NEW DELHI: Over 3,000 homebuyers of Sushant Taj City in Agra, developed by Ansal Properties and Infrastructure Ltd, are requesting clarification from the Uttar Pradesh Government regarding the possession of plots they reserved nearly two decades ago.
The buyers have urged the Chief Minister of UP to intervene, as this project was a joint venture between the Agra Development Authority and Ansal.
“While most of the group’s projects are undergoing insolvency proceedings, this one has been excluded, possibly due to the government’s involvement. We have reached out to the authorities and the state government without any success. A new builder took over the project, and now a different management is in place, but no one seems willing to address the concerns of the homebuyers,” stated KG Agarwal, president of the Ansal Homebuyers Association, who booked his plot in this 400-acre township around 12 years ago.
The homebuyers association has also contacted the Enforcement Directorate for more information regarding the investigation and asset attachment related to the project.
“We have paid the full amount but have not received possession. If the local authority could ensure security and develop common amenities, many buyers would be willing to move in. We are not part of the CIRP process, and creditors should inquire why this project is excluded from insolvency proceedings, as this would provide us with legal standing,” expressed Mona Chandra, another homebuyer.
