Homebuyers of Noida Extension demand banks to give up interest
Greater Noida Authority has been offering a zero period to builders for paying installments. This seems to have motivated the homebuyers of Noida Extension.
The buyers, forming a group of around 80 members, on Monday, demanded banks to waive off interest paid on EMIs during the land row period.
Although builders have promised not to put an extra burden on existing buyers, banks have so far not been considerate enough to either suspend payment of EMIs or waive interest.
Buyers alleged that banks have so far got away scot-free despite being parties to all tripartite agreements. They have threatened that they may opt legal route if banks do not share a fraction of the financial burden.
Banks say they have to find some options for deducting interest amounts already paid from future EMIs.
To read more real estate news:
ICICI Bank provides special loan to NRIs
Realtors hopeful as Noida master plan nears approval
Source: The Times of India
Banks, EMIs, Financial, Greater Noida Authority, Homebuyers, Installments, Interest, land row period, legal, Noida Extension, zero period
