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Informist, Wednesday, Mar. 19, 2025

 

NEW DELHI – The Supreme Court Wednesday said it was not happy that Greater Noida Industrial Development Authority was not cooperating in reviving a dead project where home buyers had been cheated by the builder who had vanished decades ago. The top court asked the Greater Noida authority to give details of the financial demand it would have raised in case the original builders had completed the project, so that proportional charges of each home buyer can be decided.

 

The apex court noted that 40 home buyers had come together to complete one tower in the project containing 40 apartments of four-bedroom each. Each home buyer has been continuously in touch with the Greater Noida authority requesting it to provide details and to find out solutions as to how they can go ahead with their aspirations of owning their apartments, said the court. The incomplete housing project is linked to the society, Golf Course Sahakari Awas Samiti Ltd., which had leased the land from the authority, but failed to fulfil its financial obligations, even after collecting funds from homebuyers.

 

Further, the home buyers were more than willing to pay their proportionate share of the charges due to the authority but despite the same it was neither coming up with the details of the demands nor was it cooperating and allowing the home buyers to continue with their joint venture of completing one tower of 40 apartments, said the court. Asking the Greater Noida authority to give an affidavit in a week, the court placed the matter for hearing on Mar. 25.

 

Golf Course Sahakari Awas Samiti had applied for land allotment from the Greater Noida authority. The land was allotted in 2004 at Plot No. 7, Sector Pi-2, Greater Noida, Gautam Budh Nagar. However, home buyers said that the society, in connivance with financial institutions, scammed them as after some time, no payment was made by the society to the authority. Many home buyers had taken a loan from banks for purchasing flats offered by the society.

 

When the Greater Noida Authority terminated the lease deed with the society, the home buyers moved the Allahabad High Court. In the meantime, a first information report was registered against the directors of the society. In 2016, the high court rejected home buyers' plea and said that there was no deposit of lease rent and other dues by the society. Challenging this order, the home buyers moved the apex court.  End

 

Reported by Surya Tripathi

Edited by Ashish Shirke

 

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