“My dream of owning a house is shattered, and I don’t know for what I am paying the EMI,” says Tete, sounding lost. Around 4.80 lakh units of flats were stuck at various stages of incompletion across top seven metro cities till May this year. The Supreme Court highlighted the real estate mess in its verdict in 2019. Though it’s valid to find out why it happened, Jain underlines, the larger question that nobody is asking is why such a real estate mess was allowed to happen. “They would have lost much even if they happen to win one fine day,” underlines Kumar, alluding to the plight of the homebuyers.Back in Gurugram, Tete reckons she is not going down without fighting.

Source: Forbes October 11, 2022 05:18 UTC