Nodia homebuyers’ fight to get possession of their homes seems to be far from over, with the lack of electricity set to throw a spanner into the delivery schedule of around 50,000 units in the region.
According to the Confederation of Real Estate Developers Association of India’s (CREDAI), there are about 50,000 dwelling units which are ready for possession. However, the only thing preventing delivery is the lack of electricity supply. “According to the current law, electricity connections can be issued to individual flat owners instead of the builder that owns an apartment complex. Now that the model code of conduct is in place, the electricity department is not willing to give connections to group housing,” a senior CREDAI NCR member told this publication.
