It said the court's intervention was required to protect their interests against the powerful builders and to rescue them from the hardship. "Home-buyers are now on the streets and they are moving from one forum to another for redress of their grievances. We have consciously taken up their cases to protect their interests and bring relief to them," the bench said.The court's observations came as it heard a plea of thousands of home-buyers in Jaypee Infratech Ltd(JIL) projects seeking refund of money. The court had repeatedly made it clear to the companies that it would not be bothered about their financial problems and they would have to refund the money to buyers. Expressing concern over "common tendency" of real estate companies across the country to harass flat buyers the court had said companies should not venture into the sector if they were not able to complete the projects on time.

Source: Times of India October 25, 2017 16:18 UTC