[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Kyungwon staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.|
NOIDA: Buyers of three towers of Jaypee Wish Town’s Kosmos apartments and two towers of its Aman project have received prepossession letters asking them to pay for additional super area.
The buyers will also not get the compensation due to them for delay in handover of flats, the letter said. The compensation that homebuyers were supposed to get for the delay in completion of flats was fixed at Rs 5 per square feet. But the company had then assured the buyers that would not pay for any fine.
But now that NBCC has taken over the responsibility of completing the flats, the proposal to pay the penalty has been shelved as the state-backed construction company had specifically mentioned in its proposal to the committee of creditors last year that it would not pay for any fine. This means that each buyer will now have to pay Rs 4-5 lakh over and above the cost of the house to secure possession letters. Homebuyers have been asked to pay the additional amount within 30 days of receiving the letter and they would be given completed flats within 45 days of making the payment.
Read more https://economictimes.indiatimes.com/wealth/real-estate/noida-jaypee-flat-buyers-asked-to-pay-more/articleshow/73691627.cms
Have a nice day.