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Has banks stopped disbursing payment for NE till further statement ?

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Has banks stopped disbursing payment for NE till further statement ?

Last updated: May 26 2011
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  • Has banks stopped disbursing payment for NE till further statement ?

    I have came to know that some banks have stopped disbursing loan amount for projects that are disputed in NE. Is this true ? Have anyone faced such situation. Kindly reply.
  • #2

    #2

    Re : Has banks stopped disbursing payment for NE till further statement ?

    Yes, that is definitely true about NE projects. There was someone also talking about the same for N expressway and N -7x sector projects on one of the forums.

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    • #3

      #3

      Re : Has banks stopped disbursing payment for NE till further statement ?

      can u give me ur number. i will call u if u do not mind..

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      • #4

        #4

        Re : Has banks stopped disbursing payment for NE till further statement ?

        Originally posted by gauravj.iit View Post
        can u give me ur number. i will call u if u do not mind..
        If you already have invested in NE then do not be so panic, few next months are definitely little bit tense for NE hence just wait & watch, I hope situation may get fine. If you will become more panic then you will make yourself in more trouble.

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        • #5

          #5

          Re : Has banks stopped disbursing payment for NE till further statement ?

          For Jaypee all banks are providing loans

          For Jaypee all banks are providing loans


          Because banks has not any impact of late delivery of construction.

          It will impact only buyers. They have to pay such a high interest without tax benefit.

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          • #6

            #6

            Re : Has banks stopped disbursing payment for NE till further statement ?

            Originally posted by KB_may2010 View Post
            For Jaypee all banks are providing loans


            Because banks has not any impact of late delivery of construction.

            It will impact only buyers. They have to pay such a high interest without tax benefit.
            Where is Jaypee in Noida Extension, I can not understand that NE me ye Jaypee kahan se tapak gaya.

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            • #7

              #7

              Re : Has banks stopped disbursing payment for NE till further statement ?

              He is dreaming.

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              • #8

                #8

                Re : Has banks stopped disbursing payment for NE till further statement ?

                Originally posted by KB_may2010 View Post
                For Jaypee all banks are providing loans


                Because banks has not any impact of late delivery of construction.

                It will impact only buyers. They have to pay such a high interest without tax benefit.
                aere bhai logo ye KB_may2010 Jaypee ka sataya hua hai..bechara khul kar to accept nahi karta ..lakin baar baar jaypee ka zikr karta hai...see other posting of this guy..

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                • #9

                  #9

                  Re : Has banks stopped disbursing payment for NE till further statement ?

                  Originally posted by ankitmittal14 View Post
                  aere bhai logo ye KB_may2010 Jaypee ka sataya hua hai..bechara khul kar to accept nahi karta ..lakin baar baar jaypee ka zikr karta hai...see other posting of this guy..
                  SALTING THE WOUNDS
                  Let him dude.... JAY-"PEE"....JP ke naam me hi "PEE" hai...

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                  • #10

                    #10

                    Re : Has banks stopped disbursing payment for NE till further statement ?

                    Yes, I think Saurabh is right. Stick with it if you are already in mess of NE, but stay away if you are planning to. Sooner or later, this mess will get cleared up and prices will start picking up, but till then you have to hold on to your properties.

                    Other than loans, one important aspect you need to keep an eye on is the construction progress. If builder is going on with it, then it is very good for your project.

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