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Noida authority to issue flat-wise OCs to speed up registries

Posted by Urban Avenues on September 28, 2019
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What this means is that even if a developer has completed, say, 10 flats in a tower which has a total of 100 apartments, OCs can be issued for these 10, allowing owners to apply for registries.

NOIDA: Registry of flats in delayed projects will become easier after the Noida Authority on Friday decided to issue flat-wise occupancy certificates, relaxing its earlier rule of issuing these documents tower-wise.

The decision was taken at the 197th board meeting of the Authority, amid concerns of the state losing revenue because of a huge number of pending registries.

What this means is that even if a developer has completed, say, 10 flats in a tower which has a total of 100 apartments, OCs can be issued for these 10, allowing owners to apply for registries.

Rajesh Kumar Singh, OSD to the Authority, said the move would help buyers in getting their flats registered faster. “Buyers of all those projects whose developers have not yet cleared dues of the Authority can get individual registries done,” he added.

Officials did not clarify when the move would come into effect. But the decision will help more than 4,000 flat owners across 20 projects in Noida, including Wave City in Sector 32, Logix group, 3C etc.

“This decision will facilitate individual flat registry by a builder who has got an OC, but is yet to clear the dues to the Authority,” Singh added.

A project is awarded a completion certificate only after all the towers and other facilities mentioned in the approved plan, such as parks, lifts, etc have been constructed. Noida Authority had said recently that a number of applications for completion certificates is delayed because the developer fails to submit the required documents. This often holds up the registry process.

In an attempt to increase deliveries, the deadline for clearing dues has been extended for builders from August 31 to November 30. “For hundreds of buyers waiting for their flats, this looks like a progressive step. While most builder apartments are coming up in Greater Noida, we, as a homebuyers’ collective, believe this decision will also be replicated for apartments in Noida Extension. The main advantage of a flat-wise OC-CC system is that the buyer would get to sell his flat easily in the market. But, safety should not be compromised. Builders should ensure fire and electrical safety for owners. We welcome this move by Noida Authority and urge the Greater Noida Authority to replicate it,” said Abhishek Kumar, president of the Noida Extension Flat Owners’ Welfare Association (Nefowa).

News Linkhttps://realty.economictimes.indiatimes.com/news/residential/noida-authority-to-issue-flat-wise-ocs-to-speed-up-registries/71344639

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