The stalled construction work since last two and half years is yet to restart.
A group of home buyers in Shivalik Homes, a stalled project of Cosmos real estate firm in Greater Noida West, has decided to take developer into the court for not completing the project and allegedly investing money for other purposes.
The project is among those which have been left incomplete since 5-10 years along with several other projects like Amrapali Dream Valley, Airwill, JNC Park, Vendantam, Earth India and many more.
As per the information, many home buyers have lodged their complaints with the UP-RERA.
Gaurav Deep, a flat buyer privy with the matter said, “UP-RERA has even ordered the developer to return the money of those home buyers who want to get their money back. However, no one has so far received the amount they had already paid. Greater Noida bench of UP-RERA has recently directed to return home buyers’ money in nearly 20 cases.”
The home buyers alleged that they have been betrayed and they would seek justice from the Supreme Court. The developer was supposed to develop around 700 flats. Out of which, around 290 were booked. Construction was halted after building two to three floors in many towers in last two and a half years.
“I had booked a flat in this project in 2015 and have paid 40 per cent of the dues. Later, I lodged a complaint to RERA. In March this year, RERA has directed the developer to complete the project and handover flats to the allottees by December this year,” said Shailendra Chaturvedi, another homebuyer.
“However, construction is yet to resume in stalled projects. Therefore, we have decided to approach the Supreme Court now,” he added.
The home buyers had on Sunday staged a protest at the project side to raise their concern. A homebuyer told CitySpidey that it was the first time when Shivalik Home’s buyers staged protest against the developer.
Abhishek Kumar, President of the Noida Extension Flat Owners’ Welfare Association (NEFOWA) said, “The number of abandoned projects are rising. Now, the number of flats and towers that are abandoned are close to the size of a small city. Despite the induction of RERA, home buyers have to run pillar-to-post to get possession.”