@indranichaudhu6@PMOIndia@logixzestnoida@BJP4UP@prakharjazzwala@Realty_Et@TOIEditor Yes, people who r fearful about credit score, need 2 learn 4m Chinese public. If each one having loan against under construction property stops only single EMI, it should send the shivers to the banks & builders. The #RBI & govt would be forced to intervene & provide resolution
@indranichaudhu6@PMOIndia@logixzestnoida@BJP4UP@prakharjazzwala@Realty_Et@TOIEditor People who are fearful can make payment at the end of month to protect credit score but that one EMI bounced in month of Aug should impact a lot
Next step, make associations & approach HC for EMI relief as such large scam can't run without involvement of banks
3/n
@indranichaudhu6@PMOIndia@logixzestnoida@BJP4UP@prakharjazzwala@Realty_Et@TOIEditor File cases against banks in consumer court for failure of due diligence from their side & disbursing loan bypassing RBI regulations
No one would have gone for under construction projects unless approved by banks. All these ponzi schemes formulated by banks e.g NoEMItillPossession
@indranichaudhu6@PMOIndia@logixzestnoida@BJP4UP@prakharjazzwala@Realty_Et@TOIEditor Once loan get disbursed, these corrupt/scammers stop looking into diversion of funds by builder 4m escrow account, no regular monitoring as per RBI regulations for secured loans. There was complete deleriction of towards duties & responsibilities after getting bumper bonuses 6/n
@indranichaudhu6@PMOIndia@logixzestnoida@BJP4UP@prakharjazzwala@Realty_Et@TOIEditor The credit score is nothing more than a chain, need of hour is to break the chain and stop the EMIs on mass scale.
At any day, you can pay the balance EMIs and get the credit score restored. This should not be factor of worry. In meantime approach the courts in max number
7/n
Justice has been denied. A three year project can be delayed by 6 months or 1 year, not for 10+ years. People lost their dreams, savings of life still no authorities, courtshav time 2 listen & fix d issues. D cheat builders 4m @CREDAINCR@CredaiHaryana@credaiUP roaming free
People lost their life in journey 2 own their home. Not one project but thousands of projects, lakhs of #CheatedHomeBuyers hav been looted & every authorities took commission in this organised loot. We r paying EMIs 4 home which we will never get. It is begar we r doing for banks
@RBI 1/n
The sad story of Indian banks, ministries, Court
Send email to Supreme Court regarding irregularities but it seems they are least concerned
The banks have disbursed loans which they themselves know that they will become NPAs and no recovery possible
@RBI 2/n
The modus operation in #realestate newspapers full of advertisements with ponzi schemes in convince with banks who approved these ghost projects trapping #CheatedHomeBuyers
@RBI 3/n
SEBI failed to penalize listed banks and loan companies for non compliance with regulations
They are doing fraud with #depositors#shareholders which will impact future trust on Indian companies by FIIs