NOIDA: The district magistrate on Thursday held a meeting with flat buyers, developers, and officials of the stamp and registration department to resolve flat buyers’ issues, expedite flats’ registration, and also increase stamp revenue for the state exchequer. The meeting was held at the collectorate auditorium.
Assistant inspector general registration (I) BS Verma said that several issues were discussed at the meeting. “Out of 57 developers in Noida who had consented to the resettlement of their projects, only 28 have paid 25% of their dues upfront. However, some of these developers have furnished details, leading to registration delays.”
From Feb 26 to Aug 29, 2024, a total of 7,368 flats were registered in GB Nagar. Of these, 5,297 flats were registered under rehabilitation schemes, while the remaining 2,070 flats were registered through the routine process.
At the meeting, some developers blamed the delay in registration on a lack of occupancy certificates (OCs). The DM sought a response from concerned builders and authorities about the lack of OCs. He instructed all builders to promptly register flats that have obtained OCs and to expedite obtaining OCs for the remaining flats to ensure their registration.
Meanwhile, officials revealed that some developers have allotted flats to homebuyers without completing the registration process, causing revenue loss to the state. The Stamps and Registration Department collected Rs 3,585 crore in 2023-24, an increase from Rs 3,018 crore in 2022-23. The department has set a target of Rs 4,880 crore for the current financial year.
Residents of some societies raised another issue at the meeting, claiming that developers in their societies were charging inflated maintenance fees while providing facilities that were below standards. On this, Verma said, “They also argued that some societies are developed but the developers were still not shifting the maintenance charge to the apartment owners’ association.”
The DM district magistrate emphasised the importance of addressing these issues promptly.
“The builders and buyers can bring their issues to the Stamp Department or directly to me for resolution of their issues through mutual coordination,” the DM said. “Some builders have handed over possession to flat buyers without registration, causing significant loss of stamp revenue.
We have directed the officials to launch a campaign and take strict action against such builders to ensure the registration of all flats and increase stamp revenue.”As per data, the authorities have issued OCs for 9,762 flats but the developers are yet to process their registration.
