Supertech Eco Village 2
Sector 10, Greater Noida West · Greater Noida, Uttar Pradesh
Original Delivery
2016
RERA Compliance
Non-Compliant
critical Risk
Under CIRP
A decade-stalled project with no approved resolution plan, a chairman in ED custody on money-laundering charges, and 26 criminal FIRs. The CIRP project-wise model is legally sound but has produced no tangible resolution in four years. Capital loss risk is very high. Existing owners should protect their legal position; new buyers should not enter under any circumstances.
Updated 30 Sept 2026 · Not legal or financial advice
Possession Timeline
Estimated Possession
Cannot estimate
Too many unresolved variables
No resolution plan has been approved as of September 2026. Construction is stalled. Even after a plan is approved, completion typically takes 3–5 additional years. Possession before 2030 is implausible.
Milestones
Original RERA delivery date
2016Missed by a decade; project never reached completion
NCLT CIRP admitted
2022-03NCLAT project-wise CIRP order
2022-06SC upholds project-wise model
2023-05Resolution plan approval
No plan approved as of Sep 2026 — CoC voting and NCLT confirmation pending
Construction resumption
Requires funded resolution plan
OC from GNIDA
Requires construction completion
Flat possession
Requires OC
Updated 30 Sept 2026 · Estimates are based on public information and may be materially wrong
Active Risk Flags(5)
ED Investigation Active
Liquidation Risk
Under Insolvency Process
Flat Registries Blocked
10+ Years Delayed
No hearing scheduled
Project Details
RERA Registration
Authority
Developer
Project Timeline
Scale
Configuration
Authority Dues
Segment
OC Status
CC Status
RERA Compliance
Price Context
Market rate for Greater Noida West mid-segment is ₹3,500–4,500/sqft. Distressed resales of this project trade at steep discounts (₹1,800–2,800/sqft reported) owing to decade-long stall, CIRP status, and no OC in sight. Any purchase at 'discount' still carries total-loss risk.
Price Comparison
Greater Noida West mid-segment market rate
Approximate mid-range; comparable ready/near-ready projects
As of 2026
₹4,000/sqft
Distressed resale — reported floor
Secondary market; buyer assumes full CIRP resolution risk
As of 2026
₹1,800/sqft
Distressed resale — reported ceiling
Only for lower floors / early allottees with better cost basis
As of 2026
₹2,800/sqft
Distress Discount
55–60% below market — but discount does not compensate for the real risk of zero recovery if CIRP fails
Analyst View
Risk partially priced in
No resolution plan has been approved after 4+ years of CIRP. Chairman is in ED custody. A buyer entering now is effectively betting on a government rescue or white-knight investor — neither is imminent.
Updated 30 Sept 2026 · Prices are indicative, not a valuation
Flat Registry
No Occupancy Certificate has been obtained for any tower. No flat registrations are possible. CIRP moratorium (Section 14, IBC) additionally bars any transfer of assets during insolvency proceedings.
What's blocking it
- No OC received for any tower in the project
- IBC Section 14 moratorium bars asset transfers during CIRP
- No resolution plan approved — RP cannot authorise registrations
- NOIDA authority approvals pending completion of construction
What would unlock it
- Approved resolution plan with specific provision for OC and registry
- Completion of construction and receipt of OC from GNIDA
Updated 30 Sept 2026
What Should You Do?
If you already own here
- Do now
File your claim with the Resolution Professional
If you have not already filed a claim with RP Hitesh Goel under CP(IB) No. 204/ND/2021, do so immediately. Unregistered claims risk being excluded from any resolution plan.
- Do now
Join an organised homebuyer association
Collective representation carries more weight in NCLT/NCLAT proceedings. Contact the Eco Village 2 Homebuyers Association and verify they are registered with the RP.
- Soon
Consult an IBC-specialist lawyer about homebuyer rights
Homebuyers are financial creditors under IBC (Dharani Sugars precedent). Understand your waterfall position and whether refund or flat delivery is more likely under any resolution plan.
- Monitor
Track NCLT Delhi Bench hearings
CP(IB) No. 204/ND/2021. Check the NCLT Delhi cause list weekly — any resolution plan approval or liquidation order will appear here first.
If you're considering buying
- Do now
Do not purchase — avoid entirely
No OC, no resolution plan, chairman arrested. Any secondary market purchase is speculative with realistic probability of total capital loss. There is no legitimate reason to enter this project as a new buyer.
Updated 30 Sept 2026 · Not legal or financial advice
Legal Proceedings
NCLT New Delhi (Court IV)
CP(IB) No. 204/ND/2021
Filed 1 Jan 2021
Union Bank of India v. Supertech Limited. Admitted 25 March 2022; default amount Rs 432 crore. IRP/RP: Hitesh Goel. NCLAT in June 2022 restricted CIRP to Eco Village II project only (project-wise insolvency). SC upheld project-wise resolution model in May 2023. Resolution plan not yet approved as of 2025.
