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Show us report on 51 builders’ funds: Buyers

NOIDA: Homebuyers of a number of behind schedule initiatives in Noida took to Twitter on Sunday to call for that the Noida Authority unlock a report via Currie and Brown, an actual property research company, at the alleged diversion of finances via 51 developers.
The consumers claimed that the report, launched over the latter part of 2017 and 2018, comprises an important knowledge on how the developers diverted price range that that they had secured from consumers for other purposes. Repeated calls to a number of Authority officials on whether or not they would unlock the report went unanswered.

Currie and Brown had been engaged via the Authority on November 8, 2017, to trace the price range of 51 developers. The company found irregularities within the price range of 14 developers, following which a forensic audit used to be ordered within the first segment in 2018.

The remaining 37 developers had been investigated within the subsequent segment. The Noida Authority had also issued notices to developers like Unitech, Logix, 3C Company, Gardenia Aims Developers, Granite Gate, Red Fort Jahangir, Omaxe and Pebbles Prolease, amongst others.

“The Currie and Brown report is an important for consumers to pursue their instances in court docket. We were inquiring for that the Noida Authority unlock the report and produce it out within the public area. But there was no reaction from the Authority during the last few months. We call for that it's published instantly,” mentioned Chitra Sharma, a buyer of Jaypee Wish Town and the main applicant in opposition to the builder within the Supreme Court mentioned. Sharma has made a couple of posts at the factor on Twitter.

Deepak Abbey, a buyer at Lotus Panache who has been running a hashtag campaign on Twitter, #GharpeCharcha, mentioned that he had approached the Noida Authority for the report a couple of occasions prior to now, however to no avail. The Authority, then again, has submitted an authorized reproduction of the report with the Economics Offences Wing (EOW) in New Delhi, the place the 3C consumers had lodged a complaint.

“The Noida Authority has submitted an authorized reproduction with the EOW. We call for that the same reproduction be handed over to us. When we approached the Authority, we had been advised that the developers had requested that their details be not made public. If the report has been prepared with public cash, it will have to rightfully be launched as smartly,” Abbey mentioned.

Abhishek Kumar, president of the Noida Extension Flat Owners’ Welfare Association, mentioned: “Though the Authority has facilitated an investigation and secured the knowledge on developers, it has not been launched. We have made a couple of requests, and have also written to them, however the requests were not honoured.”

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