Project Details Now Just A Click Away For Noida Home Buyers
In a move that may revive the real estate sentiment by infusing transparency, the Noida Development Authority has started uploading details of real estate projects on its website. Now, a home buyer can access www.noidaauthorityonline.com and get to know about the status of his apartment. The absence of a platform to get details of projects had so far resulted in flat buyers facing many troubles.
The authority has already uploaded the details of 38 projects which were granted completion certificates between August 25, 2015 and March 10, 2016.
Home buyers have been advised not to accept possession of those flats that have not yet been granted completion certificates by the authority.
A look at the loopholes this online system would plug, apart from making lives of home buyers easy:
- Under pressure to deliver projects on time, developers used to hand over possession to the customers without obtaining completion certificates. Residing in such projects puts your safety to risk, as it is not clear whether or not the developer has followed the safety guidelines.
- There have been cases where projects have been given for possession while construction work continued within the premises. This exposed children and the residents to dangerous construction work and related hassles.
- In mega townships projects, developers used their partial completion certificates to sell the entire project. The Noida Authority has also effectively curtailed this discrepancy by including specific project details. The portal also mentions whether the property is fully completed or only partially completed.