Problem of the home buyers in noida extension

Baran440Baran440 Junior Member
edited February 2012 in Real Estate
Myself, Ravishankar baranwal a poor home buyer in noida extension. The builder is Sam abhimanu group. Name of the project is "Palm Olympia". I had booked a home and paid 10% amount in flexi plan. When started the loan process the project was in trouble. Not only this all the noida extension projects. Now no bank is financing even stopped paying for the confirmed loans. The manager of Palm olympia Mr. Sharma (at that time) said that pay 10% more and we will not charge anything untill the project get clear I had arranged that much of amount. Now from 4-5 months they are asking to pay the remaining amount with interest 18%. As we all know that no project in Noida extension is bankable so ho how can anyone will pay. They are threatening that they will cancel our units. I am not alone there are 100's of buyers who are suffering what we do now please suggest.
I am very muchhopeful from this forum please give me some guidance so that we will come out from this problem.
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