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Home > Forum > Noida > Real estate News > Time delay in projects in Noida

Time delay in projects in Noida

Q: Hello, heard that many projects in noida is delayed??!!

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Well yes sufia, as per the reports released by Jones Lang LaSalle a professional services and investment management company specialising in real estate has said that of the 2.3 lakh units that are under construction in noida, more than 95 thoousand are running behind schedule and with the delay in some cases being as much as 4 years...
Prasad


hmmmm..that is a very sad situation...and a lot of additional burden on the people who have bought.. because those people will still have to pay rent and the EMI and the penalty clauses is very less and mostly not paid by builders who dilly dally the issue..
Dhananjay,  Noida
3rd April 2014


Yeah it sure is sad..but i think that these people have been approaching consumer courts to get compenstions and many have been awarded as well...
Jamuna sikhri,  Delhi-NCR
3rd April 2014


yea you are right, but they hardly get paid as most of teh builders approach higher courts and delay the matter.. many dharnas have happened but hardly any respite.. the investors are feeling cheated and frustrated...
Prasad,  Noida
3rd April 2014


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