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Noida homebuyers take to streets as projects lie in limbo

Noida homebuyers take to streets as projects lie in limbo
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More than 500 homebuyers, who have pumped in their life’s savings to get a dream home in five projects in Sector 107, on Sunday staged a protest against five builders and Noida Authority, demanding the resumption of construction work, which has been put on hold for over the past two years. 

Buyers of Heart Beat City, Great Valley Sharnam, Lotus 300, Prateek Edifice and Sunworld Vanalika, coming up in Sector 107, were among the protesters. Work on these projects has been stalled for over the past two years.

The protesters claimed that over 5,000 buyers are in dilemma ever since construction was stopped in August 2013, after the Supreme Court’s verdict quashing land acquisition. Then, the developers concerned had assured the homebuyers of speedy work on the five projects, consisting more than 50 towers. But buyers allege that the builders concerned have not initiated any step to address their woes. They claimed that despite paying over 85 <g data-gr-id="23">per cent</g> of the total cost, which varies between Rs 50 lakh and 2 <g data-gr-id="30">crore</g>, uncertain looms large on the future of their flats.

The protesters said they had booked flats in Sector 107 in 2010-11 and the possession was promised to them in December last year, but even after 10 months the projects are incomplete. They have blamed the local authorities, builders, banks and judiciary for the delay in the completion of the projects. 

“The Noida Authority had acquired land in 2008 and 2009 in Sector 107, but the acquisition was challenged by some farmers. The builders got the approvals for carrying out development on the land and launched booking for their projects. It is surprising that builders and even banks, financing the projects, failed to find out about the litigation involving the title of the land. Even the builders have bought land that has some/ many non-acquired land parcels, following which the acquisition was challenged in court,” said Kapil Tyagi, a buyer from Heart Beat city.

He added that farmers took the matter to the Allahabad high court and also to the Supreme Court. In August 2013, the Apex Court ruled the land’s title in favour of farmers and cancelled the entire notification of land acquisition itself. 

“By the time the Supreme Court’s ruling came, builders had already developed the land and many flats were in the stage of possession. It’s surprising how could the judiciary overlook this fact in giving its decision to quash the land acquisition,” Tyagi said.

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