Noida illegal housing row: SC orders Supertech to refund money or allot houses to flat owners
The Supreme Court on Wednesday asked real estate company Supertech to refund the money to flat owners of Apex and Ceyane apartment complexes in Noida which were directed to be demolished by Allahabad High Court.<br />
The Supreme Court on Wednesday asked real estate company Supertech to refund the money to flat owners of Apex and Ceyane apartment complexes in Noida which were directed to be demolished by Allahabad High Court.
The top court has ordered Supertech to give back within a month the principal amount to those allottees who had applied for refund. The court also asked Supertech to allot another flat to allottees who did not want to get a refund and had agreed to accept builders offer to opt for a flat in any other Supertech project.
The Supreme court rules out, "Allottees are entitled for the amount as it is their hard earned money and they can't keep moving court. Supertech to give back within a month the principal amount to those allottees who had applied for refund".
So in essence, Supertech has to refund the principal amount to flat owners by August 30 and pay 14 percent interest on the amount by October 30.
The Allahabad High Court in April ordered the demolition of two 40-storey towers of real estate firm Supertech for illegal construction.But the Supreme Court had later stayed the demolition but refrained Supertech from selling or transferring the flats.
The residential towers were part of the Emerald Court Project in Sector 93 A, Noida. They are unoccupied.
The two towers have 857 apartments of which 627 had been booked the high court ordered their demolition.
The HC order came on a petition of the Emerald Court Owner Resident Welfare Association, which had alleged that the approval and construction of the two towers was "in complete violation of the Uttar Pradesh Apartment (Promotion of Construction, Ownership and Maintenance) Act".
The petitioner also claimed the Noida authority had given permission to raise the height of the two towers, which was earlier supposed to have only 24 floors each, "without maintaining the mandatory distance of 16 metres from an adjoining building block, making it "unsafe, apart from blocking air and light".
Supertech had filed a petition in the Supreme Court after which the apex court had has stayed the demolition of the towers but restrained the company from selling any apartments in the two towers in Noida.
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