04-Mar-2025 11:24 PM
3891
New Delhi, March 4 (Reporter) Hundreds of homebuyers, waiting for possession of their flats in a project in Gurugram for over 12 years, today got no relief from the Supreme Court on their petition for a directive to ensure its early completion.
The top court dismissed the writ petition filed by the homebuyers of Project Greenopolis and asked them to approach the appropriate forum, such as the High Court, before seeking intervention from the apex judiciary.
The petition was filed by the Homebuyers Association (GWA), representing affected buyers who invested in Project Greenopolis, jointly developed by Orris and Three C. After collecting Rs 1,200 crore from homebuyers, the project was stalled in 2016, leaving buyers in limbo, according to the petitioners.
A Supreme Court Bench, comprising Justice B.V. Nagarathna and Justice Satish Chandra Sharma, dismissed the plea filed under Article 32, granting liberty to the petitioners to move an appropriate jurisdictional court or forum.
The association initially filed a complaint in 2018 with the Haryana Real Estate Regulatory Authority (HRERA) which passed orders in January 2019 and October 2020.
However, the Corporate Insolvency Resolution Process (CIRP) was initiated against the builder company 'Three C' and another company Orris bought it. Orris promised to complete the remaining work and deliver the flats to all the allottees but it has not been fulfilled yet.
The homebuyers have accused builders of exploiting the Real Estate (Regulation and Development) Act (RERA) and the Insolvency and Bankruptcy Code (IBC) to their advantage. They allege that HRERA has failed to enforce its orders and has been unable to compel Orris and Three C to complete the project.
In their plea before the Supreme Court, the homebuyers sought directions to the HRERA, the Department of Town and Country Planning (DTCP), and the State to develop a plan for handing over the unfinished project to a third party, such as NBCC, to ensure its completion and possession for buyers who have been waiting for 12 years...////...