Homebuyers of Supertech were eagerly waiting for the announcement on the possession of their booked flats. There are 13 projects: five in Noida, four in Greater Noida, two each on Yamuna Expressway, and in Meerut, with 16,041 units that would be handed over from December 2021 till June 2023, they said. After the delay of many projects due to the worsening situations of Covid-19, Supertech will hand over 8,463 flats by December this year and 16,000 units by 2023, they said on Friday.
Uttar Pradesh Real Estate Regulatory (UP-RERA) reviewed all the delayed projects of the developer. They called a meeting with Supertech representatives and this announcement comes within two days of a meeting of Supertech representatives with the officials of UP-RERA.
Uttar Pradesh Real Estate Regulatory (UP-RERA) reviewed all the delayed projects of the developer. They called a meeting with Supertech representatives and this announcement comes within two days of a meeting of Supertech representatives with the officials of UP-RERA.
“The delay has been on account due to the two waves of Covid-19 which hit the real estate sector,” said the Chairman of Supertech RK Arora. He further said that “Supertech Group will complete all these projects from internal accruals and the group has a positive net worth to meet the funds requirements.” The projects for handover are: Romano, Crown Towers, ORB, North Eye and Supernova in Noida Eco Village, Eco Village 2 (Phase 1), Eco Village 2 (Phase 2), and Eco Village 3 in Greater Noida besides Upcountry, and Golf Country along the Yamuna Expressway, Meerut Sports City and Green Village, Meerut, according to the statement by Supertech.
RERA protects the right of every homebuyer and keeps track of all the activities of real estate developers. UR-RERA chairman Rajiv Kumar told PTI, “RERA’s objective is to see that every homebuyer gets their home. We review situations of all the projects from time to time and have met with 60 promoters involved in around 150 projects in the state this month.”
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