Noida Extension Flat Owners & Members Association

Press Release

Today on 05th Feb ‘ 2012, NEFOMA had a Meeting at Star City Mall in presence of large number of NE buyers. Following were the point of discussions :

1. Agenda : What will be actions by the buyers if NCRPB delays the approval of the Master Plan -2021 even after the election?

Conclusion : In such situation, the members of NEFOMA and the NE buyers agreed on making regular Dharna protests in front of the NCRPB Delhi and U.P. offices in large number.

2. Agenda : Due to non approval of Greater Noida Master Plan, the registry process is held-up in the whole Greater Noida area. The farmers too are in problem due to it. Can the buyers take the support of the farmers for early approval of Master Plan?

Conclusion : According to the buyer members, if the farmers support us (the buyers), we can definetly take it.

But the matter of concern is that whether they will really come forward for us in this matter? However, we, the buyers request the farmers through media to support us on this issue because it is for the betterment of both the farmers as well as the buyers.

3. Agenda : Should buyers file a PIL in SC in which we should make NCRPB and GNIDA as parties?

Conclusion : As per all buyers present in the meeting, we shall wait till the election result.

4. Agenda : Role of Banks in the NE projects ?

Conclusion : All the NE builders tried to convince the buyers through advertisement in newspapers that, their projects are approved from banks. Even, the bankers were seen alongwith the builders in thier advertisements, though the farmers had already filed the petition in the High Court.

According to buyers the banks had taken processing fee during sanctioning of their loans. The processing fee taken by the banks include the authenticity of the land aquisited for the development of the projects.This means the loan sanctioned / disbursed to the buyers were false. This also means that the banks were not having any information about the petition filed by the farmers for their lands. This concludes that the bankers have also ditched the buyers alongwith the builders just for the sake of their profit. So the banks should waive off the interest incurred on the buyers during the non construction period.

Apart from this, NEFOMA members have decided to file an RTI in RBI as all the banks work under the guidelines of RBI. RBI will have to clarify through our RTI “On which ground the loans have been sanctioned on such projects whose lands were disputed? Were the banks also involved in this conspiracy? Did the banks not confirmed the legality of the lands?”

Today’s meeting was attended by Devender Kumar ( Founder , NEFOMA), Shweta Bharti ( Gen. Secretary ), Abhishek Kumar, Indrish Gupta, Annu Khan and Vijay Trivedi with many buyers.


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