For last couple of years, homebuyers of the Shiv Kala Charms housing projects of Greater Noida are facing a tough time. The problem is caused due to the loan payment on non existing housing projects. According to one of the prospective home buyer of the mentioned project revealed that like him some other buyers have clutched under a lump sum amount of loan money.
In 2009 when they have come across the advertisement of the project on paper had taken housing loan of different amount. In 2010 they were supposed to settle in their new homes, but till now they have not seen any ray of hope and paying the money without getting their homes. The knot of legal case and loans have ransacked their lives. Now they need to repay the higher interest rates to the respective banks without saving a single amount.
Among these troubled home buyers, some have already sold out their old house and moved to the rented house. This dreadful duping of money has tooled an alarm to other home buyers of the country. Here it again raises the question of investigation on the authenticity of the project prior investing on them.