India Real Estate Monitor

The buyers who had invested their money in houses which were to be constructed in Noida extension have come out over the roads to plea the Supreme court for their justice. The builders who have been affected with SC’s decision are refunding money to buyers but after certain deductions. The buyers are the most affected ones because of this decision. The buyers have moved on to the roads to demand justice for the same. They are requesting the Supreme court to make a statement to builders to refund their entire money without any deductions. The builders have intimated the buyers that if they want to take back their money for their properties those are booked in Noida extension then they will have to bear some charges, for which the buyers disagree. These deduction means approximately 2 lakhs of the amount would be treated as cancellation penalty for a flat. So, the buyers are demanding justice from the Supreme Court.