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Homebuyers of SDS NRI Township in Sector 26A are protesting an additional INR 10 lakh demand per homeowner by developer SDS Infracon for farmers' compensation. Buyers argue the charge is unjustified and stems from the builder's delayed payments. SDS Infracon cites a Supreme Court ruling in its defense, while YEIDA has promised to review the matter. Around 1,450 buyers are affected, with many awaiting essential services and plot registrations. The dispute underscores persistent real estate challenges, with buyers demanding infrastructure development, financial relief, and government intervention to prevent undue cost burdens in such projects.
Homebuyers of SDS NRI Township in Sector 26A are expressing strong dissatisfaction after the developer, SDS Infracon, has demanded an additional sum of approximately INR 10 lakh from each homeowner. The township, situated near Noida airport along the Yamuna Expressway, has become a site of agitation as buyers contest the legitimacy of the charge. Advertisement
The homeowners claim that the additional demand of INR 8,746 per square metre for farmers' compensation is not only excessive but also unjustified. In response, they have organised a series of protests against the developer, arguing that they should not be held accountable for cost escalations due to the builder's failure to make timely payments.
SDS Infracon, however, maintains that the Supreme Court's ruling supports this additional charge being imposed on buyers. Meanwhile, Yeida authorities have assured that they will examine the issue and take appropriate measures.
At least 1,450 buyers in Yeida's Sector 26A are affected by this demand, leading to widespread unrest. Tarun Sharma, general secretary of the NRI Township Yamuna Plot Owners Association, expressed that homeowners are being asked to pay four times the initially agreed compensation while still being deprived of fundamental civic amenities such as electricity, water, roads, and parks. He affirmed that buyers have resolved to continue their protests and seek Yeida's intervention.
Buyers have formally requested both Yeida and the Uttar Pradesh government to step in, urging immediate plot registrations, essential services, and relief from penalties. While Yeida has issued temporary and conditional completion certificates (CCs) for approximately 500 plots, construction remains stalled due to unresolved infrastructure deficiencies, and nearly 900 buyers are still awaiting plot registrations.
SDS Infracon recently issued letters to homeowners, clarifying that the additional farmers' compensation has been a subject of legal disputes. The builder cited the Supreme Court's ruling in May 2022, which ruled in Yeida's favour. The developer's communication further stated that under the tripartite sub-lease agreement, buyers are obligated to bear the additional cost in proportion to their respective plot areas.
Homebuyers continue to view these charges as an undue financial burden, particularly as the township remains underdeveloped. Concerns have also been raised over Yeida's decision to issue completion certificates and approve plot registrations despite the absence of essential services.
Buyers insist that while they have fulfilled their financial obligations, the developer has failed to meet its commitments. The NRI Township Yamuna Plot Owners Association has outlined urgent demands, including reopening plot registrations, ensuring immediate provision of electricity and potable water, and safeguarding homeowners from unjust financial penalties. The association has urged the government to implement a dedicated policy preventing developers from transferring additional financial liabilities onto buyers when they are not at fault. They have also emphasised the need for the township to be developed as originally promised.
Buyers are expected to meet Yeida's chief executive officer in the coming days to address the issue further. In response, Yeida CEO Arun Vir Singh stated that the authority would review the matter and take the necessary actions accordingly.
The dispute between homebuyers and SDS Infracon highlights the ongoing challenges in real estate, where buyers often bear the brunt of unforeseen financial demands. With nearly 1,450 buyers affected, the protests and appeals to authorities reflect the urgency of the situation. As Yeida investigates the matter, the affected buyers remain hopeful for a resolution that ensures fairness and accountability. Their demands for infrastructure development, financial protection, and plot registrations are crucial for restoring confidence in the real estate sector. Whether Yeida intervenes effectively or the legal framework provides relief remains to be seen.
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