Скачать или смотреть “7 Years, No Possession: Supertech Noida Flat Buyers’ Agony & Government Inaction

Paramita Banerjee booked a flat in Supertech Sports Village, Greater Noida in 2017 with a promise of completion by 2019; by 2020, construction hadn’t even begun, and her booking was later shifted to Supertech Ecovillage II in 2021, only for the developer to enter bankruptcy in 2022 under NCLT supervision—leaving her and over 4,000 other flat buyers without possession after seven years, despite repeated appeals to GNIDA, RERA, and the courts with no meaningful relief from any government body.

In 2017, Paramita Banerjee paid a hefty booking amount for a Supertech Sports Village flat in Greater Noida, assured delivery by 2019—yet by the end of 2020, there was not a single brick laid on site. When her booking was reassigned to Supertech Ecovillage II in Noida Extension in 2021, hopes were reignited, only for the company to be declared bankrupt in 2022, placing all projects under an IRP appointed by the NCLT—still, no possession has been handed over, and government authorities have offered no concrete help despite multiple petitions and court orders. In this video, we investigate the legal quagmire, the role of GNIDA and RERA, the emotional and financial toll on buyers, and explore potential remedies including NCLT resolutions, NBCC takeover proposals, and emergency government interventions.

Topics Covered

1. Project Timeline & Buyer Expectations: Booking in 2017, promised delivery by 2019, zero progress by 2020.


2. Shift to Ecovillage II: Transfer of bookings in 2021 and continued non-delivery.


3. Insolvency Proceedings: NCLT’s 2022 bankruptcy declaration and the appointment of an Interim Resolution Professional (IRP) for Supertech Limited.


4. Government & Regulatory Response: GNIDA’s and UP RERA’s actions—or lack thereof—in enforcing completion or compensation.


5. Court Interventions: Key orders by NCLT and higher courts on project resolution and buyer protection.


6. Homebuyers’ Plight: EMIs, rent burdens, mental stress, and public protests by affected families.


7. NBCC Takeover Proposal: Homebuyers’ demand to appoint NBCC for completing stalled projects under NCLAT’s directive.


8. Legal Remedies: Filing RERA complaints, approaching NCLT/NCLAT, consumer courts, and the PMO.


9. Builder Accountability: Analysis of Supertech’s financial defaults, dues to GNIDA, and use of multiple corporate entities.


10. Way Forward: Possible government bailouts, stricter RERA enforcement, and policy reforms to protect homebuyers.


Keywords

1. Supertech Sports Village


2. Supertech Ecovillage II


3. Greater Noida flats delay


4. No possession Noida flat


5. NCLT bankruptcy 2022


6. IRP Supertech Limited


7. GNIDA inaction


8. UP RERA complaints


9. NBCC takeover proposal


10. Homebuyer protests


11. Booking transfer 2021


12. Court-appointed IRP


13. Bailout for homebuyers


14. Consumer court cases


15. PMO petitions


16. Project completion demands


17. RERA enforcement flaws


18. Real estate insolvency


19. EMI and rent burden


20. Psychological toll buyers


21. Dues to GNIDA


22. Corporate default


23. Interim Resolution Professional


24. NCLAT order


25. NBCC project rescue


26. Housing policy reforms


27. Stalled Noida projects


28. Supertech dues dispute


29. Builder accountability


30. Emergency government intervention


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