A nationwide homebuyers group has urged for intervention from PM Narendra Modi to prevent buyers from paying loan EMIs for projects that are delayed. The group wrote the letter to the Prime Minister addressing the issue which concerns all buyers throughout the country who have bought homes with loans.
There have been a lot of cases where builders had delayed the projects, which caused the buyers to continuously pay the loan EMIs to the banks until the final delivery of the project. The Homebuyers Association has advised the PM to stop banks from collecting the EMIs from buyers whose projects have been delayed, and make the builders stand responsible.
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