NCLAT
Company Appeal (AT)(Ins) No. 406/2022
Filed 1 Apr 2022
NCLAT stayed CoC formation initially; then in June 2022 limited CIRP scope to Eco Village II project only (not whole company). Landmark project-wise resolution precedent upheld by SC May 2023.
Enforcement Directorate
Filed 27 Jun 2023
ED arrested R.K. Arora (Chairman, Supertech Group) on 27 June 2023 under PMLA. Probe based on 26 FIRs by EOW of Delhi, Haryana, and UP Police — allegations include criminal conspiracy, cheating, criminal breach of trust, and forgery. ED charge sheet (complaint) filed against RK Arora. Jan 2024: Delhi HC examining ED's challenge to RK Arora's interim bail. Aug 2025: NCLAT upheld insolvency proceedings against Supertech Realtors (related entity).
EOW — Delhi / Haryana / UP Police
26 FIRs registered against Supertech Group by Economic Offences Wings across three states. Allegations: cheating homebuyers, misappropriation of funds.
Construction Progress
Under CIRP with project-wise resolution confined to Eco Village 2. Construction severely stalled. No resolution plan approved as of 2025.
As of Sept 2026
Legal Timeline
NCLAT upholds insolvency proceedings against Supertech Realtors (related Supertech entity)
Delhi HC examining ED challenge to RK Arora's interim bail
ED arrests R.K. Arora, Chairman, Supertech Group under PMLA
Supreme Court upholds NCLAT project-wise resolution model
NCLAT restricts CIRP scope to Eco Village II project only — landmark project-wise resolution approach
NCLT Delhi admits CIRP against Supertech Limited; Hitesh Goel appointed IRP
Union Bank of India files insolvency petition CP(IB) 204/ND/2021 against Supertech Limited
Promised possession dates pass; thousands of buyers affected across Eco Village 1, 2, and 3
Supertech Eco Village 2 launched in Sector 10, Greater Noida West
Watchlist
Resolution plan approval
UnresolvedCIRP for Eco Village 2 ongoing — CoC yet to approve a resolution plan; homebuyers still without possession
ED proceedings against RK Arora
MonitoringChairman under PMLA arrest; charge sheet filed; bail status being contested. Further attachments possible.
Eco Village 1 and 3 delivery
UnresolvedEco Village 1 and 3 not under CIRP but belong to same financially distressed company — delivery risk high
26 EOW FIRs — criminal trial
MonitoringCriminal proceedings against promoters in Delhi, Haryana, and UP courts
Expert Analysis
Updated 30 Sept 2026Supertech Eco Village 2 — Analysis
Summary
Supertech Eco Village 2 is in active CIRP under a landmark project-wise insolvency model. The NCLAT (upheld by SC in May 2023) limited the CIRP to Eco Village 2 specifically, rather than applying it to Supertech Limited as a whole — a precedent that protects Eco Village 1 and 3 buyers from being pulled into the same proceedings, but does not protect them from the company's broader financial distress.
The project is unresolved: as of 2025, the CoC has not approved a resolution plan, homebuyers have not received possession, and the chairman is under PMLA arrest.
The Project-Wise CIRP Precedent
NCLAT's June 2022 order and SC's May 2023 affirmation establish that when a developer has multiple projects, CIRP can be confined to a single project. For Eco Village 2 buyers, this means the resolution of their project will not be dragged into Eco Village 1 or 3's fate. But it also means Eco Village 1 and 3 are not protected by the CIRP moratorium — they remain with a financially stressed parent company with an arrested chairman.
ED / PMLA Risk
R.K. Arora's arrest under PMLA in June 2023 and the charge sheet filed by ED add a criminal dimension. ED investigations typically lead to asset attachments. If ED attaches Supertech's assets beyond what is already under CIRP, it could reduce the asset pool available to homebuyer creditors in the Eco Village 2 resolution.
26 FIRs across Delhi, Haryana, and UP against the Supertech Group suggest systemic fund diversion allegations — not isolated incidents.
What Eco Village 1 and 3 Buyers Face
Eco Village 1 and 3 are not in CIRP. They are the liability of Supertech Limited, which is: (a) financially distressed, (b) has an arrested chairman, (c) has multiple EOW FIRs, and (d) is watching its flagship project (Eco Village 2) go through insolvency. This is a high-risk situation with no court-supervised resolution mechanism in place for these two projects.
Key Risk
For Eco Village 2: the CIRP needs a credible resolution applicant. Without one, liquidation risk is real. In liquidation, homebuyers rank as unsecured creditors behind financial creditors — the recovery would be minimal.
For Eco Village 1 and 3: no resolution mechanism, distressed parent company, ED probe — buyers have little recourse beyond RERA complaints and consumer courts, neither of which forces construction.