‘De­vel­op­ers con­cen­trat­ing on com­plet­ing projects’

HT Estates - - Front Page -

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.

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