greater noida over 5000 middleclass flat buyers in noida extension are staring at an abyss they are the wronged ones as the bottom has been knocked out of their dream house because of a conspiracy of silence between the greater noida industrial development authority and the builders neither told the buyers that the land was the subject of a court dispute now the buyers face a dilemma either they will have to bear the interest burden on the loans they had taken from the banks or agree to the terms of the very builders who misled them for transferring them to a new projectthey can seek a refund the tripartite agreement between the buyer the bank and the builder allows for a full refund in case the project is abandoned or called off but the interest they have already paid to the bank will not be refunded and thats a huge amount anyone who has ever taken a home loan knows how the initial instalments just recover the interestalso the builders who are like the authority paying lip service to the cause of the buyer and calling for calm have quietly let it be known that they wont refund the full amount this is a double whammy for the investors many of whom have invested their lifes savings for an affordable house in ncrbankers suggest relocating to a new project of the same builder would ensure that the buyers dont lose the interest amount but then they would be completely at the mercy of the builder who would charge current rates and give no discount forget about lifestyle choices of a swimming pool or a gym etcin these circumstances approaching the courts may be the only recourse left to the buyerswhos to blame1greater noida authority whose acquisition process in shahberi village has now been held to be illegal by sc2the builders who did not reveal to the buyers that there was a case pending in the allahabad high court against the land acquisition3the banks which failed to do proper due diligence to ensure that the projects were free from any legal encumbranceswhos payingat least 50006 000 individual buyers most of whom are not just paying rent on their existing accommodation but also emis for the loans they took to buy property in these projects they entered into agreements in good faith but were never given complete informationtimes viewthose who have invested all or large parts of their lifes savings in buying houses in the areas under dispute deserve justice it is not their fault that the land acquisition process was flawed and has been struck down nor are they to blame for builders concealing from them the vital information that the land was under litigation even the banks failed to warn them that there could be problems with the project in short they are victims of a combination of deceit and incompetence there is no reason they should pay for this mess not only must the builders