Stop EMI for Lacs of HomeBuyers of Stuck projects of Amrapali, Jaypee, Earth, Unitech etc.

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Dear Sirs,

Please look into the plight of us middle class Home buyers who have invested our hard earned Tax paid savings almost 10 years back into builders Group housing societies coming up in the NCR region.

Since the purchase we have all been bearing the dual burden of EMI & Rent, Dear Sirs when we booked our flats most of us were not even married, and now after 10 years we have kids and their educational expenses too, as a result we are in a   very tight spot financially! and to make adjustments we have to cut off expenses from some very vital fronts! many of us are forced to put our kids in schools which are not as good as we wanted to have for our kids just to save a few thousand rupees per month on the fees, our families have to bear the brunt of it in their daily life essentials.
We here by request your intervention to :-

  1. Ask Banks to Stop taking EMIs from people who booked atleast 3 years back and have not got possession
  2. Direct the RBI to waive off Interest on Home Loans till possession.
  3. Direct the CIBIL agencies to not include the Homeloan defaults of such cases in a persons Credit rankings
  4. Subvention buyers' EMI should be stopped irrespective of the duration of their booking (For cases where builder is not paying the EMI)
  5. Include home buyers awaiting possession also under PMAY, even on their existing Loans
  6. Create Stress Fund to used for starting work on Stuck Projects, once the delivery starts the Govt can get back their money from the buyers whose dues are pending

 

We will happily restart the EMI/Interest from the day we get our possession, we hope that you will consider our petition and act on it in a positive note to benefit the middle class home buyers across the country and reduce our sufferings, we would also like to point that all of us are the Genuine Tax payer salaried middle class who appear no where in any of the Govt benefit schemes and now is the time for you to let us know that our voice matters!

A Harassed home buyer of Delhi NCR
And a Member of TEAM NEFOWA