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Investors wary of fate of flats in Gurgaon

No Comments Sub Category:Gurgaon,Residential Real Estate Posted On: Aug 02, 2012

The investors who booked flats in different projects of Mayfield Gardens in Gurgaon are stuck in a terrible situation as their investments are not just stuck in bad deals, but the hope of recovering their investment is also fraught with numerous problems.

The Town and Country Planning Department (TCPD) had cancelled the licenses of the builders involved in several housing projects under the Mayfield Gardens.

Now the investors are wary of the fact that TCPD has handed over administration of managing the projects to HUDA.

There is no clarity as to who will take care of the project from the authorities and owners are worried whether after the completion of the projects, they would get to register homes promptly.

To read more real estate news:

Real estate firm in the middle of legal feuds

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