 "Over 1,000 flats of Supertech's project Czar in Greater Noida to be sealed")
In a second blow to Supertech, the Greater Noida Industrial Development Authority (GNIDA) has ordered sealing of more than 1,000 flats in the former’s Czar project, citing violation of rules.
Some residents of Czar in Sector Omicron-1 went to GNIDA and complained about alleged violation of the sanctioned plan. GNIDA passed the order to seal 1,009 flats. Of the total units, half have already been sold.
The authority had asked the builder to seal all housing units beyond the sanctioned 844 units. The notice was given on April 11 and the company has been given 30 days to implement it.
Supertech claims it has not violated any rule and had purchased Floor Area Ratio (FAR) from the authority in 2014. Chairman R K Arora said: “We had applied to purchase additional FAR in 2014 and also given revised plans.”
“Going by the building by-laws, the given plan shall be deemed to have been approved in 60 days in case no refusal or sanction is given by the authority. Therefore, the company undertook the construction of additional flats, which is legal and tenable under the law,” Arora said.
He said the matter was expected to be resolved shortly. The company said none of the 1,853 units, which is either ready or being constructed on the 20-acre housing project, is unauthorised. This is the second such case when Supertech has been hauled up. In 2014, the Allahabad High Court had ordered demolition of two 40-storeyed towers in Supertech’s Emerald Court project in Noida because the company had built more floors than permitted.
The company challenged the order in the Supreme Court, where the matter is pending. In a reply to the GNIDA notice, Supertech said, “As far as the additional units constructed over the said plot, it is submitted that the company vide its letter dated December 23, 2014… applied for purchasable FAR along with request for increase in population density on the plot and has submitted the revised building plan to accommodate all 1,853 units constructed or under-construction. Now the company is ready to pay the cost of additional units over and above the 844 units, which is permissible going by the aforesaid notification of the government of Uttar Pradesh.”
The buyers’ activism is on the rise for last few years as several housing projects have been delayed repeatedly. In many case, buyers came on the streets and protested against the developers. So far, the realty sector was devoid of any regulator. With the passage of the Real Estate Regulatory Bill in the first phase of the Budget session in Parliament, things are expected to improve in the future.
Real estate market is in a slowdown phase where developers are struggling with low sales and high inventory.
Some residents of Czar in Sector Omicron-1 went to GNIDA and complained about alleged violation of the sanctioned plan. GNIDA passed the order to seal 1,009 flats. Of the total units, half have already been sold.
The authority had asked the builder to seal all housing units beyond the sanctioned 844 units. The notice was given on April 11 and the company has been given 30 days to implement it.
Supertech claims it has not violated any rule and had purchased Floor Area Ratio (FAR) from the authority in 2014. Chairman R K Arora said: “We had applied to purchase additional FAR in 2014 and also given revised plans.”
“Going by the building by-laws, the given plan shall be deemed to have been approved in 60 days in case no refusal or sanction is given by the authority. Therefore, the company undertook the construction of additional flats, which is legal and tenable under the law,” Arora said.
He said the matter was expected to be resolved shortly. The company said none of the 1,853 units, which is either ready or being constructed on the 20-acre housing project, is unauthorised. This is the second such case when Supertech has been hauled up. In 2014, the Allahabad High Court had ordered demolition of two 40-storeyed towers in Supertech’s Emerald Court project in Noida because the company had built more floors than permitted.
The company challenged the order in the Supreme Court, where the matter is pending. In a reply to the GNIDA notice, Supertech said, “As far as the additional units constructed over the said plot, it is submitted that the company vide its letter dated December 23, 2014… applied for purchasable FAR along with request for increase in population density on the plot and has submitted the revised building plan to accommodate all 1,853 units constructed or under-construction. Now the company is ready to pay the cost of additional units over and above the 844 units, which is permissible going by the aforesaid notification of the government of Uttar Pradesh.”
The buyers’ activism is on the rise for last few years as several housing projects have been delayed repeatedly. In many case, buyers came on the streets and protested against the developers. So far, the realty sector was devoid of any regulator. With the passage of the Real Estate Regulatory Bill in the first phase of the Budget session in Parliament, things are expected to improve in the future.
Real estate market is in a slowdown phase where developers are struggling with low sales and high inventory.