Relieved at HC verdict, 5000 Noida Sector 107 homebuyers wait for SC hearing

In an affidavit, the Noida Authority had agreed to increase its compensation by 64.7% and 10% land to its legal opponent Maharishi Vidyalaya.

NOIDA: Nearly 5,000 homebuyers in Noida’s Sector 107 are a relieved lot after the Allahabad high court disposed of all petitions against the land acquisition in Salarpur village, on which the Sector 107 project stands.

In an affidavit, the Noida Authority had agreed to increase its compensation by 64.7% and 10% land to its legal opponent Maharishi Vidyalaya. The case was then withdrawn and nullified by Maharishi Vidyalaya, the trust that had challenged the acquisition. The Allahabad high court was hearing a review petition against the acquisition, sent by the SC.

However, the high court is yet to give a written order. The hearing in a parallel case for the same land will be held in the Supreme Court on July 19, following which the issue is expected to be fully resolved.

“In view of the order passed on July 11, 2016, the construction of flats can now be completed by the builders and possession can be handed over to allottees,” said Manish Goel, counsel for the buyers in the high court.

“We are relieved. At least now, the houses can be completed and handed over. It has been a long-drawn struggle. This is a success for buyers,” Puneet Parashar, a Sector 107 homebuyer, who has been leading the movement from the front, said.

The homebuyers had over the last few years staged dharnas, blocked roads, held demonstrations and even ran a social media campaign to draw attention to their problem. The litigation has been running parallel in the Supreme Court and the Allahabad high court.

Arun Kalra, another representative of the Sector 107 homebuyers’ group, said all the buyers were relieved that now the project was out of the ambit of lawsuits.

Source: http://realty.economictimes.indiatimes.com/news/regulatory/relieved-at-hc-verdict-5000-noida-sector-107-homebuyers-wait-for-sc-hearing/53202311

 

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