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'I'm Yet To Get Refund for Property Booked at Supertech Twin Towers in Noida'

"Though a majority of buyers have been compensated, I am yet to be paid my dues," says Puneet Marwaha.

Published
My Report
2 min read

Video Producer: Maaz Hasan
Video Editor:
Mohd. Irshad Alam, Rajbir Singh

The Supertech Twin Towers in Sector 93A, Noida, are set to be demolished on 21 August. The proposed 40-storey twin towers had 711 property buyers. I was one of them, and my dreams will turn to dust that very day.

Though a majority of buyers have been compensated as per the Supreme Court's guidelines, I am yet to receive my dues.

I booked a property at one of the Supertech Twin Towers on 10 October 2010, after which we kept giving payments. I got possession of the property in 2014. Then, we got to know that the towers' matter was sub judice, and later, a stay order came. And now, it's getting demolished.

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We are supposed to get a refund but we haven't so far.

On 25 March 2022, Supertech was also declared bankrupt by National Company Law Appellate Tribunal (NCLAT) and is going through insolvency.

"In 2014, when I got possession of the property, I put up a board to start my business activities and installed a small office temple. That's when the stay order came. I would have expanded my business of property dealings if not for that."

If my business had thrived, there would have been circulation of money, through which I could have covered my daily expenses.

I had paid around Rs 45 lakh for the commercial property that I had booked. And now, I am running after my money and requesting them (Supertech) to refund my money.

"They are saying that they are struggling with funds. They are giving me assurances that they will return the money, but I don't know when."

I would like to appeal to Supertech to kindly refund my due amount. Please give me whatever is due.

(All 'My Report' branded stories are submitted by citizen journalists to The Quint. Though The Quint inquires into the claims/allegations from all parties before publishing, the report and the views expressed above are the citizen journalist's own. The Quint neither endorses, nor is responsible for the same.)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

Read and Breaking News at the Quint, browse for more from my-report

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