LOK ISSUES

‘What Will It Take Supertech To Deliver My House – My Dead Body?’

By LokMarg 29th May 2023

Dog-tired of chasing her house from a private builder after her husband’s death, Paramita Banerjee from Noida seeks President’s permission for mercy killing. Her appeal:

Just like me there are many homebuyers in Noida who are frustrated and angry due to the delay in possession of their flats. We have been waiting for several years and are yet to receive our homes from the builders. This delay has resulted in a financial burden on the homebuyers who are paying for rent and the home loan. Despite promises from the government and builders, no concrete action has been taken to resolve the issue.

The situation in Noida has worsened in the past few years. Several builders have delayed the projects, and in some cases, even abandoned them. The reasons for the delays are varied – ranging from financial difficulties and legal disputes to regulatory hurdles.

After the Real Estate Regulatory Authority (RERA), my husband and I were quite confident and we booked a flat at Supertech’s Sports City in Greater Noida on a 40:60 payment basis. We belong to a middle-class family so we sold our gold and managed to pay 40 per cent of the amount. Supertech had promised to deliver the flat by 2019. Soon the Pandemic hit our country and I lost my spouse during the pandemic and that ordeal knew no bounds.

Soon after, Supertech was declared bankrupt by the National Company Law Tribunal (NCLT) in March 2022. Now I stay in a rented apartment with my daughter, who’s a student of class IV. With the heavy school fees, living expenses, hefty ongoing EMI, I am struggling to meet my monthly expenses. This situation is also impacting our social and mental wellbeing. I feel cheated and helpless, and the trust in the government and the builders has been shattered.

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I have been protesting for a long time to demand my rights, I visit the builder’s office only to get fake promises. Just like me many homebuyers have approached the government, the courts, and the National Company Law Tribunal, but the result has been disappointing. The government has not taken any concrete action to resolve the issue, and the courts have been unable to deliver timely justice. Moreover, as the value of the property has appreciated over the years.

Our honorable President, Mrs. Murmu is a woman and she can understand the pain of a single mother struggling to pay her only child’s school fees and being forced to live in a rented apartment despite spending life’s savings on buying a flat which is far from possession.

We have government agencies like CBI, EOW and ED, why can’t they find the address of Supertech’s owners? Why are we not getting any justice at all? Why has our government turned deaf ears towards the struggles of homebuyers?

The government should work towards establishing a transparent and accountable regulatory framework for the real estate sector. The implementation of RERA has been weak in many states, including Uttar Pradesh. The issue requires urgent attention from the government, the builders, and the industry bodies.

We homebuyers have invested our life savings in these flats, and we deserve to receive our homes on time. The government should take strict action, catch the so-called bankrupt builders, against the delay in possession of flats and streamline the regulatory framework to protect the interests of homebuyers. The builders should also be accountable for their actions and work towards completing the projects on time.