Buyers are likely to benefit from insolvency of developers as work is in progress and handover of completed projects is being expedited.A handful of developers in the National Capital Region have filed for insolvency. However, a majority of investors (about 90%) are still unaware of their rights as also how are they impacted in case their developer is declared insolvent. This has been revealed by a Magicbricks Consumer Choice Poll conducted recently.
Property site Magicbricks conducted the poll (sample size of 900) to get insights into buyer understanding of insolvent developers. In the light of the Jaypee Infrastructure group being run by an Insolvency Resolution Professional at the behest of IDBI Bank (presently stayed …
Read the full article at: http://www.financialexpress.com/money/with-massive-jaypee-infratech-jaypee-aman-losses-staring-them-in-face-here-is-what-homebuyers-should-really-know/843754/
