‘Developers concentrating on completing projects’
Vandana Ramnani How does CREDAI-NCR see the growth of projects in Noida Extension a year after construction work here was cleared? Despite various hurdles and issues, the developers are concentrating on speedy construction of projects in Greater Noida (West) - popularly known as Noida Extension - to bring an end to the buyers’ suffering. Developers are working on the latest technologies such as pre-cast technology etc to ensure that buyers can be assured of timely deliv-
ery of their homes. Are there still some major constraints for developers in the area? There are some minor issues which are affecting growth, but, we are confident of overcoming them with the active support of the concerned authorities. Amidst whole controversy, what were the important lessons for the real estate industry? The best part of any controversy is learning. We have learnt our lessons and have moved on. One of the major lessons learnt was to properly communicate to buyers the ground reality. How do you see the future prospects for buyers in Noida Extension? The future is bright and buyers have already started reaping the benefits in terms of appreciation in property prices. Moving on from controversies, the authorities are swiftly laying down the necessary infrastructure - water, roads and electricity. A green-belt will also be created for peaceful and healthy living and connectivity is going to be smooth- er once the Metro rolls out in a couple of years. The area is already well connected to Delhi via Noida. What steps have been taken by Credai-NCR to bring in transparency? Credai-NCR has taken concrete steps to bring in transparency and accountability in the real estate sector. To make these steps more effective and binding, we need people’s support and faith. We, at CredaiNCR, are open to their suggestions and committed to speedy disposal of their complaints.