NOIDA: Called for a meeting by crisis-hit Jaypee Group, a section of homebuyers Friday boycotted the meet and protested here against huge delay in possession of their apartments. However, over one thousand other homebuyers attended the meeting called by Jaypee group to address the homebuyers' concern and discuss its proposal to resolve this crisis. Terming the meeting called by Jaypee group top official Manoj Gaur as an "eyewash", a section of buyers did not attend the meet and sat on protest at the venue while blaming the developer Jaypee group as well as the central and state governments for their plight. Around 22,000 homebuyers are stuck because of significant delay in delivery of flats by Jaypee group's debt-ridden firm Jaypee Infratech, which is undergoing insolvency proceedings. Jaypee Group too has submitted its resolution plan but the same is not being considered by the lenders at this stage.

Source: Mint April 19, 2019 11:37 UTC