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Delhi NCR homebuyers protest at Jantar Mantar over delay in passage of Real Estate Regulatory Bill

July 21, 2015 | By

More than 500 disgruntled homebuyers launched a massive protest at Jantar Mantar on Sunday morning opposing the delay in passing the Real Estate Regulatory Bill.  Buyers from Uttarakhand, Faridabad, Gurgaon, Noida and Greater Noida dotted Jantar Mantar and demanded that the real estate regulatory bill be passed in the monsoon session of parliament and also asked for the final notification of the Eco-sensitive Zone around the Okhala Bird Sanctuary.
NCR homebuyers protest at Jantar Mantar over delay in passage of Real Estate Regulatory bill
“We have been demanding the bill from past four years and this is our third protest at Jantar Mantar for the real estate regulatory bill, but apart from false promises nothing concrete was done on it. It is not a matter of just Noida or Greater Noida; this is the problem faced by all the buyers in the country and this builder nexus is getting stronger every day and real estate bill is the solution to the miseries of hundreds of thousands of homebuyers,” said Abhishek Kumar, President, NEFOWA, while addressing the gathering at Jantar Mantar.

Questioning the intention of the government, buyers said that despite real estate being the fastest growing sector, the government is not much keen to regulate it. Buyers argue that in the absence of law or a regulatory body to protect the interest of homebuyers, the builders always have a upper hand and make changes in the project without the consultation of buyers.

“A buyer has to go through a lot of hurdles in order to get a flat he bought using his own hard earned money. NGT orders, extra charges by the builders and many more such hurdles make it unbearable for us. Buying a property has become a headache now, because all the time you are surrounded by one issue or another. While the builders continue to make money and come up with multiple projects, it is the buyer who is left with an endless wait with no respite,” said Suresh, a homebuyer.

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