Tag: Amitabh Kant committee recommendations

Latest StoriesRegulatory

U.P. Minister Takes Action Against Errant Noida Builders

LUCKNOW: Nand Gopal Gupta Nandi, the state’s industrial development minister, urged officials on Tuesday to take stringent measures against builders who default on their obligations and expedite the resolution of issues between builders and buyers in Noida. He also raised concerns regarding alleged irregularities in project allocations and civic contracts. During a review of various projects under the Noida Industrial Development Authority, Nandi emphasized the need to resolve stalled housing projects and pending flat registrations promptly. Officials informed him that 57 projects were now governed by the policy framework established by the Amitabh Kant Committee, with 36 builders having deposited…

IndustryLatest Stories

Noida Builders Push for Rehab Policy Amid Sports City Stalemate

NOIDA: Developers are calling on the UP government to establish a rehabilitation policy akin to that of stalled group housing projects, in order to break the deadlock surrounding Sports City. This request is based on the recommendations from the Amitabh Kant committee. The builders propose to settle their recalculated dues by paying 25% within 60 days and the remainder over a three-year period. This appeal is particularly significant as over 8,000 residents currently occupy homes in Sports City across sectors 78, 79, and 150, with another 20,000 awaiting possession. Credai (Western UP), representing builders, emphasized that although Sports City developments…