Buyers unite on saving Noida Extension
26,000 homebuyers had been homeless and their dreams have been shattered in less than a fortnight time under the twin blows order by Allahabad High Court of Sahberi and Patwari verdicts, but seems the realisation that it is more important to buyers to ensure the survival of Noida Extension first for safeguarding individual investments is slowly sinking in. Buyers have also softened their stand against builders realizing that the continuing reverses in court could drive them to bankruptcy, in turn wiping out buyers’ investments.
Many flat buyers are of the opinion that builders and buyers should form a joint forum because both are at the receiving end of court verdicts on Noida Extension.
In contrast, Noida Extension Flat Buyers’ Welfare Association (NEFBWA), which claims to have 3,000 registered members, is in Allahabad to move the high court to hear the stand of buyers. “For the last two days, we have been filing applications to be impleaded in the high court on the basis of writs filed by different villages in Noida Extension,” said secretary of NEFBWA, GL Sagar. “We have filed six applications till now and hope to file 20 more by tomorrow,” Sagar told TOI.
The buyers’ movement, therefore, seems to be headed towards greater unity of purpose amongst the multiple small associations. “It is extremely important that project-specific groups coalesce. Today, the future of entire Noida Extension is at stake,” said software engineer Ravi Garg, member of a 150-strong group of buyers who have booked houses in various categories with Panchsheel group.
Times of India
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