In a drastic move that will assist buyers in choosing legal projects, the Noida, The Greater Noida and Yamuna officials are planning to upload details of all the developers’ housing projects on their official website.
The decision was taken by the state government and it has also directed the officials to ensure shield for buyers and design a route to shrink property cheatings in the state.
The top official of the civic bodies operating in the region directed to commence the process to buy server space for website to upload property details.
The buyers in the region have been demanding the details of all the developers from a long time should be available online. After the process checking legality and developers projects would be a just a click away. Apart from the details lease deal norms, status of building layout plans and other NOCs and notices will be also uploaded on the website.
The developers were asked to upload layout plan copies and other approvals on their respective websites. The authority is hoping to finish the process by the year end.
The region has become a den for property cheaters and even there are several frauds been committed, they have hardly been reported.
Developers have hailed this decision and hope this would be a great step towards developing transparency. This move will be a significant tool for all buyers to understand the nature of the projects in better manner.
The association of developers, CREDAI, now hopes to attract the NRIs to infuse money in their projects. An investor sitting miles away from Noida would able to check the legality and status though the government website, added the association.