LIVE | SC Takes Note Of Loan-Real Estate Trap | SC: PROBE BANK-BUILDER NEXUS | News9

The SC took note of several homebuyers being left in the lurch by builders and banks. It has asked for a probe into the alleged nexus between real estate companies and banks that traps homebuyers into an early EMI paying cycle. It has also sought a response from the CBI to probe the issue. A bench of Justices Surya Kant and N Kotiswar Singh took strong exception to builders, interim resolution professionals and banks not furnishing details of delayed housing projects in NCR and stages of their construction, and said an SIT probe was needed to unearth the nexus between builders and banks for harassing homebuyers who have invested their hard-earned money.

#delhincr #homebuyers #supremecourt #realestate



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