Builders took money for residential projects but completed commercial ones first

by IANS |

Noida, Oct 19 (IANS) Many builder groups including Amrapali, Jaypee, the 3C Company and Supertech defrauded the investors by registering the booking in the name of residential projects and leaving them incomplete to finish their own commercial ones first.

By giving the commercial spaces on rent, the builders earned big profits. Jaypee Builders prioritised the completion of Wish Point in Sector 134 Noida, Pavillian Arcade in Sector 128, Kalypso Arcade in Sector 128 and Jaypee Commercial in Sector 133, Noida.

The other groups did the same by taking money from the residential flat owners and leaving their projects incomplete.

The buyers are upset at not getting their houses even after paying a huge sum of money and are tired of constant false assurances by the builders.

Latest News
Two Bengaluru cops suspended for extorting couple Fri, Feb 03, 2023, 05:03 PM
Beautiful beaches in India Fri, Feb 03, 2023, 04:50 PM
'Don't make us take a hard stand', SC warns Centre on delaying judges' transfer Fri, Feb 03, 2023, 04:43 PM
Snow, heatwave coincide in Australia Fri, Feb 03, 2023, 04:42 PM
Apple may launch 'HomePod mini 2' in 2024 Fri, Feb 03, 2023, 04:30 PM
Kerala budget 2023: Petrol, diesel & liquor to cost more; Oppn fumes Fri, Feb 03, 2023, 04:23 PM
Lok Sabha adjourned amid Oppn's protests over Adani issue Fri, Feb 03, 2023, 04:05 PM
India begin preparations for the first Border-Gavaskar Trophy Test in Nagpur Fri, Feb 03, 2023, 04:05 PM
France, Israel agree to deepen strategic partnership Fri, Feb 03, 2023, 03:59 PM
Australian govt declares health reform top priority for 2023 Fri, Feb 03, 2023, 03:55 PM
Man arrested in Goa for possessing amphetamine Fri, Feb 03, 2023, 03:52 PM
Jharkhand CM lashes out at Centre, Governor over domicile policy Fri, Feb 03, 2023, 03:15 PM
Ben Stokes is final bit of jigsaw for England?s ODI World Cup plans: Nasser Hussain Fri, Feb 03, 2023, 03:05 PM
Google to host event about AI on Feb 8 Fri, Feb 03, 2023, 02:54 PM
Myntra launches dedicated on-app store 'Runway Icons' for premium ethnic wear Fri, Feb 03, 2023, 02:52 PM