Flat buyers hold protest rally
Hundreds of investors under the banner of Noida Extension Flat Buyers Welfare Association (NEFBWA) on Saturday held a peace march to raise their concern over the issue of land acquisition.india Updated: Jul 24, 2011 00:42 IST
Hundreds of investors under the banner of Noida Extension Flat Buyers Welfare Association (NEFBWA) on Saturday held a peace march to raise their concern over the issue of land acquisition.
Led by association president RP Tyagi, the march started from Sector 14 (A) and proceeded towards Film City. In view of traffic snarls, the rally was not allowed to reach Sector 18. It was stopped near DND Flyway and diverted back to Sector 14A.
During the peace march, traffic jams were reported from Sector 1 crossing, Naya Bans area, Rajnigandha crossing and Atta crossing.
Tyagi said that over 4,500 buyers have become members of the association. Majority of the buyers have said they want the flat and not the refund.
"We have moved the Allahabad High Court and requested the court to hear our petition before deciding any case of Noida Extension. We have also stated that we should be made party to the case so that we can plead our case before court," said Tyagi.
"We want the authority to resolve the crisis with farmers and revive the projects. The authority's credibility is at stake," said Tyagi.
Buyers have been left in the lurch. "After retirement, I had bought a flat at Noida Extension for R10 lakh. Now, that money was blocked," said DS Bhagotra, one of the investors.
Anant Bhatnagar, another investor, said, "We have sympathy with farmers, but we want our house at the same time."
On Friday evening, builders had a meeting with investors at Noida. Builders expressed inability to give refund to the buyers. They, however, assured the buyers that their money was safe.
Buyers, who are feeling cheated, have been reportedly told to stand by builders and fight the case in court.