Sunday, Oct 26, 2014

Our dreams have been demolished, say buyers of flats in sealed Noida towers

Aggrieved flat owners at a press conference on Wednesday.Gajendra Yadav Aggrieved flat owners at a press conference on Wednesday. Gajendra Yadav
Express News Service | Noida | Posted: April 17, 2014 12:56 am | Updated: April 17, 2014 12:57 am

Buyers of flats in Apex and Ceyane towers of Supertech Group’s Emerald Court Complex in Sector-93 here — which the Allahabad High Court has ordered demolished — said they would approach the Supreme Court as the High Court verdict was passed without giving them an “opportunity to be heard”.

The Residents Welfare Association (RWA) of Emerald Court Complex, the petitioner of the case, has already filed a caveat in the Supreme Court.

The two towers house 857 flats, of which almost 600 have been sold. While there is no occupancy, homebuyers said the High Court order that the developer refund them money, along with 14 per cent compound interest, won’t help them.

“When the order for the demolition came, it also demolished our dreams. Most of us weren’t even aware of the dispute and learnt about it from newspapers,” M R Chhikara said.

According to the aggrieved homebuyers, when the units were first being sold in the two towers in 2009, the rate per square feet was Rs 2,600. In the last five years, it has increased to more than Rs 6,000 per square feet.

“The 14 per cent interest isn’t acceptable to us, neither is the provision of an alternate unit — as our hard-earned money has been invested into this particular apartment, with its excellent location on the Expressway,” Chhikara said.

Homebuyers maintained most of them were shown the approvals and sanctions obtained by the developer — and they had not seen any infirmity in the documents.

“It wasn’t until three years after construction began that the RWA complained about the flats. By then, many of us had already bought property there,” Chhikara said.

“The flat I bought was worth Rs 1 crore and I paid almost the entire amount. I am paying regular EMIs to the bank. Even if I get the money back, it doesn’t give me my home,” Anil Kumar Yadav, who has bought a 1,050 square feet two-bedroom apartment, said.

According to the RWA of the housing society, the two towers were always in complete violation of the UP Apartments Act. “We have been running from pillar to post from day one. The builder has cheated the homebuyers, the Noida Authority and also us,” UBS Teotia, RWA president, said.

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