CREDAI taking foot ahead to protect buyer rights

By Accommodation Times Bureau

Recently passed Noida Extension after 10 long months is in fuss again. The buyers are in biting nails situation and fear the fresh problem of cancellation and unethical demand letters from the developers. The recent protest of all the buyers clearly shows the anger and anxiousness.
In a meeting, CREDAI has issued a set of instructions to all Noida Extension developers asking to protect the existing buyers interest. It has strictly asked the builders to not charge any extra money from existing buyer, making changes in original layout and do not issues any cancel letters.
Spokesperson from CREDAI said that we have maintained throughout the plan the price hike will not be burden on old buyer and we have given set of directions to all the builders. Also we have directed to developers to ensure to buyers who have paid the mandatory 10% of the Basic Sale Price must not be threatened with cancellation. One copy of this direction is given to the buyers association to ensure them.





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