Cooperate with those who buy flats … Supreme Court ordered Noida Authority

The Supreme Court has intervened in the case of the builder leaving the residential project in Noida in Greater Noida. The Supreme Court has asked the Noida Authority to cooperate with home buyers. The Supreme Court directed the Greater Noida Industrial Development Authority to cooperate with home buyers in reviving the residential project released by the builder. The Supreme Court asked the authority to give details of the demand which the authority would have raised in the event of the original builders to complete the project. So that every household can be decided on the basis of the size of the apartment being charged by them. The project was released after not paying the dues of the lease despite taking money from home buyers by the Cooperative Housing Society leasing from the authority.

‘Home buyers cheated by builder’

A bench of Justice Vikram Nath and Justice Sandeep Mehta said, the court is not happy that the authority is not cooperating in reviving the dead project. We are not happy with the fact that the Greater Noida Industrial Development Authority is not cooperating in the entire process of reviving a dead project. Where home buyers have been cheated by the builder, who has disappeared decades ago. And some home buyers have come together to partially revive the entire project and other home buyers are coming forward to revive the remaining part of the project.

Senior advocate for the authority, Ravindra Kumar sought a week’s time to provide details of the demand so that the proportional fee of each house buyer can be decided based on the size of the apartment. The Golf Course Cooperative Housing Society Limited Society applied to the Authority for the allocation of land, which was allocated as plot number 7, Sector P-2, Greater Noida, Gautam Buddha Nagar in 2004.

Home buyers alleged that the society has cheated home buyers in collaboration with financial institutions, as no payment was made by the society after some time. Home buyers took loans from defendant banks for the purpose of buying flats introduced by the society. He first filed a writ petition in the Allahabad High Court demanding the cancellation of the order to abolish the lease deed by the Authority in 2011. Subsequently, an FIR was lodged against the directors of the Housing Society.

The Allahabad High Court refused to intervene in the order of the authority to cancel the lease through the order of May 17, 2016, as the lease fare and other arrears were not deposited by the Housing Society, against which the house buyers knocked on the SC door.