Thousands of infuriated homebuyers from various incomplete residential projects of Jaypee Infratech across Noida and Greater noida thronged Jaypee Group's office in protest at Noida's Sector 128 on Saturday morning.
Hundreds of angry residents of Jaypee Wish Town thrashed the security arrangements and entered the office premises, vandalizing the barricades and gates.
In one of the largest protest by homebuyers seen in the hi-tech city of Noida, the office of Jaypee Group was the target of mass public anger, as the protests continued throughout the day.
Many of the protestors demanded a refund for their poorly or half-constructed flats, since the National Company Law Tribunal has admitted the insolvency petition filed by IDBI Bank against the debt-ridden Jaypee Infratech.
Intimidated by the massive crowd gathered, security personnel also did not put much of an effort to stop them from entering the office premises.
With the agitating buyers increasing in number, the situation began getting out of hand in a few hours.
Several police personnel were deployed at the builder's office to bring control the madding crowd. Soon, the agitators began a sit-in inside the office premises and shouted slogans against the builders.
Manoj Gaur, Managing Director of Jaypee Infratech group, came out of his office to address the angry buyers but it had no effect.
"We are trying our best to overcome the situations. Your money won't go anywhere. I will not be able to sleep till I deliver your house," Gaur, amidst the tight police security cover, told the irate buyers.
Devendra Yadav, a member of one of the protesting Jaypee homebuyers' association said: "Such assurances have been given to us several times in the past also. Now we don't trust the builder anymore.
"We insist the Chief Minister of Uttar Pradesh to interfere in the matter and take immediate actions against the builder, as we fear loss of our money on the likelihood of the company being liquidated. All we want is our homes as we have invested our lifetime savings into it," Yadav told Millennium Post.
Meanwhile the local MLA Pankaj Singh reached the spot to try and placate the agitators, and assured them that he will take the matter to the Chief Minister to make sure that nothing against the interest of homebuyers happens.