In January 2010, Puja Mehrish booked an apartment in Jaypee Infratech Ltd's (JIL) Klassic Heights for which she took a loan. She was assured of possession in June 2013 but is still living in a rented place, while also paying EMIS.
There are others like Col SK Gupta, who had booked an apartment in Kasa Isles around the same time and has since retired. "If I had put even Rs 10 lakh in a good mutual fund scheme, it would have been Rs 1 crore by now," he says.
Pramod Kumar, a Dubai resident, has repaid the loan, but the flat he booked isn't in sight. Mehrish, Gupta, and Kumar are among nearly 20,000 homebuyers who have been awaiting the outcome of multiple rounds of litigation in various courts over the last five years as one of the most high-profile insolvency cases drags on.
This story is from the September 29, 2022 edition of The Times of India.
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This story is from the September 29, 2022 edition of The Times of India.
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