Buyers meet builders, refund to start in a week | india | Hindustan Times
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Buyers meet builders, refund to start in a week

A day after Greater Noida CEO Rama Raman said those who have booked flats in Shahberi village projects will be relocated or refunded, hundreds of anxious buyers visited developers’ corporate and site offices in Noida Extension.

india Updated: Jul 09, 2011 22:55 IST
Darpan Singh

A day after Greater Noida CEO Rama Raman said those who have booked flats in Shahberi village projects will be relocated or refunded, hundreds of anxious buyers visited developers’ corporate and site offices in Noida Extension. Many buyers also reached Shahberi and met builders. Manmohan Juyal, who has booked a flat in Supertech’s Eco Village II, said, “There is till not much clarity.”

Those who visited the builders’ corporate offices asked for refund. Amrapali CMD Anil Sharma said, “My clients are satisfied.” But most other builders said, “We need a week’s time to know the exact locations of affected areas before we can get down to refund and relocation.

President of Noida extension owners and members association Prashant Gupta said, “Most buyers are not happy with relocation plans being offered. We will file RTI application to know the exact picture.” Raman has told builders to meet each buyer individually and address the concerns. Builders said they could give a written guarantee that all investments were safe. “Builders must refund those who don’t want to relocate. We will bail out builders too, mainly to ensure buyers get their money back if they so wish.”