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Noida twin-tower row: Buyers want their homes only, not the refund from developer
Hundreds of home buyers in the Emerald Court residential project in Noida's sector 93A held demonstrations on Sunday against the developer Supertech. Notably the Allahabad High Court had ordered the demolition of 40-storey twin-towers developed by the developer.

About 250 people have bought houses in these two towers, and on Sunday all of them gathered at the construction site and decided to move to Supreme Court to reclaim their flats, instead of refund of their invested amount at the rate of 14 per cent. Most of the buyers have already paid 95 per cent of the apartment cost to the builder, which is around 25 lakhs to 30 lakhs, at the time of purchase (5 years back) and now the flat rates are around Rs. One Crore, so the buyers are not ready to take refund.

Anant Pandey, a buyer who has booked a flat in one of the twin-towers, said, “We had a discussion with the executives of the Supertech Group, and they assured us that they will be giving us our flats. They have also taken a stay order from the court. We are with a positive hope that we will get our dream homes and we don't want to get trapped in legal troubles.”

When asked about their rejection to take help from other buyer's association, he replied, “We don't want to create any mess. We want the involvement of only three parties in this issue, Noida authority, investors and Supertech group.”

The twin-towers - Apex and Ceyane, were ordered to be demolished within four months by the Allahabad High Court. A petition was filed by a welfare association of Emerald Court's existing residents, saying that the new towers were blocking the 'light and air' of the other apartments in the complex.

The court has also ordered the prosecution of the officials of Noida authority. While the Noida Authority is defending themselves by saying, 'the building was given approval according to the old rules, and now new rules have come up and this building, does not fulfill the new rules.'

According to a report by Economic Times, 'In 2006, the Noida authority allotted an additional 6,556.51 sq m in the same plot to the builder, who had proposed to build a ground plus one shopping centre and an apartment block with 11 floors, similar to the other towers constructed on the plot. But the developer increased the height of the towers to 24 floors in 2009 and then to 40 floors in 2012.'

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