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Old 21-07-2008, 04:39 PM
daflanger daflanger is offline
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Join Date: Jan 2008
Posts: 24
Default forced to pay

Quote:
Originally Posted by Sixgun View Post
How do you mean, forced to pay? if you don't pay the next installment, what?
I assume you already have 30-40% invested? but is it worth putting more into a dead project?
I'm not advising, just genuinely intereted in this plight and what are the possible 'out' stratergies?

The more i hear about RERA the more I think they have absolutely no actual powers, just an advisory body or something, which is a real blow to investors.
Anyone , anything positive to say? please?

They have PDC Cheques from us and they refuse to return them. They also refused to stop depositing the cheques even though there is no construction.

For other investors who are not paying they are sending them warning letters from their lawyers.

We have asked for help from everywhere but no one is helping. I am guessing the only thing left to do is go to the Press and Media
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