After the Supreme Court’s surveillance with the concern of land acquisition for real estate in Noida Extension and Greater Noida, so banks other money lending institutions has said no to the financial help to under scanner projects. The projects such as Supertech-II (Ecovillage project) centrally located in the disputed land of Shahberi village — parts of projects of Amrapali, Panchsheel Greens and Ajnara Homes and the entire project of Mahagun Developers are not in the good books of banks, especially public sector banks.
According to sources when contacted to the leading the banks and money lenders such as UCO, PNB, SBI and LIC Housing Finance they said finace for this particular pocket is not available
Whereas private banks showed their willingness to lend the money to home seekers but banks such as SBI and PNB are not ready to lend money in Noida Extension area. A builder on the basis of anonymity said that “as the Noida extension area is now disputed so we are not interested to invest in that particular area.”
Posted: 06 Jul 2011 05:37 AM PDT
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