How to deal with construction delays in Noida Extension

Construction Delays in Noida Extension have become a norm. They are just as common as the power supply pattern in the region. You never know when the project loses it’s breathe and drops dead without a notice! The reasons for construction delays could be overwhelming pollution or nuisance created by the labours. However, it is the investor and the buyer of the property who faces the issues. With disdain and stress, the property owners have no option but to wait till the roadblocks are cleared.

How common is the issue of construction delay in Noida Extension?

Some delays have been for years. The stalemate means that the booked flats take time to complete. Till then, the property buyer would keep paying the home loan as monthly instalments as well as the rent in case he/she is staying as a tenant. This happens despite the fact that most of the buyers have already paid up 95 per cent of the total value of the property. This happens in almost 84 per cent of the projects in Noida Extension.

How long can a project get delayed in Noida Extension?

This is a ridiculously unanswerable question that anyone can ask about projects launched in Noida Extension. Some projects were launched in 2007, but they have not even reached the construction beyond plinth level. Going by latest figures, most projects are inflicted with the plague of construction delays ranging between six months to four years. Even top builders and housing developers are facing the construction delays due to stringent norms and poor infrastructure in Noida Extension.

Top reasons why construction delays occur in Noida Extension

The top reasons why projects in Noida Extension either get delayed or get shelved without any notice are as follows:

• Excessive monopoly of the builders in certain top sits
• Land mafia who force the farmers who sold their lands to take the builders to court
• Poor infrastructure like roads, sewage, drainage and lighting system
• Poor labour condition where accidents, diseases and even murder happen dragging the builders to court delaying the project for legal reasons
• Non-payment of taxes and dues to the government
• Forged documentation
• Involvement of black money

What is the average construction delay in Noida Extension compared to other cities?

Not very long ago, Noida Extension was declared as the fastest growing housing and investment destination. Things changed rather brazenly within months. In 2012, it took the builders in Noida Extension to deliver a house within deadline while today it takes close to 30 months beyond the promised possession date on an average. Even Mumbai builders are doing a better job at delivering the units, though with a missed deadline. In Mumbai, it takes 20 months after crossing deadline and in Bangalore it takes 18 months.

What are the changes you can expect if construction delays continue in Noida Extension?

Most home buyers complain that the bath fittings and electrical systems are not of good quality. If the builder fails to provide quality on time, the buyers can drag the developers to the court for cheating and non-compliance of safety standards required for modern day buildings.

Gsv Naresh is a real estate blogger who blogs about India's realty market and also gives advice on buying residential projects and flats in India.For More Information about Real estate Visit CommonFloor.