Angry with builders, state and central governments for not coming to their aid as inordinate delays in handing over flats, homebuyers are seeking legal advice on how best to retrieve their money stuck with the builders.
Homebuyers of Noida Extension congregated at a seminar in Sector 6, Noida, today to be able to fight against errant builders.
The Noida Extension Flat Owners Welfare Association (NEFOWA) organised the seminar for buyers in Noida and Greater Noida at the Indira Gandhi Kala Kendra. A panel of legal experts - comprising senior advocate Kumar Mihir, Supreme Court advocate and NCDRC and RERA expert Mrinal Harshvardhan and Randhir Kumar Singh - addressed the gathering and advised homebuyers on the legal action they could take to safeguard their interests.
Hundreds of buyers of properties in Amrapali, Supertech, Earth, Unitech, Jaypee and other projects sought answers to their queries.
Alok Kumar, president of the Apartment of Owners Association of Indirapuram, too, gave valuable suggestions to homebuyers.
Shweta Bharti, general secretary of NEFOWA, told City Spidey that the huge presence of homebuyers indicated their willingness to come forward and fight it out legally with the builders to get their flats or get a refund of their money. “Mostly, as they are unaware of legalities and absence of proper guidance, they cannot make the right decision," she said of homebuyers. "What action to take, where to complain, which court to approach, how much time it will take, etc, are unknown to them. Which is why this seminar will be useful."
Arun Singh, a buyer of a property in anAmrapali project, said, “I had sought advice as to what would happen if the buyers stopped paying EMI, as they didn't have money. And the expert told me that as all Amrapali projects were in the Supreme Court, the bank would only do what the Supreme Court order told them to. So it would depend on the court's order.”
Several buyers of flats from Galaxy sought to know how soon the company would be completing the project.
Kumar Mihir said that most flat buyers got their answers. “Many buyers are angry with the builders - and also with the state and the central governments - as no one has come to their help,” he said.