Noida's delayed projects: Buyers wait for possession in WTC projects
Heads up, Noida property seekers! Been seeing a lot of buzz around commercial investments lately, and it's got me thinking about due diligence. I just came across some concerning news: thousands of buyers in WTC Noida projects (WTC Noida Quad, WTC Riverside Residences, WTC Noida Cubit) are still waiting for possession, alleging a massive fraud of around ₹2,500 crore by WTC Group and Spire Techpark. Apparently, construction is stalled and funds are missing, even after buyers took legal recourse. This is a major red flag for anyone considering investing in under-construction commercial properties in the area. It's a stark reminder to thoroughly research the builder's track record and financial stability before committing your hard-earned money. Are any of you currently looking at properties in Noida? Have you come across these projects or had similar experiences? Please share your insights!
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