Noida: For Anubhav Chaudhary, the wait for his home has stretched for more than a decade, and the financial burden has only grown.In 2013, Chaudhary and his wife Isha Sharma invested around Rs 70 lakh in Supertech’s The Romano project in Sector 118, of which nearly Rs 50 lakh was financed through a loan. The couple was promised possession in 2016. The deadline then moved to 2017, followed by further delays. In 2026, they are still waiting.Chaudhary now pays a monthly rent of around Rs 40,000 along with Rs 48,000 as EMI for the flat he bought with his savings.“Nothing has changed over the last 10 years, except that we have grown old,” Chaudhary told TOI. “The problem is, I cannot even get the money that I put in. If there is a medical emergency tomorrow, I cannot sell the flat and get my money back.”Like him, BN Gupta, who bought a flat at Ecovillage in 2001, was initially promised possession in 2013. The deadline later kept shifting, first to 2017, then to 2019. Today, he is still waiting for his home.
Scores of homebuyers of the incomplete Supertech projects staged a protest outside the company’s office in Noida on Saturday
On Saturday, scores of homebuyers of the incomplete projects staged a protest outside the company’s office in Noida, demanding immediate commencement of construction and clear timelines for completion of their homes. The protesters said they would move Supreme Court again and organise a march to Parliament if their concerns are not addressed.The homebuyers alleged that despite 21 months having passed since 16 stalled Supertech projects were handed over to an apex committee, with NBCC appointed as the project management consultant, construction has not started.
Of the 16 stalled Supertech projects, six — Sports Village, Ecovillage 1, 2 and 3, UP Country and Czar Suits — are in Greater Noida, and four — Eco Citi, Romano, Capetown and North Eye (in pic) — are in Noida
Of the 16 stalled Supertech projects, six — Sports Village, Ecovillage 1, 2 and 3, UP Country and Czar Suits — are in Greater Noida, and four — Eco Citi, Romano, Capetown and North Eye — are in Noida. Of the rest, two each are in Gurgaon and Meerut and one each in Uttarakhand and Bengaluru.The projects were launched between 2010 and 2012, and around 14,000 homebuyers are still waiting for their flats, some for almost two decades. In March 2021, Union Bank of India initiated insolvency proceedings against Supertech under Section 7 of the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal (NCLT).According to the homebuyers, National Company Law Appellate Tribunal (NCLAT), which is currently hearing the matter, in its order dated Dec 12, 2024, had directed NBCC to initiate the work-allocation process and complete the contract-award process within one month, with construction scheduled to begin on May 1, 2025. Homebuyers alleged that NBCC failed to adhere to the timeline. Following intervention by Supreme Court, NCLAT revised the schedule on May 6, 2026, setting July 31, 2026, as the deadline for completing all necessary processes. That deadline has since passed, and buyers claim construction work has still not begun.NEFOWA president Abhishek Kumar said the prolonged delay had pushed homebuyers to the brink of frustration. “Not even a single brick has moved. In the last 21 months, after the projects were handed over to the apex committee and NBCC was appointed as the PMC, not even the tendering process has been initiated,” Kumar said.The protesters also questioned the expenditure incurred during the delay, alleging that crores of rupees from homebuyers’ funds had been spent over the past 21 months on committee remuneration, consultancy fees, amicus curiae fees and other related expenses, while there had been no visible progress at the project sites.The buyers also raised questions over the monitoring of the projects. They said Supreme Court had entrusted amicus curiae Rajiv Jain with monitoring implementation by the apex committee and NBCC, and with submitting progress reports to the court. However, the homebuyers alleged that the information being provided to the court does not accurately reflect the ground situation, and claimed there is no transparent mechanism through which buyers can ascertain the actual status of the 16 projects.Buyers told TOI that they have sent several emails seeking meetings and appointments with Jain, the apex committee and NBCC, but have not received any concrete response.On Saturday, buyers demanded that the apex committee and NBCC immediately provide project-wise timelines for the commencement and completion of construction, besides giving clear information on progress and registration of their homes.An NBCC official told TOI that the company has recently approached the Supreme Court seeking a RERA exemption for the Supertech projects, several of which were launched in 2010-12, before RERA came into force in 2016. RERA imposes several obligations on developers, including timelines, approvals and periodic compliance. The NCLAT had earlier refused to grant the exemption in May, holding that it was not competent to waive compliance with statutory provisions.
