Monday, July 11, 2011

Promise to Return Money

              UPSET over their dream homes going up in smoke, over 300 flat buyers protested at Kisaan Chowk on the Greater Noida- Ghaziabad highway on Sunday against the real estate developers.
              Three days after the Greater Noida authority announced it would do everything to protect the investors’ interests, they alleged that the builders were backtracking on their promises.
              Some leading builders saying they would return their customers’ entire money.
              Reacting to the buyers’ grievances, MD of Supertech R. K. Arora said: “ We will soon send them letters, asking them either to transfer to any of our other projects in Noida Extension or relocate to any other place in Noida or get their refund.
              So far, we have not received a single application for refund.
              Still, if anybody wants, we will return their entire money without any deduction.” Mahagun director, Amit Jain, said: “ We are processing the refunds of buyers who booked flats in our villas, falling under Shahberi. All their money will be refunded with interest and without any deduction. We are ready to help our customers in every way in the future.”