Today, Honorable Supreme Court of India has ordered against the Supertech group in the case of the Emerald Court Project. Supertech will have to return buyers money in 4 days. Honorable Allahabad High Court already ordered to demolition of two 40-storey towers of the Emerald Court Project of the Supertech Group in Sector 93 A, Noida. The court also directed Supertech to return the money to the investors at an interest rate of 14 per cent.
Now after Supreme Court order the two 40-storey towers of the Emerald Court Project of the Supertech Group will be demolished and Supertech will have to return money to investors in 4 days.
In this all fault is of Supertech to carryout illegal construction and don’t care about the rules. But who is suffering from this action, only buyers, who have invested their money in this project and finally getting disappointment due to these builders illegal work.
NEFOMA wants to raise voice that this type of action. Question is how Supertech will be allowed to do this type of work. This is not possible without any involvement of other parties in development phase. We want this to be stop in future so innocent buyers will not face this type of issue. This is an example of other builders that they should not do like Supertech has done and due to those buyers will be affected and if buyers will get affected then builders will also be affected. NEFOMA is standing with all the buyers and will fight on these issues as far as possible and will take care of buyer’s rights.
Thanks & Regards,
Annu Khan
President NEFOMA
NOIDA ESTATE FLAT OWNER MAIN ASSOCIATION
PRESS RELEASE
Now after Supreme Court order the two 40-storey towers of the Emerald Court Project of the Supertech Group will be demolished and Supertech will have to return money to investors in 4 days.
In this all fault is of Supertech to carryout illegal construction and don’t care about the rules. But who is suffering from this action, only buyers, who have invested their money in this project and finally getting disappointment due to these builders illegal work.
NEFOMA wants to raise voice that this type of action. Question is how Supertech will be allowed to do this type of work. This is not possible without any involvement of other parties in development phase. We want this to be stop in future so innocent buyers will not face this type of issue. This is an example of other builders that they should not do like Supertech has done and due to those buyers will be affected and if buyers will get affected then builders will also be affected. NEFOMA is standing with all the buyers and will fight on these issues as far as possible and will take care of buyer’s rights.
Thanks & Regards,
Annu Khan
President NEFOMA
NOIDA ESTATE FLAT OWNER MAIN ASSOCIATION
PRESS RELEASE
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