pathetic condition of indian real eastate sector

posted by mukutnp mohan
upto 2012 there was real estate boom . different companies like vatika , silver teck . amrapally , sahara jaypee uniteck started many housing projects in noida gurgaon farida bad and inmany other cities. unsupcted bomebuyers booked flats /houses under these companies , paying their life long savings,but boom become bubbles.most companies cheated the home buyers by diverting their money to persnal account , to policitians or buying new land. most of all these companies becomne bankrupt , more over they make fraud by keeping the land and properties sold to home buyers on mortgauge taking crores of loans from banks, in delhi ncr more than 22000 home buyers lost their life long saving year after years waiting to get their hom,e
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