WHAT WILL BE THE FATE OF CONSUMERS WHO HAVE BOUGHT PROPERTY FROM THESE BUILDERS?

The third parties from whom money had been collected by the builders will either be entitled to refund or will be allotted the plots or apartments at the agreed price or prevalent price, whichever is higher. Every such claim shall be verified by HUDA or HSIDC. In cases where, constructions have been erected and the entire project is complete or is nearing completion, upon acceptance of the claim, the plots or apartments shall be made over to the respective claimants on the same terms and conditions.