35 Town Homes villas set for handover, Kosmos towers next
The Noida Authority on Wednesday said Jaypee Infratech Ltd has applied for completion certificates of 35 villas in the Town Homes project located in Wish Town, Sector 128. The builder has also promised to submit another application to Noida Authority in the next fortnight for obtaining completion of five towers in the Kosmos project located in the same area. Of the 32,000 units in 27 projects of the builder, Noida Authority has so far given completion certificates to 7,073 units.
According to the officials, the realtor had applied for completion for the 35 villas located in Town Home project a week ago. A K Misra, chief architect planner, Noida Authority, “We are yet to carry out the inspections. My department is verifying the details in the completion application and is ensuring all the NOCs are in place. Once we are sure about the documents and we know that the dues owed to the Authority are clear, our teams will carry out site inspections to ensure all facilities as per our checklist are in place before we issue the certificate of completion,” he explained.
Mishra further said the builder has assured them of submitting the application for completion of another five residential towers in Cosmos project with the next 15 days. “We do not know the exact number of residential flats in these towers. Once we have the application, we will know the number. We expect this application in another 15 days. After we receive it, we will start processing it,” he said.
Earlier in July, the Authority had issued completion to 1,000 units in nine towers in three projects including Jaypee Aman, Jaypee Cosmos and Jaypee Klassic, all of which are located in the Jaypee Wish Town project.
Builders should now be able to hand over possession of these units so that home owners can get their registries done. Amit Mohan Prasad, Authority CEO, said, “The builder is likely to hand over possession of another 500 units in September. This process will continue and buyers need not panic. I have asked the builder to make sure that the construction work in the township across 27 projects does not stop and the units are completed. The builder has assured us that 5,000 workers are carrying on the construction work at the township and work will not get affected by the proceedings of National Company Law Tribunal (NCLT) under the insolvency and bankruptcy code.”
Meanwhile, chief minister Yogi Aditya Nath constituted a three-ministerial panel in Lucknow on Tuesday to address issues of the homebuyers and builders.
The panel members include Satish Mahana, industrial development minister; Suresh Rana, sugarcane development and sugar mills, industrial development (MoS) independent charge; and Suresh Khanna, minister for legislative affairs, urban development, Sahari Samgra Vikas. The three ministers will be in Delhi to find solution to the problem.