Noida Gang Busted in ₹100 Cr Housing Loan Fraud

So, what's the latest on this? Any more updates on the investigation?

I'm an NRI looking to invest in Noida. Should I reconsider given this news?

Overall, this incident is a reminder to be extra vigilant and do your homework before investing in Noida real estate. Don't rush into anything!

Check amenities completion before booking, I made that mistake. Now I'm stuck paying maintenance for facilities that don't exist.

The rising interest rates are already impacting property sales. This fraud will only make things worse for builders who are already struggling.

It's a wake-up call for everyone. We need more transparency and accountability in the real estate sector. Otherwise, Noida will never be a safe place to invest.

I think this will create short term panic. People will be more cautious and demand more discounts. Smart investors will take advantage of the situation.

Loan fraud is a common issue in India. It's not just Noida. But yes, it's concerning. We need stricter regulations.

This highlights the importance of proper documentation and verification. Don't rely solely on the builder's word. Get everything checked by a lawyer.

Be careful - this builder has 3 delayed projects. Check their track record on RERA website before even considering them.

I heard the Noida Authority is also investigating some officials. It's probably a much bigger scam than just 100 crore.

Which sector is most affected by this fraud? I'm planning to invest in Sector 16.

Mera bhi same experience tha 2 years ago. Loan approval mein builder ne bahut pressure dala. Luckily, I backed out. Now I'm thinking of renting instead.

Which builder are we talking about here? Need names! We should start a list of 'blacklisted' builders.

RERA registration number check karo before investing. At least that gives some level of security. But even RERA is not foolproof, as we can see.

I think it's a good opportunity to negotiate prices. Builders will be desperate to sell now. But be extra careful with due diligence.

Yaar, I'm already stuck with a delayed project in Sector 75. Builder ne phir se date extend kar diya lol. Ab yeh sab sunke toh aur darr lag raha hai.

100 crore ka fraud? Bhai, this is crazy! Noida is becoming a den of corruption. No wonder property prices are so volatile. I wonder which builders are involved. Name toh batao!

Totally agree yaar. It's scary investing here. You never know what skeletons builders have in their closets. RERA ka bhi darr nahi hai inko. Will this affect the market? Definitely, sentiment will take a hit.

I doubt it will significantly affect prices long term. Noida is still a desirable location, especially with the Jewar airport coming up. Short-term jitters, maybe. But long-term, demand will continue.