Happy Diwali ahead for Noida home buyers: Builders can give possession soon

Rules state that if RERA does not issue possession certificate or raises concerns, the builders can start giving possession to buyers

It seems Diwali has arrived early this year for some homebuyers in Noida and Greater Noida. According to an Economic Times report, builders are preparing to hand over the houses to the homebuyers earlier than they would have expected. However, they will not be getting the occupancy certificate just yet. 

This is being done because the Real Estate Regulation Authority (RERA) of Uttar Pradesh had issued a notice on September 16, stating that if the authority did not issue occupancy certificate or raised concern within a week of receiving the application, the builders could start handing over the possession and agreement