Tag Archives: Greno West Real estate

Supertech 1st developer to face its Victims’ Forum

Posted on by Track2Realty
Track2Realty Exclusive

News Point: In an unprecedented move, Outlook for Social Change (OSC), a collective of citizens, has launched a platform to unite home buyers in projects of Delhi NCR’s real estate giant Supertech Limited.

Supertech Sports Village. Sports Republik, Greater Noida West Property, Noida Extension property market, Greno West Real estate, RK Arora, Sports-themed housing projects, Indian real estate market, Indian property market, India real estate news, Track2Media Research, Track2RealtyIn order to bring the home buyer victims of Supertech Limited under a common umbrella, OSC has launched www.supertechvictimsforum.in which would be managed by volunteers of the Supertech Victims Forum.

Dedicating Supertech Victims Forum (SVF) to the public at large, the National Convenor of SVF said, “Real Estate Developers like Supertech have been blatantly victimizing hundreds of homebuyers in multiple ways. A customer is a king for real estate developers till signing of the agreement. After signing of the agreement and making payments, a customer is treated like a beggar. Our objective is to ensure that a home buyer is not shortchanged, oppressed and victimized by the powerful builders who more often than not enjoy dictatorial powers because individual customers in the same project have no structured way to unite till they are handed over possession and a Resident Welfare Association is formed”.

Based on numerous complaints and instances of blatant high handedness that have come to the notice of the now formed Supertech

Victims Forum, the largest number of complaints is of delayed possession. While a builder makes promise of delivery of goods (residential dwelling) in the agreement, they include clauses that virtually allow them to keep delaying the possession endlessly.

According to information received by Supertech Victims Forum, customers of Delhi NCR based builders like Supertech, Amrapali, Jaypee and Unitech form the largest number of home buyer victims. OSC during the course of coming months will launch forums for victims of Amrapali and Jaypee real estate projects.

“The launch of www.supertechvictimsforum.in is just the beginning. We will soon launch similar forums for homebuyer victims of other real estate developers like Amrapali and Jaypee so that the voices of homebuyer victims results in time-bound and expeditious resolutions”, said Professor Tripathi.

“All online advocacy platforms launched by OSC will solely before purpose of ensuring progressive changes in conduct of builders and in interest of public at large. At no given point of time we will allow any factually incorrect complaint or case to be highlighted”, he added.

OSC further said that the first recourse that would be attempted is to engage into a constructive dialogue with the real estate developer, like Supertech. In case, Supertech does not provide a reasonable resolution within 14 days of the case being shared with them, we will not waste any more time and seek redressal as deemed appropriate on a case-to-case basis.

The second most common complaint that has come to the information of OSC is lack of promised facilities and quality at the time of handing over possession.

“No builder can go scot-free after indulging into anti-consumer and unethical practices by greasing palms of government officials to get approvals or certificates. We will ensure that strictest of criminal action is taken on erring builders and government officials for conspiring against the interest of homebuyers, i.e. in public interest,” said a press release issued by the OSC.

OSC further added that many properties acquired by builders from Development Authority through an auction process smell of collusive bidding and cartelization. OSC has come across cases where auction of land parcels have been held by a Development Authority for a particular sector on the same day.

For example, auction of 5 residential housing plots were held by a prominent State Government authority on 12th March 2010. The 5 winning bidders had placed their winning bids which were a few hundred rupees over the reserve price. All the builders were allotted these prime plots barely a couple of hundred rupees more than the reserve price, with all winning bids of the 5 land parcels being in close proximity of each other.

“Should there be a probe in such cases? Or should such land parcels be auctioned in phases so that the government can maximize its earnings, or at least get a fair share of windfall gains made by private builders? These are pertinent points that have to be discussed, debated and decided upon by lawmakers. OSC would raise such issues in appropriate forums so that national, public and consumer interest do not get compromised in order to serve private interests of a chosen few,” Professor Abhilash Tripathi said.

