Hit by job losses, salary cuts, homebuyers in Noida seek exemption in registry fee for flats

Waiting to take possession of their flats for nearly a decade, homebuyers in Noida, Greater Noida and Ghaziabad are seeking the government's help in slashing the registry charges from five per cent to two per cent.

advertisement
[REPRESENTATIVE IMAGE]
[REPRESENTATIVE IMAGE] (Photo Credits: PTI)

Hit by the Covid-19 pandemic and subsequent lockdowns, tens of thousands of homebuyers in Noida, Greater Noida and Ghaziabad are now demanding a discount in the registry of their flats.

Many of those who have been waiting for almost a decade to take possession of their flats are now unable to pay the hefty registry fee due to job losses, salary cut,s or business losses. The homebuyers are demanding immediate relief from the government, asking it to slash the registry charges from five per cent to two per cent.

The current charge for the registration of flats is five per cent of the total cost of the property.

"Average flat costs about Rs 30 lakhs and its minimum registration cost is about Rs 1.5 lakh. It is impossible for those who have lost their jobs to pay such a huge amount. During the consecutive lockdowns, many of the homebuyers awaiting possession of their flats, lost their jobs or faced salary cuts, the government must give them some relief," said Abhishek Kumar, president of the Noida Extension Flat Owners Welfare Association (NEFOWA).

Over one lakh homebuyers are still waiting to get possession of their flats in Noida, Greater Noida and Ghaziabad. Over the past decade, many builders have been duping these homebuyers by delaying the delivery of their flats.

"We have paid 90 per cent of the cost of the flat and have waited for nearly 10 years. Now after lockdowns, many of us have faced a financial crunch. Now it is time for the government to give us relief. The registry charges must be slashed," said Dipankar Kumar, a homebuyer who is still waiting to take possession of the flat he can finally call home.