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No risk for Supertech project buyers: Yamuna Expressway Industrial Development Authority CEO Arun Vir Singh

People who have bought houses in Supertech’s 100-acre township project on Yamuna Expressway are not at risk as Yamuna Expressway Industrial Development Authority ( YEIDA) had only cancelled the map submitted for completion certificate for the first phase of the project, the authority CEO said.

“Since only the map for completion certificate has been cancelled, investors in the project are not at risk,” YEIDA CEO Arun Vir Singh told ET. YEIDA had cancelled the map submitted by the real estate developer for obtaining partial completion certificate for phase 1 of the Supertech UpCountry township project in October 2015, he said. Singh said the development authority had asked the company to submit revised plans based on the 2009 building bylaws which are applicable to its 100-acre plot of land allotted in June 2010.

 

Source: ET

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