Home » Business » Property News HC orders demolition of buildings, Noida Extension flat buyers scared
The Allahabad High Court on Friday ordered realty firm
Supertech to demolish two of its 40-storey building at the Noida housing
project, an order that has driven fear into lakhs of flat buyers of
Noida Extension that similar orders may come for the Noida Extension
builders too.
The High Court on Friday ordered the demolition of
two Supertech's Emerald Court buildings in Sector 93A in Noida for
violating guidelines.
The court said the construction of the two
40-storey buildings was not in accordance with the norms, hence they
should be razed to the ground. The apartments with over 1,000 flats were
built by a real estate major in sector 93-A of Noida.
The court
also ordered Supertech to return the money to all those who had invested
in the two towers "with 14 percent interest compounded annually".
Following
this order, lakhs of flat buyers of Noida Extension have expressed
concern that similar order might be passed against the Noida Extension
builders.
"In Noida Extension, almost all the builders have
constructed extra towers, what will happen to that?" said Shweta Bharti,
a representative of Noida Extension Flat Owners Welfare Association.
"Why
not Noida/Greater Noida Authority take action on time and save middle
class buyers from being trapped? It's clear that there is a nexus
between the authority and builders. We have written so many letters to
GNIDA in this regard, but GNIDA didn't have time to reply. They are busy
in counting money", she said.
She alleged the "main culprit" is the authority which doesn't take any action before such type of verdict comes from the court.
"Almost
all the builders are using 3.5 FAR in Noida Extension whereas allowed
FAR is only 2.75..Even builders have not applied for FAR to the
authority. We are waiting for our homes for the last 5 years but not a
single project has been given possession in Noida Extension", said
Bharti.
"We hope builders and authority will take lessons from
this judgement. But what will happen to 500 flat buyers who booked their
flats in the said project? Dreams of their own home ruined. We appeal
that officers behind this must be sacked and arrested immediately", said
Bharti.
The realty firm said it would challenge the Allahabad High Court's order to demolish its buildings before the Supreme Court.
Source : WEB
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