37 Noida realtors to face audit in stage 2
The Noida Authority has met 37 developers whose projects will face scrutiny in the next round of audit as the UP government looks at reasons behind the housing delay and looks for ways to create an oversight mechanism. Projects of…

The Noida Authority has met 37 developers whose projects will face scrutiny in the next round of audit as the UP government looks at reasons behind the housing delay and looks for ways to create an oversight mechanism.

Projects of the 37 developers called to the meeting are slated to be assessed in the next phase of the ongoing audit and will involving around 37,000 residential units, ET Realty reported.

The developers have been asked to assist in the audit being carried out by Currie & Brown, an international consultant. This audit is expected to be completed in the next three weeks, officials said.

Noida will conduct audits of 51 projects involving more than 70,000 housing units, officials said.

The meeting was convened by Noida chairman and CEO Alok Tandon and was also attended by additional CEO A K Srivastava and officer on special duty (group housing) Santosh Kumar.

“We have directed the builders to provide all assistance to the firm auditing their accounts without delay,” said Tandon. “Builders have been asked to provide necessary details for the audit besides furnishing information about housing projects,” he added.

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