Noida: Stamp and Registration Department organized a special camp here on Saturday. eldico invitation81 flats will be registered in Sector 119, which will generate revenue of Rs 2.4 crore.
While the developer did not opt for the UP government’s rehabilitation scheme for stalled projects due to relatively low dues, officials said the camp was organized in line with the state’s directive to facilitate door-to-door property registration.
Home buyers who were handed over their documents said it felt like an early Diwali.
Nikhil Singhal, president of Aldico Invitation Apartment owners’ association, said construction began in 2006-07, with possession starting in 2019. Of the 1,260 flats in 14 towers, 950 were registered by the developer, but 310 remained pending due to non-payment. arrears of Noida Authority”We met the CM Yogi Adityanath Twice, and they assured us that the issue would be resolved,” Singhal said.
Assistant Inspector General of Stamps and Registry BS Verma said, “Following the state government orders for doorstep property registration, we organized this camp to help those flat buyers who have paid their dues, but We have been waiting for years to complete the registration. Altogether we will organize more such camps.”
Residents, relieved by the development, called it an “early Diwali”. Kavita Singh, a home buyer, said, “After paying the dues we moved in but could not complete the registration as the payment was pending by the developer. Without registration, it did not feel like we owned the flat.”
Another resident, Pooja Mehta, expressed similar sentiments, “I had booked a flat two years ago and was waiting for registration. This camp feels like a Diwali gift.”
Eldeco Group AGM Sandeep Tandon confirmed that the developer has paid Rs 5 crore to the Noida Authority and is planning another registration camp after Diwali.
Officials clarified that dues of Eldeco Inv were low, hence it was not eligible for the rehabilitation package, which provides two-year relief on interest and penalties for developers affected by the Covid-19 lockdown. Of the 57 defaulted projects in Noida, only 29 accepted the package.
Between February 26 and October 18, 2024, the department registered 5,925 flats in Greater Noida and 1,627 flats in Noida under the scheme. The next camp is planned to be held on Tuesday at Great Value Sharanam, Sector 107.
