allahabad

More than 2,500 home-buyers representing the Noida Extension Flat-Buyers Welfare Association (NEFBWA) held a huge peaceful protest and submitted a memorandum to the Chairman, Greater Noida Industrial Development Authority (GNIDA) at its Camp Office, Noida, requesting him to safeguard their interest in the wake of the stalling of real estate projects in the troubled Noida Extension area as a fall-out of the recent court judgements. The NEFBWA’s rally which also created a huge traffic jam in the city began with the raising of slogans by the home buyers to the effect that they want their homes to be built instead of their invested money to be returned. They were of the opinion that they had put their hard-earned money in these projects only with an intention to move into their dream homes. And now they would not accept anything less than their proposed homes to be created and handed over to them. Speaking to Realty Plus, home buyers stated that they had faith and a sense of security in buying into these projects since they knew that these were already approved by the GNIDA. The Association members said, “We are all end-users and want the houses for our self-use. We are not investors or brokers. We have made arrangements for the payment of our houses by disposing off some of our existing properties, gold or other valuable possessions. We have also availed loans from banks/finance institutions or our employers. A large number of us are middle class government employees and so our interest should be positively taken care of by the government. ” Starting from the Gautama Buddha Statue at the Noida Entry Gate, the rally marched till Noida Sector-18 and ended at GNIDA’s Camp Office, Noida. According to the memo submitted, the Association has expressed their sympathy with the farmers, acknowledging the fact that injustice has been done to them as the farmers have their own genuine grievances which must be addressed. But at the same time, it is also equally important that the progress of development should not be put on hold. The memo states that there is huge increase in land prices in the NCR region in recent years because of growing urbanisation. In view of this, the government should ensure adequate availability of land to meet the acute shortage of affordable dwelling units. The memo further states, “The Association has already filed impleadment applications in the Allahabad High Court that the bonafide flat-buyers will suffer huge and irreparable losses on account of any hard decision with regard to the Noida Extension projects. In view of this, the Association has urged the Hon’ble Court that we must be given an opportunity to be heard before a decision is taken”.