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[부동산] 대법원이 건설업자들을 구제한 후, 주택 구입자들은 그들의 몫을 원한다고 말한다.
[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.

With the Supreme Court’s July 10 order directing the Noida and Greater Noida authorities to
reduce interest rates on land dues levied on developers to 8.5% from 20% (or even higher,
on case to case basis) will benefit developers, homebuyers are now demanding that they too
be given a slice of the pie.

On July 10, 2020 the Supreme Court, while hearing petitions in a matter regarding the
Amrapali Group, directed the two authorities to only charge an interest rate of 8.5%, as per
the marginal cost of funds-based lending rate (MCLR) on land cost, fixed by the reserve bank
of India, on land dues of developers.

The Amrapali Group, a realty major with projects in Noida and Greater Noida, has failed to
finish and deliver around 42,000 units. Its buyers petitioned the apex court in September 2017.
In its July 10 order, the apex court clubbed the plea in the Amrapali case as a plea regarding
the ACE Group, on high rates of interest in Noida.

According to the two authorities, the move would benefit around 500 developers.

A homebuyers’ association has now demanded that the financial benefit the developers would
receive should be passed onto them as well.

“If developers are going to benefit and they need not pay penal interest on financial dues in a
group housing project, then we, the homebuyers, should also get a part of that financial gain.
The developers have imposed a penalty calculated on 18% interest on buyers if they fail to
make payments on time. Thousands of homebuyers have paid the penalty to developers in
the past,” said Abhishek Kumar, president of Noida Extension flat owners’ welfare association
(NEFOWA), which is also a petitioner in the Amrapali case in the apex court.





Read more at:https://www.hindustantimes.com/noida/after-supreme-court-s-relief-for-builders-homebuyers-say-they-want-their-share/story-C1PGR9wAMZm2hkRiHKqgZO.html



KAMA GROUP
New Delhi
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