Flat owners' association in Noida Ext to move court

NOIDA: A flat owners' association in Noida today decided to take legal recourse after a private developer allegedly sent letters to its flat buyers asking interest on pending installments.

The Noida Extension Flat Owners and Members Association (NEFOMA) decided that it would approach court in the second week of January.

"Palm Olympia Builder is charging interest from buyers, and not agreeing on taking back their demand letter. We have invited all Palm Olympia flat buyers to come with their copy of the demand letter on January 8 at Gole Chakkar here to plan our legal options," NEFOMA general secretary Shweta Tiwari said.

The letter says that interests ranging from Rs 50,000 to Rs 70,000 be paid within a fixed period, she claimed.

Flat owners are not willing to pay the interests as delay in executing the project was due to the stalling of construction work following court order in land acquisition cases, Tiwari said.

"We have also decided that if the demands of flat owners are not met before January 5, we will go to National Capital Region Planning Board, Lodhi Colony Office, on January 9 and protest there," she said.

The builder of the Palm Olympia project could not be reached for its comments.