With the Supertech Twin Towers in Noida exploding in the dust on Sunday, home buyers investing in the developer’s other projects in the NCR wondered “who was really punished” as they are unaware that they were paid years ago. Whether you will get possession of booked flats or not. These home buyers witnessed the collapse of the Twin Towers on Sunday.
Notably, more than 200 home buyers of various projects supertechAccording to the news agency, those who are fighting a legal battle against the builder seeking refund of the payment made, expressed their dismay on social media on Sunday. PTI report good.
“The builder is already in cash crunch. Where did the company get the money for the demolition and return of the Twin Towers case? Obviously, to respect Supreme court decision, funds will be diverted again from existing projects and people like us will never get our flats or refunds,” said Sunny Singh, who has bookings at Supertech’s Azalea project in Gurugram.
supertech twin Towers Nearly a year after the Supreme Court’s direction to demolish an illegally constructed structure in Noida, it was demolished on Sunday. Following the ruling, Supertech had said that the demolition would have “no adverse impact” on the company or its group companies as “every project has its own independent” RERA account and cost centre.
However, homebuyers are not ready to buy the developer’s assurance. “The Supreme Court has certainly set a very bold example with this move. But is it enough to stop malpractices in the real estate sector? Will the Supreme Court take steps for home buyers who are in trouble due to wrongdoings of a single builder? We are also fighting a legal battle, but no one knows when we will get justice. Feeling disappointed,” tweeted Lokesh, an IT professional who is struggling to pay the rent as well as EMI for an apartment, as per reports.
Another homebuyer, Noida resident Ashish Gupta said, “Is sabotage enough? Is this a punishment to the builder or the home buyer? Those who waited for their homes for more than a decade, are today just spectators, and what about others like us who are going to be indirectly affected?
On Sunday, hundreds of people gathered near a ground in Noida to watch the one-time spectacle of the demolition of the 100-metre-tall Supertech twin towers and clapped as illegally constructed skyscrapers were reduced to rubble. While some say the demolition sends a message that corruption will not be tolerated in the country, others did it for an adrenaline rush, the report said.
(with inputs from PTI)
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