We will appeal against HC order in Supreme Court, says Supertech chief R K Arora

Written by Express news service | Noida | Updated: Apr 12 2014, 17:18pm hrs
Even as the Allahabad High Court ordered the demolition two 40-storey towers in Noidas Emerald Court Complex, the developers Supertech Group said they would appeal in the Supreme Court against the decision.

We have not yet received the order of the High Court

to demolish the towers at our project at 93A, Noida-Greater Noida Expressway. If we receive it and it is against us, then we are going to file an appeal in the Supreme Court. The construction, which is going on at the project, is legal and is approved from Noida Authority, R K Arora, chairman and managing director of Supertech Limited, said. Arora is also a member of Confederation of Real Estate Developers Association of India (CREDAI), Western Uttar Pradesh.

According to residents of Emerald Court Complex, the problem has been persisting since 2009.

The two towers in question, that we have a problem with, are being built on land allotted for a playground. At first, the developers said it was going to be 10 storeys high, then it became 24 and so on, Raj Pal Tandon, member of Emerald Court Complex RWA, claimed. The High Court order came on a petition filed by the RWA.

Spread over 70,000 sq metres of land, and just off the Noida-Greater Noida Expressway, the construction for Emerald Court Complex is currently underway.

Officers of Supertech Limited calculated the total cost of the project to be around Rs 750 crore.

Tandon, who had first moved into the residential complex in 2008, said the two-towers consists primarily of 1 BHK and 2 BHK apartment complex.

We approached the Noida Authority several times, but they didnt listen. So, we were forced to go to court, he said.

Noida Authority, however refused to comment on the matter till they received a copy of the court order.

While the court has ordered that the money spent by investors for the two towers be refunded with 14 per cent interest compounded annually, buyers expressed helplessness.

Buyers should be given a flat in another legal project of Supertech. Builders can recover their loss in another project, but the buyers might not be able to buy a flat with the refund amount, Annu Khan, president, Noida Extension Flat Owners and Members Association (NEFOMA), said.

The association will be holding a meeting with investors in the two towers on April 13 and have promised to agitate for their demands.