Developers may seek legal recourse against GNIDA

Published on by 7bighagroup

A day after Allahabad High Court scrapped land acquisition at Patwari village, it’s just not the buyers, but also the builders who are reeling under shock. At least 11 developers in the Noida Extension area went into a huddle and then decided to meet the Greater Noida Authority chairman, Mohinder Singh.

They met Singh on Wednesday afternoon and tried to hammer out a strategy to stave off the crisis. While the developers claimed they are yet to calculate the exact impact of the high court order on their projects, they felt that “seeking legal recourse  was the only possible option”.

“It is too early to come out and say what our next step will be, but we are discussing details of approaching the Supreme Court against the high court order. We will become a party to the case and approach the SC, along with all buyers and developers in the area, seeking relief,” said Getamber Anand, national vice-president of the Confederation of Real Estate Developers’ Association, speaking on behalf of all developers. “We hope that the SC will take a holistic view of the matter, considering the voice of each stakeholder and give us directions to amicably resolve the issue,” Anand added.

Around 50,000 private housing units were proposed to come in the Patwari area and according to developers, around 20,000 bookings have already been made in the area. The 11 developers affected by the Patwari order, meanwhile, have appealed to all buyers to “be patient”.

“We are waiting for the detailed HC order to assess exactly how many and what parts of our projects have been affected. But we want to appeal to our buyers to be patient for some time. We are with all our buyers and to protect their investments and interests is a matter of priority to us,” said Ajay Kumar, director, Amrapali Group. Parts of three of Amrapali’s projects — La Residentia, Ultra Home and Leisure Valley — have been affected by the high court order.

Another developer, Supertech, whose Eco Village-I project falls in Patwari village said it was waiting for the HC order before discussing the issue with the Authority. “The question of refund or relocation does not arise as yet and we need to wait. We will meet the Authority and decide if at all we have to seek legal redressal. We will protect our buyers’ interest and claim our losses from the Authority,” said R K Arora of Supertech.

Developers have reiterated that the “fault” lies with “GNIDA” and that they will claim losses from the Authority. “We could never have anticipated that acquisition of state land could be quashed like this. Patwari is different from Sahberi, where farmers were yet to claim compensation. So we went ahead and carried out construction at a good pace. Now our investments worth crores have been jeopardized. The state must soon find a solution,” said Anil Sharma, chairperson and MD, Amrapali group. allows Property listings all across the India. Just register YourSelf and List Properties all Across the India Absolutely Free and Recieve Genuine Clients for Your Property.

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