Home buyers associations to observe Black Holi

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Home buyers associations to observe Black Holi

Many builders have taken 90-100 per cent payment from the homebuyers but have failed miserably in giving them possession of their flats.

Homebuyers associations have decided to celebrate the ninth consecutive Black Holi to mark their protest against the governments for delayed possession of their flats. Over 1.5 lakh families are awaiting possession of their flats in Noida, Greater Noida and Ghaziabad since the last one decade.

Many builders have taken 90-100 per cent payment from the homebuyers but have failed miserably in giving them possession of their flats. In many localities, the project has not even started and the builders have disappeared after taking the money.

The consecutive governments have failed us. This will be our ninth consecutive Black Holi. All of the duped homebuyers are paying the rent of their accommodation and also the monthly instalment for their flats, possession of which is not in sight yet. With a minimal amount left after paying such dues, no homebuyer is able to celebrate Holi, said Abhishek Kumar, president, Noida Extension Flat Owners Welfare Association (Nefowa).

The duped homebuyers demand action from the government against the errant builders. They are requesting the government to either give them the possession of their flats or halt the EMIs.

This can't go for our entire life. We have spent our life's savings to buy a flat. We can't pay the EMIs for the flat, possession of which is not in sight. There will be no Holi celebration. We will observe the ninth consecutive Black Holi. Hope the governments hear our plight and do something real quick, said Dipankar Kumar, a homebuyer.

India Today TV