Announcement

Collapse
No announcement yet.

Supertech UpCountry Expressway, Yamuna Expressway, Greater Noida

Collapse
X
Collapse

Supertech UpCountry Expressway, Yamuna Expressway, Greater Noida

Last updated: May 25 2016
48 | Posts
  • Time
  • Show
Clear All
new posts
  • #41

    #41

    Re : Supertech UpCountry Expressway, Yamuna Expressway, Greater Noida

    Is transfer of plots and registry open in this project. I heard that Supertech has pending dues towards authority, due to which registry or CC is closed.

    Comment

    • #42

      #42

      Re : Supertech UpCountry Expressway, Yamuna Expressway, Greater Noida

      Supertech UpCountry buyers not at risk, says YEIDA CEO Arun Vir Singh

      YEIDA had cancelled only the map submitted by the firm for obtaining partial completion certificate for phase 1 of the Supertech UpCountry township project in October 2015

      NEW DELHI: People who have bought houses in Supertech's 100-acre township project on Yamuna Expressway are not at risk as Yamuna Expressway Industrial Development Authority (YEIDA) had only cancelled the map submitted for completion certificate for the first phase of the project, the authority CEO said.

      "Since only the map for completion certificate has been cancelled, investors in the project are not at risk," YEIDA CEO Arun Vir Singh told ET. YEIDA had cancelled the map submitted by the real estate developer for obtaining partial completion certificate for phase 1 of the Supertech UpCountry township project in October 2015, he said. Singh said the development authority had asked the company to submit revised plans based on the 2009 building bylaws which are applicable to its 100-acre plot of land allotted in June 2010.

      Supertech chairman RK Arora said his company had contested the said order issued in October last and the matter is currently under review by the state government. He said when the company applied for the completion certificate in 2015 based on 2010 bylaws, it was told about the objections which it has contested.

      The 100-acre land was allotted to Supertech by YEIDA in June 2010 when the 2009 building bylaws were in force. The new bylaws of 2010, notified in January 2011, allow 40% ground coverage as against 25% under the previous bylaws.

      However, the floor area ratio remained unchanged, which meant the total area that can be constructed on a plot remained the same.

      Arora said, "Our lease deed clearly says that the allotment date for the 100-acre plot will be the date on which the state government confirms landuse change for the plot. The state government confirmed residential land-use for the plot on October 14, 2011, which was after the 2010 bylaws were notified in January 2011. This means the 2010 bylaws will be applicable to our land." Supertech has sold 1,000 villas and apartments in the project so far.

      The company, one of the largest builders in the National Capital Region, has faced issues with development autho-rities in recent times.

      The Greater Noida authority had recently sent a notice to Supertech for violation of sanction plans in a housing project. In its order, it has said that 1,009 flats in the project should be sealed as it exceed the originally sanctioned 844 units. This came after home buyers in the first phase of the project pointed out the violation to the authority and a team then set out to investigate.

      The builder had said that it had originally got permission for 844 units and later, under the policy of purchasable FAR by GNIDA, it submitted revised plans for approval in December 2014 to accommodate a total of 1,853 apartments, and it was deemed to have been approved as it did not receive any refusal in 60 days.







      Supertech UpCountry buyers not at risk, says YEIDA CEO Arun Vir Singh | ET RealEstate
      Download our Android App! | Please Read IREF Rules | FAQ's

      Comment

      • #43

        #43

        Re : Supertech UpCountry Expressway, Yamuna Expressway, Greater Noida

        Supertech = Go, Goa, Gone

        Comment

        Have any questions or thoughts about this?
        Working...
        X