Supertech, Amrapali and Mahagun in Trouble – High Court quashes land acquisition in Sahberi, Noida Extension
Anil Sharma, a manager in an MNC in Gurgaon panicked in the morning after reading that the Allahabad High Court had quashed land acquisition at Sahberi village in Greater Noida, the place where he had invested for a home in the Noida Extension residential scheme launched by a private builder. After a quick call to office requesting a half-day, he rushed to the site. He breathed a sigh of relief when the builder told him that his hard-earned investment was safe and he would get his home as promised.
However, the case was not the same for others. Most investors alleged that senior officials of construction companies could not contacted and their marketing staff did not have proper information.
“After reading the shocking news, I reached the Supertech office in Noida extension where we had booked a flat,” said another investor, Kuldeep Singh. “But the marketing executive assured me that all was well at their end,” Singh added.
Mohit Gupta, director (marketing) in Amrapali said that their Smart City project of 5,700 flats has been affected. Almost 4,000 flats had been booked. “We have chalked out an offer for our investors. We will offer them flats in the Dream Valley project in Techzone 4, a stone’s thrown away from this project. It will also have better features,” Gupta said.
“So far we have not been informed about any plans of the builder. Their assurances still have to be put down on paper,” said M Bhati, another investor.
RK Arora, MD of Supertech said that the group’s Eco Village II project has been proposed to be built on land of three villages – Ithera, Roja and Sahberi. “However, we haven’t been given the possession of Sahberi by the Authority so none of our projects have been hampered,” Arora said.
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