With some six projects of Supertech running into trouble over the past two years, those who bought flats in the company’s many projects are worried.
The latest controversy centres around its 100-acre township – Upcountry – on the Yamuna Expressway, which was denied a part-completion certificate. Its plan was also cancelled. Many who invested there are now threatening to move court.
When home owners contacted the developer for answers, the builder denied the charges and said a communication would be sent to all investors to reassure them of their investment.
However, home owners said that they were not convinced by Supertech’s arguments and clarifications.
“It is mere lip service,” said Rohit, an investor in the project.
“We have been agitating against the developer for the past one year,” said Chirag Agarwal, an investor who has bought a 200 square-yard plot in the project.
“A total of 16 cases with the state commission have already been filed against Supertech for fraud. The builder has been accused of making changes in layout plans without the consent of property owners,” he said.
“We expect some more cases to be filed this week,” he added.
“This has created a disruption for those who have already bought and occupied homes in Supertech’s projects, as well as for those who have paid and received nothing till now,” said Indrish Gupta, co-founder of Noida Extension Flat Owners Welfare Association.
“Authorities talk of uploading details of developers and projects on websites, forming committees for monitoring and the latest one of vetting builders’ brochures promising luxuries. But all this seems fruitless in the face of repeated offences by developers,” Gupta said.
Navin Kumar, who has a 125 sq yard villa in Upcountry, said he has already made all payments.
“The news (of Upcountry’s plan cancellation) has left me shocked as I am now uncertain about the future of my investment. Even if the villa is handed over, I will not be able to get it registered in my name as YEIDA has denied even part completion to the project,” Kumar said.
“We want justice. Isn’t it YEIDA and UP government’s responsibility to see that construction is done as per approved plan? Had some action been initiated against Supertech in 2015, things would have been different now and our hard-earned money would not be under threat. The matter should have been publicised by the government,” he said.
Property owners have now threatened to intensify their protests against the developer. “If the authorities fail to address the issue and let off the builder this time, we will stage protests and approach the judiciary,” said Chirag.
“We will reach a consensus with all stakeholders and then chalk out our next plan of action,” said Anurag Manocha. “We have scheduled a meeting on Saturday, May 28,” he added.
“We have to find solutions against unfair practices of builders and real estate developers,” said another buyer.
Meanwhile, YEIDA officials said they are awaiting directions from the UP government. “As of today, the sanctioned layout plan and the part completion of the project stands cancelled,” said Arunvir Singh, CEO, YEIDA. “Once we have directions from the state government regarding the matter, a decision will be taken,” he said.