Why Are Home Buyers Forced To Pay EMIs For Stalled Projects?
Recently, Delhi high court put an interim stay in favour of the home buyers by restraining banks and housing finance companies (HFCs) from taking coercive action for non-payment of EMIs on stuck housing projects. Delhi high court's decision bring relief to several home buyers. On this week's Property Show, we discuss – Why are banks and housing finance companies pestering home buyers for EMIs of delayed projects? Will this impact the credit score of these buyers? Aditya Parolia, Lawyer and Partner, PSP Legal; Sanjaya Gupta, Former MD & CEO, PNB Housing Finance; Gulam Zia, Executive Director, Knight Frank India join us.
