Yogi Adityanath government planning legal action against builders
UP CM Yogi Adityanath led state government is likely to take legal action against developers who have diverted funds collected from buyers. According to media reports, a senior official at the Greater Noida Authority has confirmed that UP CM has directed to address issues of home buyer and those developers who have diverted funds collected from buyers will face legal action.
Reportedly, the authority is likely to hire a private agency to find out whether builders have diverted funds and the reasons for delay. “If survey finds out builders are guilty, then law will take its own course,” the official said, adding that buyers have accused builders of diverting funds collected from them. Currently, about 203 housing projects are being constructed in Greater Noida.