Supertech directors booked over project delay
GURUGRAM: The Gurugram Police have booked three directors of real estate developer Supertech Limited after a homebuyer lodged a complaint against the firm, alleging that it failed to construct a residential project in the city despite receiving money from around 1,000 flat buyers.
The Supertech Hues project in Sector 68 was launched in 2013 and is still incomplete. The project comprises 24 towers with 22 floors each, and will have around 2,000 flats.
Complainant Satvinder Sachdeva said he booked a flat costing ₹86 lakh in 2013, and the developer had promised that they would deliver the project by the end of 2017.
The complainant alleged that the developer forced him and several other homebuyers to opt for a subvention scheme — a three-party loan agreement, whereby a buyer pays a small percentage of the cost upfront, and the remainder is lent to the developer by the bank in the form of a loan.
However, Sachdeva alleged, despite Supertech receiving around ₹50 lakh from the bank, the real estate company only paid the equated monthly instalments (EMIs) on the loan till December 2019, even though the firm was to continue paying till he got possession of the flat.
“I pursued the matter with different authorities and made them aware of the seriousness of the matter, after which a case was registered at Badshahpur police station on Friday,” Sachdeva said.
Manish Yadav, district town planner (enforcement), said the department of town and country planning had on February 7 recommended that a case be registered against the real estate developer for cheating homebuyers. Police said a case was registered against three Supertech directors on Friday under sections 120 B (criminal conspiracy), 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code (IPC). HT reached out to Supertech Limited, but the management of the firm refused to comment.