Spread over 7 million square feet, the project is located in Noida's Sector 94 and is being constructed by Abu Dhabi-based Arabian Construction Company (ACC) for Supertech
Supertech said of the 864 complaints, it has settled 334 since the opening of the lockdown by providing alternative flats or compensation to complainants
The multi-crore premium residence project of Supertech was initially supposed to be delivered in 2016 but the delivery date was subsequently revised to May 2018, according to sources
Real estate developers were asked to apply to seek money from this fund
According to sources, Supertech is in advance stage of discussions with some potential buyers to sell this office complex, and the deal could be finalised soon.
This project will also have an 80-storey tower comprising 600 studio apartments and 250 flats and another tower having a 250-room hotel and 80 Armani branded residences
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered the submission of lawyer Gaurav Agrawal
The apex court had said that first, the principal amount would be given to the investors and then the issue of interest and compensation component would be decided
Supertech has recently raised around Rs 8 billion from Altico Capital and L&T Finance to complete its ongoing projects
Supertech Capetown is one of the largest group housing projects of NCR with 8,000 residential units
The court has fixed January 17 as the next date of hearing
The bench said that consumers can register themselves on the portal and they will be given back their principal amount along with 14% interest
Residential project to be launched during Diwali in 2017
Salman Khurshid told the bench that Supertech already paid Rs 107 cr to investors
Supertech will develop 25 lakh sq ft area in retail and commercial segment across Delhi-NCR
Supertech top three officials allegedly cheated a man who booked his dream flat in Greater Noida
The company has appointed consultants to raise funds through ECB route
The builder claimed that only Rs 45.92 lakh was paid by the complainant
The company is in talks with potential investors from Singapore and West Asia
He speaks about the changes in his company to regain customer confidence