Professor Tripathi added, “One of the most important aspect is formation of a Consumer Protection Mechanism by making it mandatory for every real estate developer to provide a bank guarantee for refunding the payments made by homebuyers in case of the builder not meeting the contractual commitments in reasonable time frame. We will propose formation of such a mechanism to Narendra Modi, so that a homebuyer opting for this option can encash the bank guarantee, subject to certain conditions. We know it well that we will face tremendous resistance from the powerful builder lobby. But the collective and collaborative voice of individual home buyers is powerful enough to make platforms like www.supertechvictimsforum.in to usher in a social change”.

By: Ravi Sinha

Supertech saga of flouting norms, buyers’ harassment & media management

Posted on by Track2Realty
Track2Realty Exclusive

News Point: Supertech is a case study in flouting norms in connivance with officials, taking home buyers for a ride and media management to cover up its malpractices. 

Supertech Sports Village. Sports Republik, Greater Noida West Property, Noida Extension property market, Greno West Real estate, RK Arora, Sports-themed housing projects, Indian real estate market, Indian property market, India real estate news, Track2Media Research, Track2RealtyThe news about the forgery by serial offender Supertech leading to cancellation of its Yamuna e-way township plan has not come as a surprise. As a matter of fact, this is the third major instance, besides many instances of buyers’ harassment and flouting of norms, in recent times where the real estate developer has taken both the government authorities and the buyers for a ride.

In the latest instance of forging the document, in 2015 when Supertech sought the completion certificate for the project, the two successive CEOs of YEIDA – Santosh Yadav and Anil Garg – pointed out that building plans had been modified on the basis of a forged document.

One of NCR’s biggest real estate players by market size that claims to have delivered 16,000 apartments this year, Supertech has once again landed its buyers in a big mess. The building plan for its 100-acre township – Upcountry – on the Yamuna Expressway has been cancelled after two successive CEOs of the Yamuna Expressway Industrial Development Authority (YEIDA) pointed out that the builder had got a revised plan sanctioned on the basis of a forged letter. Both recommended that an FIR be lodged against Supertech.

This letter from 2011 paved the way for Supertech to increase its ground coverage at the cost of open area in the township. Supertech thus sold an extra 730 plots and villas for an estimated Rs 343 crore.

Supertech Upcountry, with 28 towers, each housing 120 residential units, 948 villas and plots, is almost ‘sold-out, at least the builder claims it on the official website.

Supertech was allotted a 100-acre plot – TS-1 – in Sector 17A along the 165-km Yamuna Expressway on June 14, 2010. The plot was registered in August. The then Chairperson and CEO of YEIDA Mohinder Singh sanctioned the layout plan of the residential township on January 25, 2011 as per YEIDA’s building bylaws of September 2009.

However, YEIDA received a letter (no: 2153/77-3-10-01) dated September 13, 2011, purportedly signed by ‘Secretary to the Government of UP, Alok Kumar’. The letter referred to Supertech Ltd’s proposed township, saying that since no construction had been carried out on the said plot, Supertech should be allowed to construct on TS-1 as per YEIDA’s new bylaws, which came into force in December 2010.

On a specific inquiry initiated in 2015 by the then YEIDA CEO, Santosh Yadav, the joint secretary of the UP government confirmed in writing that it had issued no such letter, which meant the September 13, 2011 letter was forged.

A senior YEIDA official told TOI, “Supertech had produced a letter from the government, which gave the builder the benefit of extra ground coverage due to implementation of the building bylaws of 2010. In 2015, the then YEIDA CEO Santosh Yadav was informed about the letter being fake after which a verification was carried out and the government confirmed that no such letter had been issued and that it was a fake. Yadav had then directed that a show-cause notice be issued to the builder and an FIR be lodged.”

“In compliance with Yadav’s directions, the sanctioned plan of the township has been cancelled. As far as the FIR is concerned, legal advice is being sought in the matter. In the meantime, the developer has made a representation to Noida Authority Chairman Rama Raman (he is also the YEIDA Chairman) that he be heard as the sanctioned plan was cancelled without a fair hearing. We then told him to approach the UP Government as the matter involved a fake letter. The developer has now represented to the government that his sanctioned plan was wrongly cancelled and he has asked for his plan to be reinstated after imposing a financial penalty on him.”

Supertech CMD R K Arora told TOI he “was not aware of any letter between YEIDA and the government”. “The plan for the township was sanctioned in November 2011 as per applicable bylaws and condition of lease deed. Ground coverage is as per applicable bylaws.”

