I booked one flat in Jaypee Kube about 4 years ago. Builder stopped construction. More than Rs. 75 lacs has been paid. Do not know when the possession will be given. Like minded sufferers and allottees of Jaypee Kube, please co-ordinate with me to take the matter collectively. Otherwise, money doomed. Interested for refund of money even with deduction. Had taken bank loan and paying pre-EMI.
Please share your views.
Builder is under severe financial crunch due to over-trading and diversion of funds. Total borrowed funds by builder, approx. Rs. 70, 000/- crores. Yearly interest pay-out approx. Rs. 9, 000 crores. Builder selling hard core assets to pay banks as interest to avoid NPA status. Share has fallen to Rs. 11.50.
Better to get refund with some cut.