to the flat buyers, formation of AOA in the society, transfer of interest-free maintenance security (IFMS) fund of the society etc, officials said. The committee will meet on November 21, December 12 and January 3 next year.

“About 200 housing societies have been developed in Greater Noida. There are many societies in which disputes arise between residents and representatives of the builder or apartment owner associations. As disputes increase, complaints reach the Authority,” an official said.

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The nine-member committee under the chairmanship of Additional CEO Soumya Srivastava has been formed to resolve the disputes quickly, the official added.

“The remaining eight members have been nominated, which include the officer on special duty, builders; general manager, planning; general manager, project; general manager, finance, in-charge, Legal; manager, builders; and two members nominated from CREDAI. This committee will meet and resolve disputes…,” the Authority said.

Information about the meeting will be sent to flat buyers, the official added.

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