After hundreds of angry home buyers of Jaypee Wish Town staged a protest in Noida, the Noida Authority on Saturday promised to protect the interests of the flat owners and said that a plan is being worked out. Over 400 people protested at the company's office, and personnel from several police stations were deployed to control them. Meanwhile, Noida Authority CEO Amit Mohan Prasad said, "Hard-earned money of home buyers will not be allowed to go down the drain." The Authority will then take over the unsold apartments and property of the builders and auction it to recover the dues, Prasad said. He said the Authority has written to the Uttar Pradesh government seeking approval to take over possession of the unsold property and recover dues from its sale.

Source: dna August 13, 2017 02:03 UTC