Choosing the same option as Noida Authority did, Greater Noida Industrial Development Authority (GNIDA) is also contemplating the option of outsourcing the process of monitoring and analyzing the residential projects (incomplete or ongoing) to a private company, the very reputed Ernst & Young. Ernst & Young is also handling various projects for GNIDA like Street Vending Policy and solid waste management for the last one year.
Once the details of the proposal get a green signal by the CEO of GNIDA, an EOI (Expression of Interest) will be issued. The company will be explained the main focus of GNIDA. This move will help the authority in compiling the information of all the ongoing projects.
Numerous developers like Amrapali, UnitechShubhkamna, Supertech still have to deliver their residential projects which are pending in Greater Noida.
Most of the developers have submitted a time-period, road map and schedule of the delivery of the housing units to the respective authorities and the owners of property in the twin cities.
But, going by the earlier records of developers, the authorities want a private agency to constantly look into the working of the projects. Three party meetings are being conducted on regular intervals by Greater Noida and Noida Authorities to overcome the issues of delayed and possession and construction of residential projects.