History of default

This is not the first time that Supertech has been in trouble for flouting the norms. In April 2014, the Allahabad High Court directed two towers with 857 residential units at its Emerald Court project in Noida’s Sector 93A to be demolished for flouting building norms and violating provisions of the UP Apartments Act of 2010. The matter is pending before the Supreme Court.

In April this year, the Greater Noida Industrial Development Authority directed Supertech to seal 1,009 flats and villas at its Czar complex in Greater Noida for large-scale violation of the sanctioned layout plan.

In this case, the forged letter from 2011 paved the way for Supertech to increase its ground coverage at the cost of open area in the township. Supertech thus sold an extra 730 plots and villas for an estimated Rs 343 crore.

Many of the buyers of Supertech allege that the builder resorts to arm-twisting and pressure tactics to extract more money. In one such case (Track2Realty has recorded evidence of the discussion) the buyer was asked to pay Rs. 2 lakh as ‘facilitation fee’ or bribe to Noida Authority for property transfer even before the first buyer had got the registration done.

It is a common knowledge that Supertech has many such cases of default but is know to manage the media to the extent that the buyers’ grievances are often not heard.

The big question today is that whether the toothless industry body CREDAI with a holier-than-thou President, Geetamber Anand step in to take some action. Isn’t it a fit case to drop Supertech from industry body to improve the perception management of India’s dirtiest business?

By: Ravi Sinha

Supertech launches Sports Village at Noida Extension

Posted on by Track2Realty

Superrich Sports Village. Sports Republik, Greater Noida West Property, Noida Extension property market, Greno West Real estate, RK Arora, Sports-themed housing projects, Indian real estate market, Indian property market, India real estate news, Track2Media Research, Track2Realty Under the UP Government’s scheme to develop sports-centric projects in the state, Supertech Limited has been allotted land to develop sports-centric development, Sports Village, in Knowledge Park, Greater Noida (West). The project is dedicated to the sports enthusiasts who want to learn sports while living there.

Supertech has partnered with sports stars to open up academies of different sports in the project – Tennis Academy by Sania Mirza, Cricket Academy by Shikhar Dhawan, Golf Academy by Jyoti Randhawa, Badminton Academy by Pullela Gopichand and Guns of Glory by Gagan Narang.

The academies will be set up as per the international standards providing world-class sports facilities, based on the global exposure of the players. The academies will be professionally run under the supervision of these players.

They will come on a time-to-time visit to the project to train the sports aspirants living in Sports Village. The quality management of these academies will be personally done by the players.

On this occasion, R.K. Arora, Chairman, Supertech Limited said, “We are extremely delighted to come up with an ultimate destination for sports lovers with our latest project Sports Village which aspire residents to learn and enjoy the opportunity to indulge in the games. Sports Village prides itself with a balance of contemporary styles, unique modern specifications and world-class infrastructure. The project offers world class sports academies, affordable units and luxury villas which bestow the breathtaking experience of healthy living”.

“The objective behind partnering with the best of the names in the sports is to promote sports in the area. There are many people who aspire to be great sports persons but lack of guidance confine them to shine. These academies will give an opportunity to such people to excel in the sports of their interest”, said Mohit Arora, Managing Director, Supertech Limited.

Sports Village is a part of Sports Republik, which is an integrated development spread across 175 acres of land. The township is 70% dedicated to sports activities and 30% to residential and commercial, which is very low density as compared to any other housing development.

The project comprises of low rise and high rise apartments, villas and sports academies. Sports Village has vast open spaces surrounded with greenery and all kinds of amenities.

The project boasts of an elegant and breathtaking living with lush green fields, world class sporting academies, modern sports amenities and infrastructure. This artistically designed venture is a tribute to sports determined and passionate customers. Sports Village is being designed world renowned architect, Hafeez Contractor.

Sports Village posses great connectivity as it is located on 130 meters wide expressway and just a few minutes walking distance from the last station of the under construction Metro Service Phase-III from Sector 71, NOIDA to Knowledge Park-V in Greater Noida.

The open space at Sports Village constitutes of a 9-hole golf course on approximate 20 acres of land, the landscaped area, lavish garden, pool, club, tennis court, shopping mall, banquet and plazas.