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However, only 1,000 flats have been handed over to buyers till date. The case was settled by the court in 2017, and the builder had then promised to pay penalties for delayed completion. It comprised 30 towers having 4,000 apartments and was supposed to be delivered by 2014. However, till the middle of 2018, the developer did not give us a single penny, so we were compelled to approach the NCDRC again for recovery of the compensation,” said a buyer.The Lotus Panache project was launched by 3C Developers in 2010. Noida: Aggrieved homebuyers of Lotus Panache, an upscale housing project in Sector 110, on Wednesday demanded they be given the apartments at the earliest and not just the compensation for the delayed possession The district administration had on Tuesday seized two other properties of the promoter — 3C Developers — to recover Rs 34 crore to pay off the buyers penalty for the delayed possession of their homes , as ordered by the country’s top consumer court The buyers, who took the builder to the National Consumer Disputes Redressal Commission (NCDRC) under the banner of Lotus Panache Welfare Association, said they “are unhappy with the slow pace of construction work at the project site”.“We had moved the NCDRC in 2015.
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