Tag Archives: Supertech group

Supertech to deliver over 8,000 flats by December 2021

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On Friday, developer Supertech said it will deliver about 8,460 apartments to buyers by December 2021. More than 16,000 units in the ongoing projects in Noida, Greater Noida and Meerut by 2023. Supertech has a total of 13 projects in the NCR region. Four projects are located in Greater Noida, five projects in Noida, two projects in Meerut and Yamuna Expressway. According to Supertech, they are planning to hand over about 16,041 properties from December 2021 to June 2023.

The announcement came two days after Supertech met with UP-RERA officials who reviewed the developer’s pending projects. Supertech Group said in a meeting with UP RERA that it will deliver around 8,463 units by December 2021. About 7,347 units by December 2022 and 231 units thereafter for their various projects in Uttar Pradesh.

RK Arora, Supertech Group President said, the delay was due to two unprecedented waves of the COVID-19 pandemic, which affected all real estate projects. The Group will implement these projects through internal accruals, and the group has a positive net worth to meet its financing needs.

Every Homebuyer should get a home

Projects that completed and ready to deliver include Crown Towers, North Eye, Supernova, Romano, and ORB in Noida. Eco Village I, Eco Village II (Phase I), Eco Village II (Phase II) and Eco Village III in Greater Noida. Upcountry and Golf Country along Yamuna Expressway,  Meerut Green Village, and Meerut Sports City. 

UP RERA chairman Rajive Kumar said, RERA’s goal is to ensure that all buyers get their home on specified time. We occasionally check the status of all projects and this month met 60 promoters who have participated in about 150 projects in the state. “Supertech projects have also been reviewed and verified in relation to RERA orders. This group announcement was part of RERA’s work.”

According to the schedule provided by the real estate company, 8,463 units will be delivered in December 2021. About 2,308 units by March 2022, 1,132 by June 2022, 3,907 by December 2022 and 231 in 2023. Many of these projects in Noida and Greater Noida have long been delayed, as Supertech often faces protests from home buyers and harsh legal orders.

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UP-RERA to issue a show-cause notice to Supertech Realtors

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The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is about to issue a notice of show-cause to Supertech Realtors. The notice has been issued for the non-compliance to Section 5 (1) of the RERA Act. Under this notice, the developer has to explain why the application for registration of the Golf Country GH01 Phase 1A and Golfland GH01 Phase-1B should be approved and not rejected.

There are a total of 2,454 complaints filed against the developer and its subsidiaries. Of which 1,629 cases were settled and 105 and 1,243 are refund and possession orders. It was noted that home buyers filed a large number of complaints against the developer and also the developer did not comply with many of the authority’s orders.

Supertech has registered 36 projects, but the builder has shown very little interest in completing these unfinished projects. There are up to 20 projects for which the registration period has expired and which have not been completed yet.

Of the 20 projects, five projects registration was not given because the developer did not submit the penalty amount. In 13 projects, the application for registration of the project has not been submitted to the authority.

In September 2020, UP-RERA decided to conduct a forensic audit of Supernova Phase I, II, III and IV of Supertech group. But the promoter did not cooperate with the auditor, which ultimately means violation of the RERA order.  

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