Buy­ers ap­peal to CCI for help

HT Estates - - Front Page -

builders have de­manded more pay­ment at a time when banks have not started dis­burs­ing loans. Al­most 90% buy­ers who have bought in the area de­pend on home loans.

It is al­leged that buy­ers are be­ing threat­ened that their al­lot­ments will be can­celled if they do not pay within a week. In­ter­est on the un­paid sum has also been de­manded. “Hun­dreds of buy­ers have re­ceived can- cel­la­tion let­ters with­out any prior no­tice or ad­vance re­minders be­ing served to them,” the let­ter says.

One builder has also threat­ened buy­ers that it will change their loan from a flexi plan to a con­struc­tion-linked plan if some ex­tra charges are not paid up im­me­di­ately.

“We are hop­ing CCI will take some ac­tion and serve no­tices to er­rant builders,” he said.

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