Buyers Of Lotus Panache To Move To SC In Delay In Property Possession Matter

Published on 01 Jun 2018 by Shivi

Homebuyers of Lotus Panache are planning to move to the Supreme Court against 3C Company for delaying the handover of flats to around 3,000 buyers. Lotus Panache Flat Buyers’ Association, the buyers’ group stated that it had already filed complaints with the consumer forum and the Economic Offences Wing.

Lotus Panache has 30 towers with 4,000 apartments located in sector 110, Noida. The project was sold between 2009 and 2010 and the delivery was expected to be completed by 2012. In 2012, about 1000 flats were handed while the remaining are yet to be delivered.

A senior citizen and flat buyer of Panache stated that they have invested all their savings in the flat booked by them and for many years, they have not received any response from the builder. It has been eight years since they paid up for the flat.

It was stated clearly by Sushil Kumar, General Secretary of the Association that they have organised protests in front of the houses of each of the three directors of the company and also filed an FIR earlier this year under sections 420 and 406 of the IPC. They have met the builders several times and have been told that funds are being organised.

Early this year, the homebuyers of Lotus Panache took to Twitter to protest against the company for grossly delaying the delivery of flats.


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