Summary:
However, most projects whose completion certificates we have withheld, is because they lack fire safety and/or structural safety certifications. However, the figures would be dependent on the cash-flow status of the developers.“Over 50,000 apartments should be ready for handover by December 2019 in Noida, Greater Noida and Gurgaon. The builders confirmed there are about 25,000 such flats in the twin cities, whose buyers will have to wait till completion certificates are granted.However, the authorities claim while some flats have been delayed because of pending dues, most have not been cleared for not having fire- and structural- safety certificates. Credai-NCR estimates that by 2019, the twin cities could have 42,000 apartments completed and ready for handover, while the figure for Gurgaon could be 15,000. If the builders can borrow from their buyers, the former could deliver as per Rera commitments..