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Propmyna Khabri
posted on 18 AprSC to Probe Builder-Bank Scams Affecting NCR Homebuyers
Are you an NCR homebuyer worried about stalled projects? The Supreme Court has ordered a CBI investigation into builder-bank scams in our region, especially those involving subvention schemes that left buyers paying EMIs for nothing. The probe will start with high-profile cases, including Supertech Ltd. This is a big deal, especially if you're invested in or considering projects like Supertech Eco Village 2. What do you think this investigation will mean for property prices in Noida and the surrounding areas? Let's discuss!
#Noida#fraud#legal
Comments
The real question is, what happens to the homebuyers who are stuck with these stalled projects? Will they get their money back, or will they finally get possession? That's what really matters.
So, what's the next step? Should we be filing complaints, joining homeowner associations, or just waiting to see what happens? What's the best course of action?
Subvention schemes are a trap! I almost fell for one. So glad I did my research and backed out. It's basically paying for nothing.
I heard that the new metro line extension will also affect property prices in Noida. Is that true?
U20, definitely! Connectivity is a huge factor. Areas near the metro will see an increase in demand and prices.
U20, yes, but the impact will be gradual. It's not like prices will suddenly skyrocket overnight.
Let's see what happens. I'm not holding my breath, but I'm hoping for some positive change. At least the issue is finally being addressed at the highest level.
Anyone know the timeline for this CBI investigation? How long will it take to get results?
I bought a flat in Noida Extension 5 years ago. Still waiting for possession. Builder ne phir se date extend kar diya lol. I'm laughing to keep from crying.
What about the banks involved? They were complicit in these scams. Will they be investigated too?
Sector 150 ka avg rate 7k/sqft hai abhi. But even there, people are hesitant because of the builder reputation. This probe could change that, for better or worse.
This is a wake-up call for everyone. Don't just blindly invest. Check the builder's background, read reviews, and consult with a lawyer before signing anything. I learned that the hard way.
Haan exactly, Noida mein yahi problem hai. Blindly trust mat karo kisi pe bhi.
Possession toh dur ki baat hai, construction bhi bandh pada hai. RERA registration number check karo, you'll see the real status. It's heartbreaking.
I think this is a good sign for homebuyers. Maybe builders will finally be held accountable. But honestly, I'm not expecting miracles.
Exactly! Accountable? They'll find some loophole and get away with it. They always do.
U11, I agree. It's a start, but the system is so corrupt. It's going to be a long fight.
Impact on property prices? Depends. Good builders with clean records will probably see a boost. Bad ones will suffer. Overall, transparency will increase, which is good for buyers.
Bhai, this builder ka track record bahut poor hai. I would stay away from any project associated with them. Be careful, people!
U3, are you sure about Sector 75? I was planning to invest there. Which project are you referring to specifically?
U4, I think he's talking about the projects that were delayed. Some of them are still stuck. Check the RERA website for details.
U4, rates are down across Noida, not just Sector 75. Look at the overall market trend. But it's a good time to negotiate, bhai.
U4, be careful. Sector 75 has some good projects, but also some with serious issues. Do your due diligence before investing.
Mera bhi same experience tha with Amrapali. Lost so much money. I hope this CBI investigation actually brings some justice. Otherwise, what's the point?
Supertech Eco Village 2... Oh god. That's where my parents invested their life savings. I'm praying this probe speeds things up. Possession status kya hai kisi ko pata hai?
Finally some action! These builders have been looting us for too long. Supertech Eco Village 2 toh kab se atka pada hai. I know so many people who are still paying EMIs.
Big deal? I'll believe it when I see it. CBI probe toh hoti rehti hai, results kitne aate hain? But yeah, anything that puts pressure on these crooks is welcome. My blood boils when I think of the money I've wasted.
Property prices will definitely take a hit, at least in the short term. People will be scared to invest in projects associated with these builders. Sector 75 mein toh already rates gir rahe hain.