Homebuyers who have booked flats in the residential project Lotus Panache have decided to move the Supreme Court against 3C Company for delaying the handover of flats to around 3,000 buyers. The buyers’ group, Lotus Panache Flat Buyers’ Association, said it had already filed complaints with the consumer forum and the Economic Offences Wing.
The project is located in Sector 110 of Noida and has 30 towers with 4,000 apartments. It was sold between 2009 and 2010 and the delivery was supposed to be completed by 2012. Just about one thousand flats were handed over in 2012, with the remaining yet to be delivered.
“We have invested all our savings in the flat we booked. For the last so many years, we have not received any response from the builder. It has been eight years since we paid up for the flat,” said Kiran Oberoi, a senior citizen and flat buyer at Panache.
“We have organised protests in front of the houses of each of the three directors of the company. We have also filed an FIR earlier this year under sections 420 and 406. We have met the builders several times and have been told that funds are being organised,” said Sushil Kumar, general secretary of the association.