GREATER NOIDA, Nov. 24 -- The Greater Noida authority has approved a decision that gives nod to strict action against 13 builders for failing to execute registries or clear dues despite repeated extensions under the UP's policy for stalled projects. As per the 2023 scheme, the Authority offered interest waivers to stalled housing projects if the developer opted to pay 25% of total dues, and remaining 75% could be paid in three years. It aimed to ensure homebuyers' registry can take place. "The authority board on Saturday during its 141st meeting decided to take strict action against those developers, who haven't taken steps as per the government scheme for stalled housing projects. It has allowed the Authority for harsh action against the developers, who fail to use the provisions of this scheme and deliver relief to homebuyers," said Greater Noida authority's CEO Ravi Kumar NG. "All the benefits received from recommendations of the scheme will be withdrawn from the dozen builders... The concession received will be withdrawn from them... Also, the board took a decision in favour of the home-buyers, who can now execute registries in the co-operative housing societies," the CEO said. Greater Noida authority board chairman Deepak Kumar said giving more time to the builders who have neither started the registry in the names of buyers nor deposited the outstanding amount of the Authority, is of no use. He, thus, directed to act against such builders. "There are a dozen such builders, which include AVJ Developers Sector Beta Two, MSX Realtek Sector Alpha One, Jyotirmay Infracon Sector-16C, Space Engineering Sector-1, Elegant Infracon Sector Techzone-4 etc," said a Greater Noida spokesperson. "So far 85 of the 98 builder projects have benefited from the policy package brought to solve the bottlenecks in Legacy Real Estate projects based on the government scheme's recommendations. By completing these projects, the way has been cleared to provide homes to buyers and the names of about 18,000 flat buyers have been registered by taking the benefit of the policy. The remaining 13 builders have not made any effort towards registering the names of the buyers. Now the board has approved action against such builders only," the spokesperson added. The developers were unavailable for comment on the matter. The Board has also brought major relief to the homebuyers, living in co-operative housing societies without registries. "The homebuyers can now execute registries in the co-operative housing societies," said the CEO. In a major relief for cooperative housing society residents, the board approved a decision allowing registries for "subsequent members" who bought units through power of attorney but never received legal ownership due to incomplete projects or non-execution of the registry that is a process to transfer the property title. The Authority also approved a ready-flat scheme in Omicron I locality via e-auction, said officials. "The Board's decision has paved the way for the subsequent members of these housing societies to also get ownership rights on the property," said the authority spokesperson. The homebuyers are selling these properties on power of attorney. The buyers of these properties were upset and were urging the authority for registration. The Board discussed the CEO's proposed agenda and approved it....