For the third consecutive day on Monday, investors demonstrated in the Noida Extension area. Most of them were those, who have booked flats outside Shahberi village, where the Supreme Court has quashed forcible acquisition of farmers’ land.
Buyers also consulted lawyers and have been told to deal with builders directly, whom the authority has allotted the acquired land. “We have also been advised to move the Supreme Court, seeking permission that the buyers’ petition be heard by the high court,” said a buyer.
Ganesh Dhimri, a buyer, said, “I have booked a 3-BHK flat with Palm Olympia of Sam India Abhimanyu Housing Society. It is next to Gaur City. Work was going on at the site. But with more and more villages moving court, I fear this land will soon be in question too.”
Parvin Gupta, another buyer, said, “I have booked a 2-BHK flat with Amrapali’s Golf Apartments. The builder says their project is safe. But we know in the days to come farmers will move court regarding this land too.”
Yoginder Pathak, a buyer, said, “I have booked a 3-BHK flat with Amrapali’s Leisure Park. The builder claims the project is safe. The flat costs R30 lakh and I have already paid R6 lakh.”
Supertech, a realty firm, has issued an “open letter” of “surety” to customers. It has promised to relocate the unaffected units of the affected projects (in case the entire project is not affected) or an altogether different location or refund with interest.
Anil Sharma of Amrapali, which is worst-hit real estate firm in Shahberi village, said, “We are building houses in 14 states. All investments are safe. We are refunding money and relocating projects.”
The Greater Noida Authority CEO Rama Raman said builders would relocate the projects or refund the buyers’ money. The authority would bail out builders, too, mainly to ensure that they get their money back if they wish.