This has got the investors raging as it puts a big question mark on their dream homes. Investors are now tense and worried if they will get a complete refund from builders.
Dhananjay Kumar Singh, an advocate, purchased a Rs 21 lakh flat on a loan of Rs 16 lakh.
"I'm stunned by this judgement. The entire responsibility for the fiasco is with the state of UP along with the Greater Noida Industrial Development Authority. I am asking for the refund and I will be interested in getting the refund along with the interest," said Dhananjay Kumar Singh, flat investor.
For software engineers Amit Mishra and Amit Singh this was their first investment to purchase a dream house.
"We are losing out on money; we are losing out on hope. We are tense as we don't know we will get a flat or not now. We have a humble request to Supreme Court and High Court: they should think about buyers too. We are not rich. We have put in our hard-earned money," said Amit Mishra, flat investor.
It remains to be seen what really happens. The matter will surely go to Supreme Court, and in a matter of weeks the investors will know if they can heave a sigh a relief or will their life long earnings simply disappear before their eyes.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.