buyers planning stir, Real Estate News, ET Real Estate

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Buyers of UpCountry project in Noida: Yamuna ExpresswayThe developer of Sector 17A is accused of passing YesRs 90 crore is outstanding for his land.

For a 100-sqm plot, the developer has issued a demand letter of over Rs 9 lakh – including additional land acquisition compensation, lease rent, stamp duty and registration charges – and threatened to cancel allotments if the buyers don’t comply Has been. information.

The aggrieved buyers plan to protest outside the developer’s office in Sector 96 on Tuesday against the “unlawful” demand as the latter “has already taken money from them for years”.

Vivek Singh, general secretary of Upcountry Buyers Association, said, “We have already paid the lease rent and registration fees. As far as the compensation to the farmer is concerned, it is very high and the developer is not ready to show us the calculations. This is an attempt to cover the penal charges levied by YEIDA for delay in clearing dues.”

Singh claimed that the land was allotted to the developer – supertech – by YEIDA in 2009 and it immediately started selling the project. Plot buyers were promised possession and registration by 2012.

“Subsequently, Supertech actually offered possession of plots to people, but it was only on paper as there was no occupancy certificate. Besides, there was nothing like electricity connection, sewage treatment plant, club house or entrance gate on the ground,” he said.

Many buyers went to the National Consumer Disputes Redressal Forum.

In 2016, the NCDRF canceled the offer of possession given by the developer and ordered that the builder cannot recover any money for the same, the buyers claimed. The project has around 3,500-4,000 units (flats, villas and plots) sold by Supertech and around 800 buyers have been offered possession so far.

However, not a single buyer has registered his property. The project does not have an occupancy or completion certificate till date, around 250 families currently live there.

MD of Supertech RK AroraHowever, said that according to the order of the Supreme Court, the demand for farmer compensation has been raised.



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