Jaypee Wish Town residents protest over ‘insurance fee’ in maintenance bill – ET RealEstate

NOIDA: Residents of Jaypee Wish Town staged a protest on Saturday against the developer for raising an “insurance fee”, clubbing it with this year’s quarterly maintenance bill and deducting the entire amount from pre-paid electricity meters without their consent.

The Jaypee management, however, claimed that ‘insurance’ is a component mentioned in the maintenance agreement with buyers.

Around 10am, more than 150 residents gathered on the Wish Town campus and protested against the “hiked” upkeep bills. The residents claimed that depending on the size of their flats, they were charged anywhere between Rs 500 and Rs 1,500 under the insurance head for the January-March quarter.

According to the residents, insurance is one of the three components which has been merged with maintenance and deducted in one go from their pre-paid electricity meters. Earlier, the developer used to raise quarterly upkeep bills only under two heads — maintenance and solid waste.

Sanjay David, a resident, said, “This quarter, the residents were compelled to pay maintenance charges ranging between Rs 9,000 and Rs 20,000 — a 50% year-on-year increase. This amount also includes the Rs 500-Rs 1,500 insurance fee.”

“What’s shocking is that the entire upkeep fees have been deducted from pre-paid meters and that too, without our consent,” he added. And those who did not have sufficient balance in their pre-paid meters, residents alleged, the maintenance office had abruptly disconnected the power supply to their flats.

Some 10,000 families live in Wish Town currently.

The maintenance of Jaiprakash Associates Limited flats are currently done by the builder himself.

Ajit Kumar, an advisor to Jaypee group, told TOI, “We have insured the properties of Wish Town — mainly the towers and the common areas against damage — and have been paying premium for the past five years. The cost of the insurance has now been passed on to the residents as per the maintenance agreement. We met the buyers on Saturday and asked them to meet us on Monday again for some negotiations.”

Residents said they had approached the Noida Authority on the hidden costs. “We have already submitted a written complaint to Noida Authority CEO Ritu Maheshwari,” said Tyagi. Noida CEO Maheshwari said, “I am not aware of this case.”



Source link

About 440 residential plots up for grabs near Jewar airport – ET RealEstate

GREATER NOIDA: Those looking to own a house close to the upcoming international airport in Jewar can now do so as the Yamuna Expressway Authority has launched a residential plot scheme.

Taking note of the demand for smaller plots, the Authority has floated a total of 440 residential plots measuring about 300 sqm. Earlier this week, the Authority launched some 367 industrial plots.

Officials said people will have time up to March 30 to apply for the residential plots. “Post-applications, the documents will be scrutinised. Allotment will be done through a draw of lots on May 5,” said YEIDA CEO Arun Vir Singh.

Sharing more details, the Authority officials said that the maximum number of plots (117) launched in the scheme admeasure 120 sqm. While plots measuring under 200 sqm will be available at the rate of Rs 16,870 for a sqm, the bigger ones will be offered for Rs 16,550 per sqm. The plots will be situated in sectors 17, 18, 20 and 22D along the Yamuna Expressway.

The industrial plot scheme will draw to a close on March 20 and allotment will be done through a draw of lots on April 15.

Industrial plots are being offered in Sector 33 for toy manufacturers, handicraft, handloom and furniture companies in Sector 29 and general industries or startups in sectors 32 and 33. Industrial plots will be allocated at the rate of Rs 6,670 a sqm.

While 24 plots are being offered in Sector 33 for toy manufacturers, YEIDA has earmarked 47 plots in Sector 29. Maximum number of industrial plots (296) will be available in sectors 32 and 33 to open general non-polluting industries.

YEIDA will develop the area and apart from constructing external and internal roads will also provide electricity connection, water connection, sewerage line and drainage system in the locality.



Source link

Construction work of Jaypee Greens Knight Court resumes – ET RealEstate

NEW DELHI: More than 300 homebuyers of the project Jaypee Greens Knight Court of Jaiprakash Associates (JAL) will have a sigh of relief now as finally the construction work at the site of their project has resumed.

The total cost of completing the remaining work of this project comes to Rs. 145.5 crore out of which Rs. 40.85 crore will be contributed by the promoter and Rs 103.35 crore by the allottees.

The project will be completed now within 15 months which had been stalled since the year 2014 and the registration date of the project had lapsed in December 2020. The project is a multi-tower group housing development project located in Sector 128, Noida, district Gautam Buddh Nagar has eight towers and there are 310 allottees. Not more than 60% of the project work had been completed before it got stalled for a variety of reasons.

Rajive Kumar, chairman, UP-RERA said, “The Authority is hopeful that many stalled projects will be completed under this win-win partnership for both homebuyers and promoters.”

Earlier on January 29, 2021 the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) had ordered the promoter with the consent of the association of allottees of the project to undertake the completion of the remaining development to protect the interests of the allottees.

“Authority is in frequent touch with promoters and allottees of such projects. They may approach the Authority for guidance and working out an appropriate mechanism for their completion of such projects,” said Balvinder Kumar, member, UP-RERA.

The Authority has decided to closely monitor the progress of this project through the ‘Project Advisory and Monitoring Committee’ established under the chairmanship of Kumar with CEO NOIDA, Finance Controller, Technical Advisor, NCR Conciliation Consultant, Consultant Project Management Division, concerned Bank/Financial Institution and the AOA as members. The committee will review the progress on monthly basis and report to the authority.

UP-RERA has undertaken close technical and financial study of such projects which are delayed or stalled for any reason and has been continuously exploring the possibility and devising an appropriate model to facilitate completion of such projects by taking both the promoter and the allottees on-board.



Source link

Noida: Elegant Ville’s builder puts stickers over lift cavities to make the area safe – ET RealEstate

Representative Image

GREATER NOIDA: Around 150 families residing at Elegant Ville in Noida Extension woke up to a surprise as the builder responded to their appeals for a second lift by sticking a life-size ‘lift’ sticker to cover the gaping cavities residents had pointed out were a safety hazard.

Around 600 flats in the project are incomplete and out of six towers, the project has only three complete towers. The three towers of the project where buyers have got possession are currently serviced by only one lift each tower. The project consists 750 flats of which around 150 are occupied since 2017 — the residents are currently living without completion certificates.

The project is also under construction and has inventory waiting to be sold. Residents claimed that they moved in because of “dual pressure of rent and home loan instalments.” With safety compromised, residents have been flagging the dangers of open lift cavities of the buildings as potential ‘accident zones.’ The project was initially sold over in 2010-11 and was supposed to be complete by 2015. The current group of residents only got their flats in 2017 and claimed that despite a large part of the project being incomplete, they moved in because they were ‘financially hard-pressed’.

“The project was supposed to be complete by 2015, they offered us possession in 2017 and said that all pending work would be complete in three months, but so far nothing has been done. At least 20 buyers have also made appeals with UP Rera seeking refund,” Sachin Gupta, a resident told TOI.

According to Gupta, the club, facilities like swimming pool, park, fire safety, STP, parking facilities are all incomplete at the project. The project had also reported a case of fire outbreak in February last year because of faulty electrical panels.

“The builder has put up stickers to cover the lift cavities to make the area safe and prevent accidents and also to give an aesthetic appearance,” said Arif Khan, administration officer at Elegant project.

In response to the complaints about the lift sticker, UP Rera officials on Wednesday said that they will look into the matter in details. “We will look into the lapses of the builder and the buyers’ complaints,” Balvinder Kumar, a member UP Rera, said.

The residents have been posting pictures of the life size ‘lift stickers’ on social media platforms since Wednesday morning.



Source link