NEW DELHI: Shankar Mathur (name changed) booked an apartment in a property being developed by Jaypee Infratech six years ago. Several other Jaypee flat owners have received similar offers. Not all of the projects that e being offered on transfer to are being offered on transfer to Jaypee homebuyers are residential. It also stated that following the insolvency cases of Jaypee and Amrapali, top banks have stopped finances for all projects of these builders in Noida and elsewhere. "We suspect that some people with malafide intent wanted to generate a sense of fear among buyers," Pankaj Bajaj , president of Credai NCR told TOI.

Source: Times of India August 21, 2017 00:22 UTC