An NCR Based Real Estate Developer has complained that the homebuyers were neither opting for delivery of their apartments nor paying any dues.
- For the first time, the ISO 9001:2000 Certified realtor, Supertech moves UP-RERA against homebuyers.
- This Compliant is against 45 Homebuyers from residential developments such as Eco Village I, Eco Village III, and Cape Town.
- UP RERA has given 45 days to 25 homebuyers to settle the final dues.
Greater Noida, 2nd October 2019: To date, only aggrieved homebuyers have been moving Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) against builders but now, the first complaint of its kind has been surfaced. A well-known real estate developer, Supertech has approached UP-RERA against home buyers For Justice as the home buyers are not turning up for the delivery of their flats.
The realty player said in the complaint that the buyers are neither taking delivery of their apartments nor paying up the pending dues. The complaint is against 45 buyers in their Cape Town, Eco Village I and Eco Village III real estate developments, according to Real Estate News Noida.
While passing the order against the complaint, UP-RERA on Thursday issued a stern warning to 25 home buyers of the accused 45 buyers to settle the final pending amounts within 45 days or homebuyers could lose their flats.
The order was issued against only 25 of 45 buyers as the complaints against the remaining buyers would be heard by the regulatory authority in the near term. UP-RERA member Balwinder Kumar told that buyers have to pay the pending balance and take possession of their apartments within 45 days or else the developer can go ahead and take away 15% of the total amount deposited with it by the buyers and refund the pending amount to the investor's bank account.
For the past six months, the buyers have not turned up to take possession of the apartments, due to which Supertech moved to the regulatory authority for justice, as per the Property News Noida. Eco Village I and Eco Village III are located at Greater Noida, and Cape Town is situated at Noida Sector 74.
Backed by 27 years of experience, Supertech Limited is a trusted and reputed real estate developer in the National Capital Region. The developer is the pioneer to launch high rise developments in North India. It has got a great presence in the North and also down South in Bengaluru. The company is into various verticals of real estate such as residential, commercial, townships, office spaces, retail, and hospitality.
RERA Benches have been tightening the noose of the defaulting builders across the country however, this is the first time RERA has issued orders against homebuyers of housing projects in response to the complaint from a real estate developer.
This order shows that just like developers have a commitment towards homebuyers, in the same way, the buyers too have some responsibility towards making timely payments and settling the pending dues.