Com­plaints re­ceived against some builders: R Ra­man

HT Estates - - FRONT PAGE -

Noida, Greater Noida and Ya­muna Author­ity chair­man Rama Ra­man had re­cently con­vened a meet­ing with the Con­fed­er­a­tion of Real Es­tate De­vel­op­ers As­so­ci­a­tion of In­dia ( Credai), home­buy­ers and builders to dis­cuss prob­lems of home­buy­ers. Th­ese in­cluded de­lay in phys­i­cal pos­ses­sion of units even af­ter is­su­ing the of­fer of pos­ses­sion to buy­ers, 24% in­ter­est be­ing levied for late pay­ment etc. “We have re­ceived com­plaints against five to six builders and are talk­ing to them. They have been warned that if the home­buy­ers’ prob­lems are not solved within 45 days, we may have to cancel their lease deeds. Credai has also been asked to look into the prob­lems and is plan­ning to cir­cu­late model guide­lines to all mem­bers and ask­ing them to be rea­son­able to home­buy­ers,” says Rama Ra­man.

The Noida and Greater Noida Au­thor­i­ties have to cough up an ad­di­tional com­pen­sa­tion of around ₹ 10,000 crore to farm­ers af­ter the Supreme Court or­der on May 14 this year dis­missed pe­ti­tions chal­leng­ing the UP gov­ern­ment’s de­ci­sion to ac­quire land for con­struc­tion of res­i­den­tial clus­ters by pri­vate builders.

About 25,000 farm­ers have to be paid an en­hanced com­pen­sa­tion of 64.7% in Greater Noida and about 350 hectares of land has to be al­lot­ted to them as de­vel­oped plots.

When asked if the bur­den would be passed on to home­buy­ers who have in­vested in the area, Rama Ra­man said 80% of the com­pen­sa­tion had al­ready been dis­trib­uted. “We have loaded the amount to our al­lot­tees that in­clude both group hous­ing al­lot­tees (builders) and in­sti­tu­tional.

kinds of con­struc­tion ma­te­ri­als, ap­pli­ances and main­te­nance pro­cesses in­volved, the ini­tial in­vest­ment is more than in tra­di­tional homes. How­ever, green homes ul­ti­mately lead to sub­stan­tial re­duc­tions in en­ergy costs. En­ergy-ef­fi­cient homes can re­duce the con­sump­tion of elec­tric­ity by more than 30%. Also, the tar­geted en­gi­neer­ing in­volved leads to op­ti­mised space con­fig­u­ra­tion and en­hanced ef­fi­ciency.

The re­duced wa­ter wastage in green homes is also very sig­nif­i­cant in a coun­try which is fac­ing a rapidly wors­en­ing cri­sis of wa­ter avail­abil­ity. To il­lus­trate, wa­ter and en­ergy ef­fi­cient wash­ing ma­chines can save more than 7,000 gal­lons of wa­ter which would have oth­er­wise gone to waste ev­ery year.

If one ex­trap­o­lates such sav­ings to the how much wa­ter a green homes project which uses rain­wa­ter har­vest­ing, wa­ter re­cy­cling and wa­ter-ef­fi­cient ap­pli­ances through­out, the mag­ni­tude of benefits to the en­vi­ron­ment – and the pocket – can be un­der­stood even bet­ter. Health­ier living means fewer vis­its to the doc­tor and sav­ing money in the process. Fur­ther, with en­ergy prices ris­ing and the cli­mate get­ting hot­ter and more er­ratic, it makes a lot of sense to opt for a green home as op­posed to tra­di­tional and un­sus­tain­able living quar­ters. Adopt­ing en­vi­ron­men­tally safe prac­tices keep you and the planet safe There was no other op­tion to raise funds from al­lot­tees. Re­cov­ery of funds from the ad­di­tional FAR given to builders also was not fully suc­cess­ful. As far as the labour cess is con­cerned, un­der the Apart­ment Act the dis­trict ad­min­is­tra­tion has to col­lect 1% as ba­sic wel­fare fund.”

The re­cent Supreme Court or­der states that “the pe­ti­tion­ers shall be en­ti­tled for pay­ment of ad­di­tional com­pen­sa­tion to the ex­tent of the same ra­tio (ie 64.70%) as paid for vil­lage Pat­wari in ad­di­tion to the com­pen­sa­tion re­ceived by them un­der 1997 rules/award for which pay­ment shall be en­dured by the Author­ity at an early date. It may be open for Author­ity to take a de­ci­sion as to what pro­por­tion of ad­di­tional com­pen­sa­tion will be asked to be paid by al­lot­tees…”

“Only farmer com­pen­sa­tion charges can be re­cov­ered from buy­ers. We have fixed this at ₹ 50 per sq ft. No other charges un­less they are men­tioned in the BBA signed be­tween the buyer and the builder can be im­posed on home­buy­ers. We will also be send­ing all our mem­bers model guide­lines soon,” says Manoj Gaur, pres­i­dent, Credai – West­ern UP.

THINKSTOCK

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.