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Future of project in dark?

Q: Hi, in light of new developments in the land acquisition issue, do you think this project will stay?

http://timesofindia.indiatimes.com/city/delhi/Investors-panic-after-HC-quashes-land-acquisition/articleshow/8302655.cms

I have a 2 BHK ground floor flat booked in the project with home loan from IDBI. We have already paid nearly 5 lakhs (down payment & EMIs)& don't know what to do next. We are thinking of
- stopping EMI payments to the bank untill there is clarity on this from the builder.

We spoke to the bank & have got insider info that banks have stopped all payment to all these builders.

I am sure there are many more customers like us but was wondering if anyone else is contemplating similar action.

If you are a customer of ajnara homes pls do get in touch with me (ritutyagi79@gmail.com ). Combined action from many customers will put more pressure on the builder rather than each one of us trying seperately.

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Replies (1)
1
i am in a similar situation. I had also spoken to the people in IDBI bank and they have stopped new payments , however old payments are still going on.
i am in a real state of confusion as to what i should do.
Rahul Pant


2

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