Problems For Lotus Society Residents Mount, Noida Authority To Challenge HC Order Asking It To Register Flats

The Allahabad HC issued an order in February instructing the authority to execute registries in home buyers’ names in Lotus 300 society located in Sector 107, Noida

 The Allahabad HC said that the project developer HPPL's 3 promoters together siphoned off Rs 426 crore and used this money to invest in other firms they were involved as promoters/directors or had other business interest. ( Image Source :Bhuwan Chaturvedi )

The Noida Authority is looking to challenge the decision of the Allahabad High Court (HC) instructing it to register the flats in Lotus Boulevard Espacia and Lotus 300 societies located in Noida. The move marks the continuation of troubles for the residents who have been waiting to obtain registries of their flats and have made all the payments required. Notably, the high court issued an order earlier in February instructing the authority to execute registries in home buyers’ names in the