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09-Aug-2016 03:02

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We will probably get 30%-40% of our initial investment…

Why did the firm need to take a working capital loan when many buyers have paid 95% of the price upfront?

Buyers are worried that if the insolvency procedure is initiated, then the banks would be at liberty to auction the flats to recover their money, leaving the buyers with nowhere to go.“This is the connivance of the builder, politicians and the Noida authority. New developers will buy it and sell it again at maybe even double the rates.

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