The buyers who had invested their money in houses that were meant to be constructed in Noida Extension have taken to the streets to plea with the Supreme Court for justice. The Supreme Court's decision has impacted both buyers and builders, with the latter now refunding buyers but with certain deductions. This has placed the buyers in a precarious situation, as they are the most affected parties in this scenario.
Protests by Buyers
In response to the deductions, the buyers have mobilized and taken to the streets to demand justice. They are urging the Supreme Court to instruct builders to refund the entire amount without any deductions. The builders, however, have informed the buyers that if they wish to receive their money back for the properties booked in Noida Extension, they will have to incur certain charges. This move by the builders is being strongly opposed by the buyers.
Impact on Buyers
The deductions approximately amount to 2 lakhs, which is being treated as a cancellation penalty for each flat. Consequently, buyers are now appealing to the Supreme Court to intervene and ensure that they receive full justice. This situation highlights the ongoing challenges and complexities that buyers face in the realm of real estate investments.