Govt Should Protect the Home Buyers from the Clutches of Builders, delaying the possession
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Hon. Chief Minister,
Builders particularly Amrapali Dreamvalley in Greater Noida(W) is intentionally delaying the handover of the project and stopped the construction of high rise buildings since past 2 years assigning the reason that he has no funds and all the home buyers have given 60% to 90% of the Flat cost by taking Housing Loan from Nationalized Banks on the collective assurances of Builder, Greater Noida Authority and banks. Banks are also threatening to cancel the balancing sanctioned loan because no construction is taking place in Group Housing Project since long.Greater Noida Authority is threatening to cancel the project because builder has not paid huge dues of Greater Noida Authority as well. We have taken the Housing loan because the project was duly approved by Greater Noida Authority and State Bank of Patiala & Other bank for which builder has made all the arrangements. This means Builder is not utilizing the funds for project construction purposes rather meting his routine expenses from the Housing Loan taken by us from bank for which we are paying regular EMI's/interests and project has completed unto 2nd or 3rd Floor only, it is pending since 2012. We poor home buyers are exhausted paying Rent for rented houses.
This means we have taken our Housing Loan for Just to fund the Builders' expenditure on the misrepresentations of Builder, in criminal connivance with Greater Noida Authority and bank. Several Representations were given in past to PMO, CM Office, Greater Noida Authority, DM Gautam Budh Nagar but no action has been initiated so far. It seems every body is waiting for collapse of poor Home buyers.
We once again with folded hands requests our Honorable Chief Minister to please please please............ take some Appropriate and Swift action in the above matter so that Lacs of Poor Home buyers could be saved from the collective cheating of Builders in Greater Noida(W) region
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