Jaypee flat possession delay: Buyers demand suspension of EMIs, stage protest in Noida against management

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Noida: Referred to as for a gathering by crisis-hit Jaypee Group, a bit of homebuyers Friday boycotted the meet and protested in Noida towards big delay in possession of their flats.

Nevertheless, over one thousand different homebuyers attended the assembly referred to as by Jaypee group to handle the homebuyers’ concern and talk about its proposal to resolve this disaster. The assembly was held at an auditorium within the Jaypee Institute of Data Expertise, Sector 62, in Noida.

Terming the assembly referred to as by Jaypee group high official Manoj Gaur as an “eyewash”, a bit of patrons didn’t attend the meet and sat on a protest on the venue whereas blaming the developer Jaypee group in addition to the central and state governments for his or her plight.

They demanded that banks needs to be requested to droop month-to-month equated-monthly instalment (EMI) in the meanwhile to supply some aid.

Round 22,000 homebuyers are caught due to vital delay in supply of flats by Jaypee group’s debt-ridden agency Jaypee Infratech, which is present process insolvency proceedings.

State-owned NBCC and Mumbai-based Suraksha group are in a race to amass bankrupt Jaypee Infratech. Jaypee Group too has submitted its decision plan however the identical isn’t being thought of by the lenders at this stage.

 Jaypee flat possession delay: Buyers demand suspension of EMIs, stage protest in Noida against management

Representational picture. Reuters.

“I bought the flat in 2010. It was expected to be delivered in 2013. I have paid 90 percent of the amount, around Rs 45 lakh, but have not got it even now,” stated SP Mittal, 47, an engineer in a personal firm.

Gaurav Pal, 43, stated he has shelled out 90 p.c of the quantity, round Rs 62 lakh for a 3BHK whose supply was promised by Jaypee Group in 2013.

“I live in a rented accommodation in Noida Sector 78 with a family of five. It’s a double whammy, paying EMI on home loan and the monthly rent,” Pal, who works in a consultancy, stated.

Authorities worker Mandira Mukherjee stated it has been 11 years since she invested within the property which was to be delivered by 2011.

Mukherjee, a basic supervisor in Oil and Pure Fuel Company (ONGC), stated she has paid round Rs 1 crore (95 p.c of the whole quantity) for a 3BHK in Jaypee Wishtown’s Kalypso tower.

“But he (Manoj Gaur) told us clearly that he doesn’t have any money,” she stated, standing in ethical assist of these on the starvation strike outdoors the Jaypee Group’s school.

Gautam Rastogi, 47, who lives in Sector 93 in rented lodging together with his household, stated he had purchased the property via a personal financial institution.

“I work in a private company as an engineer. I have to pay the rent, the EMI, take care of my family also. At least the bank should stop the EMI till we get the possession. The government and bank have all our details, we are not running away. At least they can do this for the aggrieved buyers,” Rastogi stated.

Arvind Verma, 47, alleged that the group isn’t bothered in regards to the 1000’s of homebuyers however solely about his land alongside the Yamuna Expressway.

“The government has not played its part as well — both the central as well as state government. They saw it coming and could have done something. It’s a systemic failure,” he stated.

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